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Search resuls for: "premiumization"


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☆ Diageo CEO: Consumer offtake is robust in the U.S.
  + stars: | 2023-01-26 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDiageo CEO: Consumer offtake is robust in the U.S.Diageo CEO Ivan Menezes joins 'Closing Bell' to discuss repairing supply chain discontinuities, consumer shopping behavior, and ongoing brand strength in premiumization.
☆ Jefferies downgrades Starbucks, says recession could hurt consumer spending in 2023
  + stars: | 2022-12-21 | by ( Sarah Min | ) www.cnbc.com   time to read: +1 min
It's time to move to the sidelines on Starbucks , according to Jefferies. Analyst Andy Barish downgraded the coffee chain to hold from buy, saying shares are likely going to trade in a narrow range after their outperformance this year. Additionally, the analyst is concerned a recession in the second half of calendar year 2023, or in the first half of 2024, will hurt discretionary spending and same-store sales at the coffee chain. Our FY23/24 U.S. SSS ests are 7%/5% vs guide 7-9% in each year and Cons 8%/6%," Barish wrote. Starbucks shares are down about 16% in 2022, better than the S & P 500's more than 19% decline.
☆ Starbucks customers may soon give up their afternoon caffeine kick and drop costly drink modifications like extra syrups, analysts warn
  + stars: | 2022-12-21 | by ( Nancy Luna | ) www.businessinsider.com   time to read: +4 min
Starbucks previously reported that premium add-ons like syrups are a $1 billion business. A drop in traffic amid a looming 2023 recession could also hit Starbucks. Jefferies is "baking into our forecast" that a recession will lower US same-store sales at Starbucks due to negative traffic growth, Barish said. Those modifiers are big business for Starbucks, according to Sara Trilling, president of Starbucks North America. Add-ons are a $1 billion "high margin" business for Starbucks that has doubled since 2019, the company said during the November call.
☆ These stocks reporting next week typically beat the Street and trade higher
  + stars: | 2022-10-21 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +3 min
Of the roughly 20% of companies that have reported quarterly results so far, 72% have beat expectations, according to FactSet data. Technology giant Apple , which is slated to report earnings Oct. 27, is also on the list. JPMorgan recently reiterated its overweight rating on shares of Apple ahead of its earnings report next week. Mastercard is another large company that's included in the list, with a 94% earnings beat rate and average earnings day move of 2%. Teledyne has an earnings beat rate of 100%, according to the Bespoke data.
☆ Recession or not, investments in this sector have shown resilience in tough times
  + stars: | 2022-10-18 | by ( Michelle Fox | ) www.cnbc.com   time to read: +13 min
Boston Beer has an average analyst rating of hold and 8% downside to the average price target, according to FactSet. "In a recession, beer tends to gain about one percentage point of share from spirits. How to play the space With that mindset, you shouldn't alter your long-term investments because of a potential recession, Sarwat said. Its average price target is buy. Duckhorn also has an average rating of buy, with 30% upside to the average price target.
☆ This pandemic consumer trend is still going strong. How to get behind it
  + stars: | 2022-10-16 | by ( Christina Cheddar Berk | ) www.cnbc.com   time to read: +4 min
As CNBC Pro has previously reported, pet ownership in the U.S . is booming, and will help sustain a higher level of sales in the coming years. However, that 4% increase in pet ownership has resulted in an 11% gain in pet spending, it said. "Despite now being [circa] 30 months away from the start of the pandemic, pet care is still going strong," AllianceBernstein analysts wrote. That pace is faster than 8% global growth rate from 2021 to 2022 predicted by Euromonitor and Bernstein analysis, the report said. It owns Diana Pet Foods, and is the leading pet food ingredients company.
☆ Analyst says buy Constellation Brands, makes a bullish case we can agree on
  + stars: | 2022-10-11 | by ( Kevin Stankiewicz | ) www.cnbc.com   time to read: +6 min
Even earlier in the session, when all three major U.S. stock indexes were in the red, STZ shares were slightly in the green. "Pricing optionality" — jargon that really just means raising prices to help offset rising costs — is another part of Wedbush's bullish case. The Club's take Wedbush's positive note comes less than a week after Constellation released its very solid second-quarter results . Just as we saw little to nitpick in the company's numbers and guidance, we see little to disagree with in Wedbush's STZ thesis. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
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