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Craft Bev News Fetch
Published daily, M-F by Craft Beverage Insights & free to the trade thanks to our sponsors
July 1, 2016
Publisher/Executive Editor, Lewis Perdue + Editor, Becca Yeamans-Irwin
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TODAY'S TOP NEWS
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INDUSTRY DATA & TRENDS
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GIVE US THIS DAY OUR DAILY DATA
Constellation: Beer growth up 14.3%: almost twice that of wine & spirits
This is an except. For the full report, contact: RBC Capital Markets.
"Despite the adverse weather, Constellation Brands managed to deliver 19% top line growth in its beer business (15% excluding Ballast Point) and had depletion growth of 10% - better than buy side expectations of 8-9%. "And based on our field work (supported by scanner data), June is also performing well (beer depletions up low to mid-teens). Wine/spirits also delivered very strong numbers with 8% top line (versus mid-single-digit guidance). "
CRAFT NEWS FETCH PLAYLIST:
While creating this issue:
Becca liked this song the best: Three Little Pigs by Green Jelly
Lew liked this song the best: No Light, No Light by Florence + The Machine
2014 Vermentino-Sauvignon Blanc co-ferment from Troon Vineyard in OR. Crisp, mouth-watering acidity, and nicely balanced. Received as a sample from the winery. Suggested retail $24. -Becca
This Craft Bev News Fetch was hand-crafted for you by Editor Becca Yeamans-Irwin (The Academic Wino) and Publisher/Executive Editor, Lewis Perdue.
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