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Dear Client: Yesterday afternoon, Constellation announced an “incremental” $100 million investment over the next half-decade to support U.S. farmers in Idaho, Montana, and North Dakota. The move reinforces the company’s “long-term commitment to American agriculture and the vital role it plays in sustaining America’s iconic beer industry,” it said. Funding includes “incremental purchases from American farmers and initiatives designed to help strengthen the future of these U.S. farming communities.” They are going beyond mere investment to founding a sort of
Dog Days Taking a Bite Out of Beer? Dollars Drop 5% in Latest Week of Scans
Dear Client: It has quite literally been a rough run through the dog days of summer for beer. As you may know, the traditional “dog days” span the 40 days from July 3 through August 11, and are generally associated with the hottest, most humid stretch of summer. And turns out, that window lines up almost perfectly with beer’s ongoing slide in Circana scans. Indeed, beer dollars were down 0.8% in the holiday week ending July 5, and have only
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