Some of the names on the move ahead of the open.» Read More
Nov 16- Constellation Brands Inc said it will buy Sculpin IPA-owner Ballast Point Brewing& Spirits for about $1 billion to enter the fast-growing craft beer market, in what will be its biggest acquisition since 2012.. Constellation does not expect the Anheuser-Busch InBev-SABMiller Plc colossus to hurt its market of high-margin Mexican brews such as Corona...
A merger of Anheuser-Busch Inbev and SABMiller would not spell doom for Corona seller Constellation Brands, its CEO said.
*Raises FY adjusted profit forecast to $5- $5.20/ share. *2nd- qtr adjusted profit $1.56/ share vs est $1.32. The global beer market is set for a shake-up, with Anheuser-Busch InBev, the world's largest brewer, making a $104 billion bid for rival brewer SABMiller Plc.
*Brent crude set for best 4- day run in a month. *Yum Brands slumps 16 pct on China worries. Oct 7- Wall Street was set to open higher on Wednesday as crude oil prices rose for the fourth day in a row, with Brent crude on track to post its best 4- day run in more than a month.
Oct 7- Constellation Brands Inc reported a better-than-expected quarterly profit, driven by higher sales of beers under its Corona and Modelo brands. Net income attributable to the company rose to $302.4 million, or $1.49 per share, in the second quarter, from $195.8 million, or 98 cents per share, a year earlier. The global beer market is set for a shake-up, with...
U.S. stock futures powered higher this morning, after the Dow eked out its third straight gain in Tuesday's mixed session on Wall Street.
Oct 7- Constellation Brands Inc reported an 8.1 percent rise in quarterly net sales, helped by higher demand for beer under its Corona and Modelo brands. Net income attributable to the company rose to $302.4 million, or $1.49 per share, in the second quarter ended Aug. 31, from $195.8 million, or 98 cents per share, a year earlier. Net sales rose to $1.73 billion from...
*S&P 500 companies are expected to report a 4.2 percent fall in third-quarter profit, the biggest decline in six years, according to Thomson Reuters data. *Yum Brands slumped 16.3 percent to $69.79 after it cut its full-year profit forecast due to a slower-than-expected recovery in China and a strong dollar. *McDonald's, which is also facing issues in China, fell...
Wall Street could continue to meander Wednesday as investors digest the recent rally and eye oil prices in the lull before earnings season.
Jim Cramer considers next week to be the playoffs of earnings. Brace yourself for some serious action! Here are the stocks to watch.
Traders will be on the lookout next week for any signs of overseas weakness seeping into the U.S. economy after surprisingly soft job growth.
Take a look at some of Tuesday's early movers: YUM, AET, STZ, DIS, PG, MSFT & more
NEW YORK, Aug 19- Brooklyn Brewery, the craft beer maker operating from New York City's most populous borough, resisted taking money from investment firms for almost three decades, according to co-founder and Chairman Steve Hindy. The $19.6 billion U.S. craft beer market grew by about 18 percent in barrel volume in 2014, according to the Brewers Association.
Americans like to eat, drink and ... buy organic. You can see those habits paying off—at least for some consumer staples stocks.
Third Point's Dan Loeb crushed the market over the last 20 years—with a simple Buffett-like strategy.
Brewing companies are showing signs they might increase beer prices, but that might have negative effects for the industry.
Brews are about to get more expensive at this sports bar chain.
Some of the names on the move ahead of the open.
The "Fast Money" traders delivered their 'out of this world' trades.
“Mad Money” host Jim Cramer says not to wait another minute when it comes to pulling the trigger on this stock.