Category Archives: Investing

Boston Beer Net Falls 14% in Quarter as Depletions Fall 15%

Net income for the first quarter was $5.7 million, or 45 cents a share, a decrease of $1.3 million, or 8 cents a share, from the first quarter of 2016.  This decrease was primarily due to decreases in net revenue … Continue reading

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CBrands Net Soars 45% on 12% Sales Gain, Boosts Payout 30%

Constellation Brands this morning is reporting a 45% increase in net profit to $1.54 billion, or $7.52 a share, for all of fiscal 2017 as its sales rose 12% to $7.33 billion. It also announced a 30% increase in the … Continue reading

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Brown-Forman Sees 3-5% Average Growth for Jack Daniel’s Over 10 Years

What’s next for Jack Daniel’s, a brand family that has shown a 5% average annual growth in shipments over the past 30 years? Brown-Forman’s approach to brand building is “continued thoughtful innovation,” Mark McCallum, EVP/President, Jack Daniel’s Brands, told an … Continue reading

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Southern Wine, Glazer’s Complete Combination

Southern Glazer’s Wine & Spirits, LLC (“Southern Glazer’s”) said it completed the business combination between Southern Wine & Spirits of America, Inc. (“Southern”) and Glazer’s, Inc. (“Glazer’s”), forming Southern Glazer’s. The merger creates the largest North American wine and spirits … Continue reading

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CBrands Net Jumps 33% on 15% Gain in Sales

Constellation Brands said net profit soared 33% $318 million, or $1.55 a share, in the first quarter on a 15% sales gain to $1.872 billion. Net sales for beer increased 19 percent. This was primarily due to a 15 percent … Continue reading

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Texas Business Assn. Sues ABC, Seeks Fair Application of Tied-House

Citing recent examples of Texas Alcoholic Beverage Commission (TABC) withholding permits from a convenience store in South Texas and a Texas-based food and beverage distribution company, Texas Association of Business and McLane, a Berkshire Hathaway subsidiary, sued Texas Alcoholic Beverage … Continue reading

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