More bad news for Bud Light [Yahoo! Finance]
Constellation Brands, Inc. (STZ)
Last constellation brands, inc. earnings: 4/3 07:30 am
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Source: Yahoo! Finance
Another Anheuser-Busch InBev beer, Michelob Ultra, has surpassed Bud Light in its share of US draft lines, marking an end to several decades of dominance. That's according to data from Draftlines Technologies , a company that monitors more than 1 million tap lines. For many years, Bud Light was the biggest beer in draft share ahead of its growing sister brand Michelob Ultra. The gap started closing in the middle of last year, following a Bud Light boycott sparked by a one-off sponsored Instagram post featuring transgender influencer Dylan Mulvaney . Beyond the customer boycott, some bars also removed its tap — causing long-term damage to sales. Since then Michelob Ultra has gained in draft availability, surpassing Bud Light in November and continuing to grow in December, Draftlines data revealed. “Michelob Ultra has been on a path to surpass Bud Light as the no. 1 brand on draft in total taps for a number of years,” Jennifer Hauke, founder of Draftlines, told CNN. “The rise of
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- Constellation Brands, Inc. (NYSE: STZ) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $280.00 price target on the stock.MarketBeat
- The most-read industry analysis on Just Drinks in 2024 [Yahoo! Finance]Yahoo! Finance
- Michelob Ultra Surpasses Bud Light As Top Draft Beer, Data Shows [zero hedge]zero hedge
- Here's Why Constellation Brands (STZ) is a Strong Value Stock [Yahoo! Finance]Yahoo! Finance
STZ
Earnings
- 10/4/24 - Miss
STZ
Sec Filings
- 12/3/24 - Form 8-K
- 11/22/24 - Form 4
- 11/22/24 - Form 4
- STZ's page on the SEC website