Latest news with #Modelo
Yahoo
2 days ago
- Business
- Yahoo
Jim Cramer Says Constellation Brands is 'Four Times Cursed'
Constellation Brands, Inc. (NYSE:STZ) is one of the 13 stocks Jim Cramer recently shed light on. During the episode, Cramer called the company 'four times cursed,' as he commented: 'Or how about Constellation Brands? The alcohol company has been four times cursed. GLP-1 drugs cut the craving for beer. Gummies give you the same high… I have no idea about that. Younger people don't want to pollute their bodies with alcohol. I don't know anything about that either. Its big Mexican beer brands, Corona, Modelo, and Pacifico, are victims of the White House immigration crackdown, which the CEO pointed out on their conference call in April. Unfortunate for Constellation shareholders, these immigration policies are impacting a meaningful chunk of their customer base.' A winemaker examining a glass of red wine from a barrel in a cellar. Constellation Brands (NYSE:STZ) produces and sells a diverse portfolio of beer, wine, and spirits under well-known brands across various markets. Oakmark Fund stated the following regarding Constellation Brands, Inc. (NYSE:STZ) in its Q1 2025 investor letter: 'Constellation Brands, Inc. (NYSE:STZ) is the leading imported beer company in the U.S. The company has a strong portfolio made up of iconic premium beer brands such as Modelo, Corona and Pacifico. We like that Constellation's beer segment has consistently outgrown the industry and believe it can further benefit from demographic tailwinds, new distribution points, and future price increases. More recently, the stock price has come under pressure due to both stock specific and industry-wide challenges, some of which we believe will prove transitory. Despite the company's strong historical performance and expectations for continued above-market beer growth, Constellation trades at a meaningful discount to other consumer packaged goods companies with similar growth outlooks. This dislocation afforded us the opportunity to initiate a position in the company at a significant discount to our estimate of intrinsic value.' While we acknowledge the potential of STZ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
Jim Cramer Says Constellation Brands is 'Four Times Cursed'
Constellation Brands, Inc. (NYSE:STZ) is one of the 13 stocks Jim Cramer recently shed light on. During the episode, Cramer called the company 'four times cursed,' as he commented: 'Or how about Constellation Brands? The alcohol company has been four times cursed. GLP-1 drugs cut the craving for beer. Gummies give you the same high… I have no idea about that. Younger people don't want to pollute their bodies with alcohol. I don't know anything about that either. Its big Mexican beer brands, Corona, Modelo, and Pacifico, are victims of the White House immigration crackdown, which the CEO pointed out on their conference call in April. Unfortunate for Constellation shareholders, these immigration policies are impacting a meaningful chunk of their customer base.' A winemaker examining a glass of red wine from a barrel in a cellar. Constellation Brands (NYSE:STZ) produces and sells a diverse portfolio of beer, wine, and spirits under well-known brands across various markets. Oakmark Fund stated the following regarding Constellation Brands, Inc. (NYSE:STZ) in its Q1 2025 investor letter: 'Constellation Brands, Inc. (NYSE:STZ) is the leading imported beer company in the U.S. The company has a strong portfolio made up of iconic premium beer brands such as Modelo, Corona and Pacifico. We like that Constellation's beer segment has consistently outgrown the industry and believe it can further benefit from demographic tailwinds, new distribution points, and future price increases. More recently, the stock price has come under pressure due to both stock specific and industry-wide challenges, some of which we believe will prove transitory. Despite the company's strong historical performance and expectations for continued above-market beer growth, Constellation trades at a meaningful discount to other consumer packaged goods companies with similar growth outlooks. This dislocation afforded us the opportunity to initiate a position in the company at a significant discount to our estimate of intrinsic value.' While we acknowledge the potential of STZ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Will Constellation Brands' Focus on Core Brands Deliver in 2025?
