Daily Archive: April 3, 2020
Wine Spectator: Restaurants Shift From Shock To Survival Mode
According to a National Restaurant Association survey released March 25, 3% of U.S. restaurants have already permanently closed, with another 11% expecting to permanently close in the next 30 days. Continue reading →
Posted in News on April 3, 2020Constellation’s Full-Year Sales Top $8.3 Billion, But Outlook Uncertain Amid COVID-19 Crisis
Constellation Brands continued to show solid growth in its fiscal year through February, with net sales up 3% to $8.34 billion and operating income rising 4% to $2.7 billion, but the company says results for its current fiscal year are impossible to predict at the moment in light of the COVID-19 outbreak. Continue reading →
Posted in News on April 3, 2020Whiskies, Tequilas, Sparkling Wines Drive Off-Premise Gains
Off-premise drinks sales in IRI channels showed a strong bounce across a variety of categories in the four weeks through March 22, with total wine sales jumping 23% by value and 20% by volume in comparison to the year-earlier period. Continue reading →
Posted in News on April 3, 2020Rémy Cointreau Expects 26% Fourth-Quarter Decline Due To Coronavirus
In a trading update, Rémy Cointreau said it expects revenues for the fiscal year through March to fall about 12% on an organic basis, including a 26% drop in the fourth quarter, owing to the effects of the coronavirus outbreak. Continue reading →
Posted in News on April 3, 2020News Briefs for April 3, 2020
•Drinks companies continue to rise to the occasion in combating COVID-19 with a variety of support efforts. Continue reading →
Posted in News on April 3, 2020Craft Brewing and Distilling News for April 3, 2020
•Portland, Oregon’s Cascade Brewing has sold to a group of brewery and taproom owners for an undisclosed sum. Continue reading →
Posted in News on April 3, 2020
