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For decades, the two soda giants have produced the concentrate for their beverages in Ireland because of the country's low corporate tax rate. Now, there's a 10% import duty.
Constellation Brands Inc (NYSE: STZ) reported Q4 net sales of $2.16B, beating estimates. EPS of $2.63 also beat estimates. A new $4B buyback plan was announced. FY26 EPS guidance is $12.60-$12.90.
The company is also selling a part of its wines portfolio to The Wine Group, as it shifts focus to high-margin alcoholic beverages
China has retaliated with tariffs on U.S. agricultural imports, specifically Soybeans. Many related businesses are likely to be impacted.
Investors should brush off Ozempic selloff fears and dive into tasty food and beverage stocks that have been oversold in 2023.
Here are three long-term winners if you’re looking for profitable beverage stocks other than the two major players.