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☆ Cuervo tequila maker Becle narrows sales guidance after profit slump
▼ + stars: | 2023-04-28 | by ( Isabel Woodford | ) www.reuters.com time to read: +2 min

Becle, which produces the popular Jose Cuervo tequilas, now forecasts annual growth in the high single digits, down from a February guidance for "high single digits to low teens." Becle posted a nearly 10% slump in first-quarter net profit this week as price increases failed to cushion negative currency exchange effects, high inflation and supply chain issues in Latin America. Executives on Friday added it was too early to assess the impact of recent price increases in places like Mexico. In afternoon trading, Becle's share price was down nearly 5%. While the industry has struggled with extended shortages of glass, used to bottle spirits, Becle executives said these appeared to be easing and should have limited performance impact for the remainder of 2023.

☆ Venezuelan liquor cocuy is winning awards, but producers face hurdles
▼ + stars: | 2023-02-27 | by ( Keren Torres | ) www.reuters.com time to read: +5 min

Venezuela's cocuy producers, however, say limited wild crops and the labor-intensive process of making the drink without additives - the prize-winning version of the liquor - are complicating efforts to increase output. Producers say there is no data on annual national production or sales because much of cocuy output is made for local consumption. A liter of 100% agave cocuy can sell for between $18 and $60, while its production costs average about $12 without commercialization costs. Of the 365 cocuy producers in Lara, whose arid and semi-arid climate makes agave abundant, just 70 make the liquor with 100% agave. The difficult production process begins by cutting back the plant's leaves to reach its "head," said Siquisique producer Nelson de la Rosa.

European demand is deepening a shortage of agave, the prickly plant native to Mexico's Jalisco region that's used to make tequila. Tequila prices have leapt. Compounding matters, the flow to Europe of high-quality 100% agave tequila - which has to be bottled in Mexico - has also been constrained by the supply-chain chaos from COVID-19. Michael Merolli, head of Pernod Ricard's tequila business, which includes Olmeca, said there were far fewer tequila brands in Europe than the United States, where the market was more mature and competitive, with new brands emerging every week. U.S. A-listers like Dwayne "The Rock" Johnson, Kendall Jenner and Kevin Hart have all launched tequila brands in recent years.

☆ Mezcal is now the fastest-growing liquor in the US. Why aren't Mexican producers cashing in?
▼ + stars: | 2022-10-31 | by ( Robin Lindsay | Victoria Barranco | ) www.businessinsider.com time to read: +1 min

It's left smaller Mexican producers with a fraction of the profits. But as demand soars stateside, small Mexican mezcal producers aren't making the big bucks. While Mexican regulations do require mezcal to be made in Mexico, that hasn't stopped large, international companies from scooping up mezcal supplies, repackaging them, and reselling them for huge profits abroad. And the only organization that can stand in the way, the mezcal certifying agency COMERCAM, has faced claims of favoritism of large companies over smaller, traditional ones. This has left some century-old mezcal brands frustrated and fearful that their ancestral ways of making mezcal are at risk.

☆ How George Clooney and Julia Roberts spent their first big paychecks
▼ + stars: | 2022-10-31 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

George Clooney and Julia Roberts have been working in Hollywood for over three decades — but the stars of "Ticket to Paradise" and longtime friends can still recall the excitement of receiving their first paychecks like it was yesterday. Roberts, 55, celebrated her first big payday by buying a boombox, she told POPSUGAR during a recent joint interview with Clooney. "Oh, that's great," Clooney said of Roberts' big purchase. "I was living in a closet of my buddy's apartment with his grandmother," he told POPSUGAR. Roberts and Clooney have worked on six films together before: "Ocean's Eleven," "Ocean's Twelve," "Money Monster," "Confessions of a Dangerous Mind" and "August: Osage County."

