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Miami Herald
4 days ago
- Business
- Miami Herald
Costco, Walmart, Trader Joe's cash in on private-label boom
If you're a beer drinker, you probably have a favorite type of brew and maybe even a favorite brewer. If wheat is your go-to, maybe it's Blue Moon. If it's a lager, then it could be Modelo Especial. If you love IPAs and more craft-style beers, Stone and Lagunitas are probably on your list. Don't miss the move: Subscribe to TheStreet's free daily newsletter Craft beer, however, is facing a sobering reality. After years of booming growth, adult-beverage consumers are moving away from alcohol in general and beer in particular, leading to brewery closures from coast to coast. Breweries, like plenty of other businesses in the food and beverage space, are dealing with post-pandemic challenges. Taproom traffic is down, distribution is tough, and the average consumer is spending less and drinking less. Many mid-sized breweries are running below capacity - meaning they have idle brewing equipment and labor. Now some breweries are finding an unusual lifeline: private-label partnerships. Retailers like Costco, Walmart, and Trader Joe's are quietly reshaping the beer aisle by launching private-label craft brews, often made by respected breweries but sold under generic packaging. The strategy has big implications for shoppers, who are hunting for value, and for breweries, which want to keep their tanks full in a slower market. Retailers are jumping into the beer business for the same reasons they've embraced private-label snacks, sauces, and supplements: higher margins, brand loyalty, and pricing control, according to a recent report in Food Dive. Earlier this year, Costco surprised beer lovers by teaming up with Deschutes Brewery - one of the most award-winning craft brewers in the country - on a private-label lager. Sold under Costco's Kirkland Signature brand, the "Helles Style Lager" came in a simple red or white box marked only with "Lager." But savvy shoppers spotted the small Deschutes logo on the box and quickly spread the news online. It turns out, the beer isn't just good - it is award-winning, having taken home a gold medal at the Great American Beer Festival in 2023. And at just $13.99 for a 12-pack, it's craft-beer quality at a Costco-sized value. Related: Walmart quietly launches new same-day delivery option That Costco-Deshutes collab is part of a much bigger trend, and Costco isn't the only one getting in on the action. Trader Joe's, for example, stocks JosephsBrau made by Gordon Biersch, Boatswain made by Rhinelander Brewing Company, and Mission St. made by Steinhaus Brewing Company. More retail: Aldi releases viral Trader Joe's item that is always out of stock Home Depot, Lowe's rivals strategic growth planTrader Joe's making huge mistake not copying Walmart, Target Walmart is preparing to launch a new private-label line called Brewmasters Selections, modeled after popular beers like Michelob Ultra, Modelo Especial, and Miller Lite. The beers will be brewed by City Brewing and distributed exclusively through Walmart stores. Instead of launching another IPA into a crowded market, brewers are partnering with big retailers to produce exclusive house-brand beers. These deals provide guaranteed production volume and steady income, without the marketing costs of launching a new brand. Private label, also called store-label, sales overall grew by 4% last year to reach a total of $271 billion, according to the Private Label Manufacturers Association (PMLA). Store-brand beverages led the way with a 4% year-over-year increase. For consumers, this trend offers something rare: quality beer at affordable prices. While many private-label beers come in no-frills packaging, the liquid inside can be just as good - or better - than higher-priced name brands. It also offers variety. Retailers are testing multiple styles, from crisp lagers to hazy IPAs, and often rotate seasonal releases. That makes the beer aisle feel fresh, even without the flashy branding of traditional craft brews. Related: Nostalgic breakfast treats move to the ice cream aisle But there's a tradeoff. Most private-label beers don't advertise who made them. Unless you're scanning for clues or happen to notice a familiar brewer's logo, you may never know that your store-brand pilsner was brewed by a respected craft operation. Still, most shoppers are more focused on price and taste than provenance. More than half of the Gen Z shoppers who participated said they "always/frequently" choose a place to shop due to its store brands, 67% are "extremely/very" aware of store brands; 64% buy store brands "always/frequently;" and 56% are "extremely likely/likely" to experiment with store brands to find "best value," according to the PMLA. As inflation pressures consumer spending and more craft breweries struggle to survive, expect private-label beer to become a staple in more stores and fridges. Related: McDonald's menu adds hot new collab to spice things up The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
29-05-2025
- Business
- Yahoo
Constellation Brands to Report First Quarter 2026 Financial Results on July 1, 2025 After Market Close and Host Conference Call on July 2, 2025 at 10:30 AM ET