Constellation Brands, Inc. STZ is a powerhouse in the alcoholic beverage industry, with balanced presence across beer, wine and spirits. The company continues to prioritize premiumization, brand strength and portfolio optimization as a central theme of its growth strategy. Armed with a portfolio of consumer-led, top-notch brands such as Modelo Especial, Corona Extra, Pacifico, Robert Mondavi Winery, Kim Crawford, The Prisoner Wine Company, High West, Casa Noble and Mi CAMPO, STZ is poised well to serve the evolving tastes of is sharpening its focus on high-performing core brands in high-margin categories, particularly beer, which makes up roughly 83% of total sales. STZ is capitalizing on favorable U.S. beer trends, especially the rising demand for Mexican imports and premium offerings. Modelo, now the top-selling beer in the US, continues to be a standout performer. Corona and Pacifico are the other beer brands that are performing well. For fiscal 2026, the company anticipates sales growth of 0–3% for the beer segment. In the wine and spirits business, the portfolio continues to evolve toward higher-end offerings, with premium brands like The Prisoner, Kim Crawford and Meiomi driving growth. The company is investing in innovation, flavor extensions and omnichannel capabilities to strengthen consumer engagement, particularly among younger, tech-savvy audiences. Additionally, STZ is divesting lower-performing assets and streamlining operations to drive margin expansion and enhance long-term near-term challenges like inflation and channel shifts persist, Constellation Brands' disciplined focus on fewer, stronger brands and strategic execution provides a solid foundation for sustainable growth in 2025 and beyond. As Constellation Brands doubles down on its core portfolio strategy, a closer look at how peers like Anheuser-Busch InBev SA/NV BUD, The Boston Beer Company, Inc. SAM and Molson Coors Beverage Company TAP manage their core brand playbooks offers key insights into competitive positioning and evolving industry InBev SA/NV, alias AB InBev, has been gaining from continued consumer demand for its brand portfolio. The company's premiumization strategy is a key growth lever. AB InBev has been focused on premium beer offerings, aligning with consumer preferences in the alcohol industry. Among the above-core brands, Corona has been leading the performance, delivering low-teens revenue growth outside of Mexico. BUD has been focused on expanding its Beyond Beer portfolio as well. Boston Beer remains focused on product innovations and brand development to strengthen its market position and drive operational performance. Among the most iconic brands in American craft brewing, Samuel Adams is the keystone of Boston Beer. The company has diversified its lineup with beverages like Truly Hard Seltzer and has grown beyond traditional beer. SAM's diversification strategy centers on expanding its 'Beyond Beer' portfolio, including hard seltzers, ciders and other alternative alcoholic beverages, to capitalize on the evolving consumer taste, reducing reliance on the traditional beer Coors remains committed to bolstering growth through innovation and premiumization. To accelerate portfolio premiumization, the company has been aggressively growing its above-premium portfolio. It remains focused on stabilizing its larger above-premium brands in the US, while simultaneously pursuing meaningful growth opportunities for its most strategic, high-performing brands. The company intends to invest in iconic brands and growth opportunities in the above-premium beer space and expand in adjacencies and beyond beer. Shares of Constellation Brands have lost 25.9% year to date against the industry's growth of 2.2%. Image Source: Zacks Investment Research From a valuation standpoint, STZ trades at a forward price-to-earnings ratio of 12.34X compared with the industry's average of 15.23X. Image Source: Zacks Investment Research The Zacks Consensus Estimate for STZ's fiscal 2026 earnings implies a year-over-year decline of 7.9%, while that for fiscal 2027 indicates growth of 8.5%. The company's EPS estimate for fiscal 2026 and fiscal 2027 has moved down in the past 30 days. Image Source: Zacks Investment Research Constellation Brands stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Molson Coors Beverage Company (TAP) : Free Stock Analysis Report Constellation Brands Inc (STZ) : Free Stock Analysis Report Anheuser-Busch InBev SA/NV (BUD) : Free Stock Analysis Report The Boston Beer Company, Inc. (SAM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Axios
5 days ago
- Entertainment
- Axios
Where to find "Love Island USA" watch parties in Charlotte
