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Dear Client: Last month, Molson Coors unveiled some new, high-ABV offerings to its wholesaler partners in Phoenix. They’ll debut at NACS this week, and we can share them with you now. The plays build on the c-store innovation pipeline the company debuted last year, like 8% ABV Simply Bold, which the company says claim the top two 24. oz. “higher ABV” innovations spots in c-store (in Cherry Limeade and Signature Lemonade). But as you’ll see, MC’s idea of new and
Constellation Sees Signs of a “Bottom,” But Consumer Pressure Persists
Dear Client: Constellation brass put forward a cautious but hopeful tone on their Q2 call yesterday morning, suggesting the beer business may be nearing the bottom of its dive even as consumers remain under pressure. CEO Bill Newlands and CFO Garth Hankinson said the company is watching closely for signs of stabilization after a summer marked by soft depletions, weaker takeaway in key Hispanic markets, and a deliberate pull-forward of distributor inventory rebalancing. But even with those near-term headwinds, they
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