ROCHESTER, N.Y., May 29, 2025 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today it will report financial results for its first quarter ending May 31, 2025, on Tuesday, July 1, 2025, after the close of the U.S. markets by posting the earnings release and financial tables, as well as other supporting materials, on the company's investor relations website at A live conference call for analysts to discuss the company's financial results, operating performance, strategic business initiatives, and outlook for the future with President and Chief Executive Officer, Bill Newlands, and Executive Vice President and Chief Financial Officer, Garth Hankinson, will be hosted at 10:30 a.m. ET on Wednesday, July 2, 2025. The conference call can be accessed by dialing +1-877-407-9121 and entering conference identification number 13754108, beginning at 10:20 a.m. ET. A live, listen-only webcast of the conference call will be available on the company's investor relations website at under the News & Events section. When the conference call begins, financial information discussed on the call, and reconciliations of reported GAAP financial measures with comparable and other non-GAAP financial measures, will also be available on the company's investor relations website under the Financial History section. For anyone unable to participate in the conference call, a replay will be available on the company's investor relations CONSTELLATION BRANDSConstellation Brands (NYSE: STZ) is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It's worth our dedication, hard work, and calculated risks to anticipate market trends and deliver more for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what's next. Every day, people reach for our high-end, iconic imported beer brands such as those in the Corona brand family like the flagship Corona Extra, Modelo Especial and the flavorful lineup of Modelo Cheladas, Pacifico, and Victoria; our fine wine and craft spirits brands including The Prisoner Wine Company, Robert Mondavi Winery, Casa Noble Tequila, and High West Whiskey; and our premium wine brands such as Kim Crawford. As an agriculture-based company, we strive to operate in a way that is sustainable and responsible. Our ESG strategy is embedded into our business and we focus on serving as good stewards of the environment, investing in our communities, and promoting responsible beverage alcohol consumption. We believe these aspirations in support of our longer-term business strategy allow us to contribute to a future that is truly Worth Reaching For. To learn more, visit and follow us on X, Instagram, and LinkedIn. MEDIA CONTACTS INVESTOR RELATIONS CONTACTS Amy Martin 585-678-7141 / Carissa Guzski 315-525-7362 / Joseph Suarez 773-551-4397 / Snehal Shah 847-385-4940 / Paccapaniccia 585-282-7227 / A downloadable PDF copy of this news release can be found 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
23-05-2025
- Business
- Yahoo
Constellation Brands to Present at the 2025 Deutsche Bank Global Consumer Conference on June 3, 2025
ROCHESTER, N.Y., May 23, 2025 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today that Bill Newlands, President and Chief Executive Officer, and Garth Hankinson, Executive Vice President and Chief Financial Officer, will participate in a fireside chat at the 2025 Deutsche Bank Global Consumer Conference on Tuesday, June 3, 2025 in Paris, France. The presentation is scheduled to begin at 2:00 p.m. CEST and is expected to cover the company's financial metrics, operating performance, strategic business initiatives, and outlook for the future. A live, listen-only webcast of the presentation will be available on the company's investor relations website at under the News & Events section. When the presentation begins, financial information discussed in the presentation, and reconciliations of reported GAAP financial measures with comparable and other non-GAAP financial measures, will also be available on the company's investor relations website under the Financial History section. For anyone unable to participate in the webcast, a replay will be available on the company's investor relations website through the close of business on June 2, CONSTELLATION BRANDSConstellation Brands (NYSE: STZ) is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It's worth our dedication, hard work, and calculated risks to anticipate market trends and deliver more for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what's next. Every day, people reach for our high-end, iconic imported beer brands such as those in the Corona brand family like the flagship Corona Extra, Modelo Especial and the flavorful lineup of Modelo Cheladas, Pacifico, and Victoria; our fine wine and craft spirits brands, including The Prisoner Wine Company, Robert Mondavi Winery, Casa Noble Tequila, and High West Whiskey; and our premium wine brands such as Kim Crawford. As an agriculture-based company, we strive to operate in a way that is sustainable and responsible. Our ESG strategy is embedded into our business and we focus on serving as good stewards of the environment, investing in our communities, and promoting responsible beverage alcohol consumption. We believe these aspirations in support of our longer-term business strategy allow us to contribute to a future that is truly Worth Reaching For. To learn more, visit and follow us on X, Instagram, and LinkedIn. MEDIA CONTACTS INVESTOR RELATIONS CONTACTS Amy Martin 585-678-7141 / Carissa Guzski 315-525-7362 / Joseph Suarez 773-551-4397 / Snehal Shah 847-385-4940 / Paccapaniccia 585-282-7227 / A downloadable PDF copy of this news release can be found here. in to access your portfolio
Time of India
16-05-2025
- Business
- Time of India
Warren Buffett's Berkshire Hathaway doubles stake in alcohol stock Constellation, sells Citigroup & other financial stocks
