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Dear Client: In just his official second day in the role, new Constellation CEO Nicholas Fink hosted a sell-side analyst meeting in NYC yesterday, alongside CFO Garth Hankinson, per reports from Roth’s Bill Kirk and TD Cowen’s Robert Moskow, who were among the first analysts to churn out notes. (They both also have a “buy”; In fact, Cowen just upgraded Monday.) Roth summed the meeting’s contents as “focused on expected management style, the hiring process, capital allocation/M&A philosophy, thoughts on
Super Lyte Launches with 20-Plus States and Big Year-One Ambitions
Dear Client: Stateside Brands, maker of breakout RTD hit Surfside, intros its next big new RTD play this week, when Super Lyte Vodka + Ade starts to hit half the country (more or less). We caught up with CEO Clement Pappas and President Matthew Quigley on why they’ve expanded their market coverage; why it shouldn’t cannibalize Surfside; and what success looks like in year one. First, a refresher: As BBD broke news last fall, Super Lyte is a non-carbonated vodka
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