The Beverages - Alcohol industry continues to be in the doldrums, thanks to commodity cost inflation resulting in higher input and packaging costs, and elevated marketing expenses. Innovation and premiumization place players like BUD, DEO, STZ, TAP and SAM in a favorable spot.
The Duckhorn Portfolio (NAPA) delivered earnings and revenue surprises of 0% and 0.37%, respectively, for the quarter ended April 2024. Do the numbers hold clues to what lies ahead for the stock?
The J.M. Smucker's (SJM) Q4 results are likely to reflect gains from pricing and sustained demand, alongside bearing the impacts of recent divestitures and high marketing costs.