Investor events this week from Club holdings Constellation Brands (STZ) and Starbucks (SBUX) left shareholders like us bullish on the path forward for both beverage makers.
Beer producer Constellation Brands provided a business update on Thursday during an event for investors at which management outlined its strategic priorities to foster ongoing growth.
The company called its beer business, which includes bestselling brands like Modelo Especial, Corona and Pacifico, "the main driver of our strong growth."
To address this unrelenting demand, Starbucks plans on building new stores with updated layouts, while "unlocking capacity" at existing stores.
In addition to investing in its stores, Starbucks is also taking steps to improve the overall experience for its employees.
Persons:
Kim Crawford, Elliot Management, Laxman Narasimhan, Jim Cramer, Narasimhan, Jim Cramer's, Jim
Organizations:
Constellation Brands, Starbucks, Modelo Especial, Management, Constellation, CNBC, Getty
Locations:
U.S, Corona, Pacifico, Woodbridge, SVEDKA, China, North America, Canada