The newest season of "Love Island USA," much like Charlotte, is turning up the heat. Why it matters: Several local bars and breweries are catering to the hype with watch parties for the wildly popular reality dating competition, some hosting nightly, others weekly. Catch up quick: Ten singles shack up on a villa in Fiji to explore deep connections, find love and compete for a $100K prize. But, as new "bombshells" enter the villa, contestants may be tempted to recouple with someone new. Anyone left single risks being dumped from the island. Through the "Love Island USA" app, viewers vote for their favorite couples, ultimately deciding who recouples, who stays in the villa, and who gets sent home. The intrigue: 24-year-old Clarke Callaway entered the villa as a new bombshell on Monday and says she's from Charlotte. Context: New episodes of "Love Island USA" season 7 air nightly, except for Wednesdays, on Peacock at 9pm EST. New episodes of "Love Island: Aftersun," a post-episode talk show, drop on Saturdays. Season 7 premiered June 3. Most seasons run about six weeks. Here are five local spots hosting watch parties and what to expect at each. Platform Sports What to expect: The LoSo sports bar and lounge is hosting nightly watch parties that are already drawing big crowds, as evidenced by one attendee's viral TikTok recap. Catch the show on their giant media wall indoors or on the TVs on the rooftop patio. Drink specials include $10 themed cocktails, $8 green tea shots and $8 seltzers $5 Modelo and Corona. There's also free popcorn. Stop by: 3216 S. Boulevard at The Platform at LoSo. Take the elevator up to the third floor. Tipsy Pickle What to expect: The Camp North End pickleball and gaming facility is streaming all of the series' Casa Amor episodes across its 31 screens. You'll also find Casa Amor-themed cocktails, like the "Love Bomber," with tequila, watermelon and Tajin candy. What's next: The final watch party is planned for Thursday, June 26; additional events may be added. Stop by: 201 Camp Road Divine Barrel What to expect: The NoDa brewery is hosting Thursday night watch parties through the remainder of the season on its 200" project with sound. Find themed cocktails, beer and non-alcoholic options. It's open to all ages. The Union What to expect: The South End neighborhood bar is hosting watch parties every Tuesday. Drink specials include $7 pineapple upside-down shots and $10 strawberry margaritas. Stop by: 222 E Bland St. Medusa Lounge
Yahoo
6 days ago
- Business
- Yahoo
Jones Soda sells cannabis business for $3M
This story was originally published on Food Dive. To receive daily news and insights, subscribe to our free daily Food Dive newsletter. Jones Soda sold its cannabis beverage business, including its Mary Jones brand, to MJ Reg Disrupters for $3 million. The transaction is part of Jones' previously announced strategy to streamline operations and focus on its core soda offerings, functional beverages and adult beverages. The sale included $489,399 in cash paid when the deal closed on June 19, with the remaining amount tied to a promissory note that will be paid out through 2028. Jones first entered the cannabis space in 2022 when it launched the Mary Jones brand. During its first quarter of 2025, Jones said its cannabis segment generated $380,000 in revenue compared to $410,000 in the same period a year earlier. Jones' decision to divest Mary Jones and the rest of its cannabis business will allow the Seattle company to focus its finite resources on these and other categories with greater growth potential. Cannabis was responsible for roughly 8% of its $4.6 million in sales during the first three months of 2025. "The sale of the cannabis beverage business marks an important milestone in our effort to focus our resources on areas where we see the strongest long-term growth and profitability,' Scott Harvey, Jones' CEO, said in a statement. 'We are proud of the innovation behind the Mary Jones brand, but I believe this divestiture enables us to sharpen our strategic priorities and accelerate investment in our core soda, functional beverage, and adult beverage categories." Jones jumped into cannabis as part of a push to expand beyond its signature quirky soda flavors. In recent years, it also debuted a prebiotic drink, a beverage with added caffeine and a hard craft soda. For years, companies have looked to cannabis as a promising business opportunity in the U.S. But those hopes have routinely been dashed, with national legislation for regulating cannabis in food and beverage products failing to materialize. As the national landscape for cannabis legalization remains hazy, companies have focused on states where recreational use is legal. But entering those markets is far from easy or cheap, with the logistics of state launches varying significantly. Tilray Brands has focused more of its attention recently on beer, with its CFO recently saying there is a reduced likelihood of cannabis regulation in the U.S. Molson Coors exited a joint venture three years ago, citing 'no near-term pathway to federal legalization' and 'uncertainty in the market' for cannabis products. And Modelo distributor Constellation Brands has written down a large part of its roughly $4 billion investment in cannabis producer Canopy Growth. Recommended Reading Tilray wants to light up US market for hemp-derived drinks Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