Warren Buffett 's Berkshire Hathaway said on Thursday it more than doubled its stake in alcoholic beverages producer Constellation Brands, while shedding investments in Citigroup and other financial services companies. Berkshire disclosed the trades in a regulatory filing detailing its U.S.-listed stock holdings as of March 31. It said its Constellation stake grew to about 12 million shares worth $2.2 billion from 5.6 million shares at year end. That gave Berkshire a 6.6% stake in the maker of Corona and Modelo Especial beer, and Meiomi, Robert Mondavi and Kim Crawford wines. Constellation shares rose 2.7% after markets closed. Live Events Berkshire exited its three-year-old stake in Citigroup, and no longer reported owning a stake in the parent of Brazilian fintech lender Nubank. It also reduced its stake in Bank of America to 632 million shares from 1.03 billion last July, and trimmed its stake in Capital One, which plans this weekend to buy credit card issuer Discover Financial Services. Berkshire's quarterly disclosures of its stock portfolio do not say whether Buffett, his portfolio managers Todd Combs and Ted Weschler, or future Chief Executive Greg Abel are behind individual sales and purchases. Combs and Weschler normally handle smaller investments, and Buffett has delegated more capital allocation to Abel. Stock prices often rise when Berkshire discloses new holdings or adds to existing holdings because investors view the changes as carrying Buffett's stamp of approval. Thursday's filing shows Berkshire also obtained U.S. Securities and Exchange Commission permission to keep one or more holdings confidential. This keeps investors from piggybacking on Berkshire before it is done buying. Berkshire obtained such permission for its investments in Chevron and Chubb, and former investments in Exxon Mobil, IBM and Verizon. NET SELLER Berkshire bought $3.18 billion and sold $4.68 billion of equities between January and March, the 10th straight quarter it was a net seller of stocks. It ended March with $347.7 billion of cash and equivalents. Berkshire maintained its largest position, a 300 million share stake in Apple worth $66.6 billion. It has also been adding to its stakes in five Japanese trading houses. At Berkshire's annual shareholder meeting on May 3, Buffett downplayed concerns about the cash, saying good investments do not pop up in an orderly fashion. "We would rather have conditions that are developed where we would have like $50 billion" in cash, he said. "But that just isn't the way the business works. We have made a lot of money by not wanting to be fully invested at all times." The Omaha, Nebraska-based conglomerate also owns close to 200 businesses including Geico car insurance, the BNSF railroad, and many energy, industrial, retail and service companies. Buffett, 94, is arguably the world's most famous investor. He is the world's fifth-richest person, with a $157.8 billion fortune, according to Forbes magazine. Abel, 62, is expected to become Berkshire chief executive on January 1, 2026. Buffett would remain chairman. ETMarkets WhatsApp channel )
Yahoo
16-05-2025
- Business
- Yahoo
Berkshire doubles Constellation stake, sells Citigroup and other financial stocks
By Jonathan Stempel (Reuters) -Warren Buffett's Berkshire Hathaway said on Thursday it more than doubled its stake in alcoholic beverages producer Constellation Brands, while shedding investments in Citigroup and other financial services companies. Berkshire disclosed the trades in a regulatory filing detailing its U.S.-listed stock holdings as of March 31. It said its Constellation stake grew to about 12 million shares worth $2.2 billion from 5.6 million shares at year end. That gave Berkshire a 6.6% stake in the maker of Corona and Modelo Especial beer, and Meiomi, Robert Mondavi and Kim Crawford wines. Constellation shares rose 2.7% after markets closed. Berkshire exited its three-year-old stake in Citigroup, and no longer reported owning a stake in the parent of Brazilian fintech lender Nubank. It also reduced its stake in Bank of America to 632 million shares from 1.03 billion last July, and trimmed its stake in Capital One, which plans this weekend to buy credit card issuer Discover Financial Services. Berkshire's quarterly disclosures of its stock portfolio do not say whether Buffett, his portfolio managers Todd Combs and Ted Weschler, or future Chief Executive Greg Abel are behind individual sales and purchases. Combs and Weschler normally handle smaller investments, and Buffett has delegated more capital allocation to Abel. Stock prices often rise when Berkshire discloses new holdings or adds to existing holdings because investors view the changes as carrying Buffett's stamp of approval. Thursday's filing shows Berkshire also obtained U.S. Securities and Exchange Commission permission to keep one or more holdings confidential. This keeps investors from piggybacking on Berkshire before it is done buying. Berkshire obtained such permission for its investments in Chevron and Chubb, and former investments in Exxon Mobil, IBM and Verizon. NET SELLER Berkshire bought $3.18 billion and sold $4.68 billion of equities between January and March, the 10th straight quarter it was a net seller of stocks. It ended March with $347.7 billion of cash and equivalents. Berkshire maintained its largest position, a 300 million share stake in Apple worth $66.6 billion. It has also been adding to its stakes in five Japanese trading houses. At Berkshire's annual shareholder meeting on May 3, Buffett downplayed concerns about the cash, saying good investments do not pop up in an orderly fashion. "We would rather have conditions that are developed where we would have like $50 billion" in cash, he said. "But that just isn't the way the business works. We have made a lot of money by not wanting to be fully invested at all times." The Omaha, Nebraska-based conglomerate also owns close to 200 businesses including Geico car insurance, the BNSF railroad, and many energy, industrial, retail and service companies. Buffett, 94, is arguably the world's most famous investor. He is the world's fifth-richest person, with a $157.8 billion fortune, according to Forbes magazine. Abel, 62, is expected to become Berkshire chief executive on January 1, 2026. Buffett would remain chairman. 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
