All articles tagged with #alcoholic beverages
Shares of Boston Beer Company, known for its Samuel Adams brand, surged on reports that it is in early talks to sell to Japanese whiskey maker Suntory. The potential acquisition would give Suntory a larger presence in the U.S. market. Boston Beer, which also owns Truly Hard Seltzer and Twisted Tea, has faced challenges with shifting consumer preferences and a 25% drop in shares this year.
Boston Beer's stock slid after the company posted disappointing fourth-quarter results, with revenue falling 12% and depletions down 9% year over year. The company reported a loss of $1.49 per share, worse than expected, and provided a cautious outlook for 2024, expecting flat depletions and shipments, with a slight revenue increase and GAAP earnings per share of $7 to $11. The stock's current valuation implies a recovery that has yet to materialize, and investors are advised to consider other stock options with potential for higher returns.
Busch Light is releasing a limited-edition peach flavored lager, Busch Light Peach, just in time for summer. The new beverage combines the classic taste of Busch Light with a hint of peach and has a 4.1% ABV. It will be available in 12, 24, and 30 packs of 12- and 25-ounce cans in 33 states. The release of Busch Light Peach aligns with the peak peach season and satisfies consumer demands for a new flavor innovation that will complement summertime activities.
Margaritas are the worst alcoholic beverage for weight loss due to their high sugar and calorie content, which can lead to weight gain and spikes in blood sugar. Health experts recommend limiting alcohol intake to one or two drinks per occasion and opting for low-calorie options like vodka soda or red wine. Non-alcoholic beer and Kombucha are also healthier alternatives. Moderation is key when it comes to indulging in high-sugar alcoholic drinks that can stall weight loss goals.
Diageo, the London-based alcoholic beverage company, has appointed Debra Crew as its next CEO, succeeding Ivan Menezes. Crew, currently Diageo's COO, will take over on July 1, becoming one of the few women to lead one of Britain's biggest companies.