☆ Why Bryan Cranston and Aaron Paul work 17-hour days promoting their Dos Hombres mezcal: 'There's no substitute for hard work'
▼ + stars: | 2022-10-28 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

In the world of celebrity spirits, few famous names appear to have the same passion for their business that Bryan Cranston and Aaron Paul have for their Dos Hombres mezcal. Unlike in their hit AMC drama, where Cranston's Walter White was the mastermind fueling the show's massive meth-dealing operation, it was Paul who was instrumental in launching Dos Hombres. The duo have worked hard together to promote their brand, touring the country to create awareness and excitement around Dos Hombres, even stopping by Costco locations to surprise shoppers by pouring samples. "Breaking Bad" stars and Dos Hombres co-founders Aaron Paul and Bryan Cranston. Aaron Paul Co-founder, Dos Hombres

☆ Beer is on pace to lose its leading share of the U.S. alcohol market as spirits surge
▼ + stars: | 2022-10-27 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

This week, Samuel Adams maker Boston Beer debuted Loma Vista Tequila Soda, a ready-to-drink tequila cocktail in both lime and mango flavors. Last year was the 12th consecutive year spirits have taken away market share from beer in the total U.S. alcoholic beverage market, according to a report earlier this year from the Distilled Spirits Council, a national trade organization. The beer category, which includes hard seltzer, accounted for 42% of the U.S. beverage alcohol market in 2021, while spirits accounted for 41%, according to DISCUS. At this trajectory, spirits are pegged to overtake beer in market share in the next few years, even though beer sales have grown. The downward trend of beer market share has also been reflected on the online ordering and alcohol delivery platform Drizly.

☆ Cramer: This bear market is getting long in the tooth — here's what is changing
▼ + stars: | 2022-10-23 | by ( Jim Cramer | ) www.cnbc.com time to read: +8 min

Owning a Johnson & Johnson (JNJ) or a Constellation Brands (STZ) isn't exciting. When I look at the companies that have reported already, I like Home Depot (HD) and UnitedHealth (UNH), Procter & Gamble (PG) and Johnson & Johnson. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ 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.

☆ Baristas in San Francisco went on strike. Their robot co-workers went right on serving
▼ + stars: | 2022-10-18 | by ( Adam Rogers | ) www.businessinsider.com time to read: +12 min

For three days last month, 1,000 food-service workers at SFO went on strike over wages and working conditions. For decades, robots have been replacing, or at least nudging aside, human labor. But at SFO, robot baristas didn't simply replace humans — they crossed a picket line. Cafe X robot baristas stayed on the job when food-service workers went on strike at San Francisco International Airport last month. The short version is: Every new robot per thousand human workers reduces employment by 0.2 percentage points and decreases wages by 0.42%.

☆ Cramer: 4 things I learned from talking to a dozen Club members and other investors over the weekend
▼ + stars: | 2022-10-17 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

This stock market is torturous. I probably spoke to a dozen Club members and we all had a more resigned attitude, accepting that there aren't many opportunities right now. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

☆ Indigenous Latino L.A. residents feel hurt, betrayed by racist remarks
▼ + stars: | 2022-10-13 | by ( Associated Press | ) www.nbcnews.com time to read: +7 min

But the disparaging remarks still deeply hurt the city’s immigrants from Oaxaca, which has one of Mexico’s large indigenous populations. Both growing up in their homeland and after reaching the U.S., they say they’ve become accustomed to hearing such stinging comments — not only from non-Latinos but from lighter skinned Mexican immigrants and their descendants. Martinez used a disparaging term for the Black son of a white council member and called immigrants from Oaxaca ugly. Los Angeles is home to the country’s largest Mexican population and nearly half the city of 4 million people is Latino, census figures show. Informal studies indicate several hundred thousand Oaxacan immigrants live in California, with the largest concentration in Los Angeles, said Gaspar Rivera-Salgado, director of the University of California, Los Angeles Center for Mexican Studies.

☆ This market is not the dot-com crash or the financial crisis. Here's how to play it
▼ + stars: | 2022-09-25 | by ( Jim Cramer | ) www.cnbc.com time to read: +21 min

The S & P 500 never really got out of control back then — and, relative to bonds, it didn't either. The Fed chairman, correctly, feared the economy was going to crash, and he would have been right. I think that's certainly how people act. I think that most participants have decided there's no hope and they are using an analogue that's 2000-2001 (dot-com bubble bursting) or even 2007 (before the financial crisis and the Great Recession). Autos have been hurt by supply chain but I think that's coming to an end.

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