Constelation brands (alcohol sales are in decline)with the news that alcohol is the 3rd leading cause of cancer has only increased the shift away from alcohol beverages, that bodes well for curas new non alcohol drinks due out soon.
(constelation brands earnings report today)
Our Wine and Spirits net sales declined 14% driven by a 16.4% decrease in shipment volumes, mostly driven by ongoing weaker consumer demand and continued retailer inventory destocking across most price segments in the U.S. wholesale market.
Operating margin decreased 333 basis points to 22.1% as the decline in net sales exceeded the decreases in COGS and SG&A expenses. • The Wine and Spirits Business expects organic net sales decline of 5 - 8% and operating income decline of 17 - 19%; see fiscal 2025 Guidance Assumptions under Outlook for more information, including adjustments related to the divestiture of SVEDKA.