Tag: STZ
-
Second-quarter corporate profits are set for their biggest drop since the start of the pandemic. But then the worst could be over.
[ad_1] Wall Street is expecting a third straight quarter of falling profits and the worst decrease since the pandemic in 2020, when second quarter earnings are reported in July, but that may be the bottom for this year. Wall Street expects per-share profit for S&P 500 index companies to fall 6.5% for the second quarter,…
-
As Tilray buys Hexo, former exec sees more consolidation ahead in Canadian cannabis
[ad_1] Canada continues to face an oversupply of cannabis that has pushed down prices even as the cost of capital has increased, which will result in more consolidation ahead, one executive told MarketWatch on Friday. Julius S. Ivancsits has now left his job as chief financial officer of Hexo as part of the acquisition of…
-
Bud Light dethroned as top-selling beer by Modelo, as boycott cuts into sales
[ad_1] Bud Light has been dethroned by Modelo Especial as the best-selling beer in the U.S., according to a report, following a boycott of Bud Light that began in April in response to its partnership with trans influencer Dylan Mulvaney. Modelo accounted for 8.4% of U.S. retail beer sales in the four weeks ending June…
-
Bud Light backlash doesn’t help already struggling beer sales.
[ad_1] Beer sales were already flat. Now a right-wing backlash against one of the leading U.S. brands is adding to the industry’s problems. As slowing craft-beer sales continue to drag on the market, a number of politicians and celebrities are boycotting Bud Light. They’re in a lather because of a sponsored partnership between the beer…