alcohol

Seltzer is among the fastest-growing categories within the beer, spirits and wine category and should continue growing at a double-digit pace in 2021, Anheuser Busch Inbev SA (NYSE: BUD) CEO Michel Doukeris said Wednesday on CNBC's "Closing Bell." What Happened: Ab-InBev launched...

Twitter Inc (NYSE: TWTR) is one of the two go-to destinations for beer companies to market their brand, according to real-time competitive analytics firm BrandTotal. Constellation Is Winning The Battle: Twitter, along with Facebook Inc.'s (NASDAQ: FB) Instagram platform, are the two...

NBA legend turned entrepreneur Isiah Thomas announced Thursday that his Champagne brand Cheurlin Champagne will become available at Walmart Inc (NYSE: WMT), Sam's Club and Target Corporation (NYSE: TGT). What Happened: Thomas, a two-time NBA champion and core member of the Detroit Pistons...

Thursday premarket trading action was highlighted by a handful of food, beverage, and restaurant names reporting quarterly results. Here's what investors in the space need to know.  Food Stocks Kraft Heinz Co (NASDAQ: KHC) shares were trading 6.26% higher to $36.01 at last check after...

Beer giant Heineken N.V. (OTC: HEINY) is operating under the assumption that "it will take time to get out of the pandemic," Heineken CEO Dolf van den Brink told CNBC. Full Year Results And Outlook: Heineken reported Wednesday morning full-year 2020 results, highlighted by an 11.9%...

Alcohol beverage company Constellation Brands, Inc. (NYSE: STZ) has a path to show "faster and more profitable growth" for six reasons and investors should be buyers of the stock, according to Goldman Sachs. The Constellation Brands Analyst: Bonnie Herzog maintains a Buy rating on...

Uber Technologies Inc. (NYSE: UBER) announced Tuesday that it has acquired Drizly in a $1.1-billion dollar deal. What Happened: Uber said will integrate Drizly into its Uber Eats app while contuinuing to offer services through the separate Drizly app. The approximate $1.1-billion bought deal...

Alcohol producer Diageo plc (NYSE: DEO) said in its semiannual earnings report that spirit sales in the U.S. were higher by 15% with notable strength in the tequila category. Strong US Market: Diageo's U.S. sales in the back half of 2020 were supported by more consumers switching...

Molson Coors Beverage Company (NYSE: TAP) has partnered with CKBG to bring their brand Superbird to 10 new markets in spring 2021.  What Happened: Molson Coors announced Tuesday that it will be partnering with CKGB to bring a 100% agave tequila-based cocktail to market...

Alcohol company Constellation Brands, Inc. (NYSE: STZ) managed to offset lost sales from bars and restaurants amid pandemic restrictions by targeting consumers at home with "brands that people trust," CEO Bill Newlands said Thursday on CNBC's "Mad Money." Q3 Beat:...

Wells Fargo analysts initiated coverage of a handful of non-alcoholic and alcoholic beverage companies: Coca-Cola Co (NYSE: KO) at Overweight, $62 price target. Keurig Dr Pepper Inc (NASDAQ: KDP) at Equal-Weight, $33 price target. Molson Coors Beverage Co (NYSE: TAP) at Equal-Weight, $51...

The start of 2020 was a tough period for beer maker Molson Coors Beverage Co (NYSE: TAP), but the sentiment has improved in recent months, CEO Gavin Hattersley said Wednesday morning on CNBC's "Squawk Box." What Happened: Molson's management had to adapt quickly and figure out how...

Two of the world's top five bars are located in London, according to William Reed Business Media's annual ranking. 1. London's Connaught Bar: The Connaught Bar is ranked the world's best bar for the second time. Renowned for its martini trolley, the Connaught Bar offers tableside...

Beer maker Molson Coors Beverage Co (NYSE: TAP) and Coca-Cola Co (NYSE: KO) struck an agreement this week, and it should give Molson leadership status in the seltzer market, CEO Gavin Hattersley said Wednesday on CNBC's "Closing Bell." Financial Benefits For Molson: Molson will...

Global beer giant Anheuser Busch Inbev NV (NYSE: BUD) is searching for a new CEO and may pick someone from outside the company, Financial Times reported. What Happened: Carlos Brito's reign as CEO of Budweiser and Stella Artois' parent company seems to be coming to an end after a decade-and...