Palm Beach, FL – March 29, 2022 – FinancialNewsMedia.com News Commentary – The alcohol beverages market has weathered the effects the pandemic and will continue to grow in 2022, according to various reports. One report from Technavio on the global alcohol market said that the outbreak of COVID-19 adversely impacted the market in focus, mostly in the 2020 and Q1 2021. However, with the introduction of mass COVID-19 vaccination drives in 2021, the market is likely to witness growth in the region through 2026. The report predicted that the alcohol beverages market share is expected to increase by USD 393.26 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 3.23%. It said that the increase in the popularity of the craft segment is notably driving the alcohol beverages market growth. The report added: “The increase in the popularity of the craft segment is one of the key drivers supporting the alcoholic beverages market growth. The craft alcoholic beverage segment is gaining immense popularity among consumers. From craft beer to craft spirits and craft cider, the craft alcoholic beverage segment is making its mark in the market. Craft brewers are often small and independent brewers. They interpret and twist traditional/old styles to develop newer styles. Craft beer has a distinct taste and flavor that sets it apart from traditional beer. Thus, consumers who seek more product variety prefer craft beer over traditional ones. It is brewed differently and served fresh in cans, bottles, and kegs. These factors are increasing the popularity of the craft segment. Such an increase in popularity will drive market growth during the forecast period.” Active companies in the markets this week include Splash Beverage Group, Inc. (NYSE: SBEV), Anheuser-Busch InBev SA/NV (NYSE: BUD), The Coca-Cola Company (NYSE: KO), Celsius Holdings, Inc., (NASDAQ: CELH), Constellation Brands, Inc. (NYSE: STZ).
Technavio added: “Increasing consumption of alcoholic beverages is one of the key alcoholic beverages market trends that is contributing to the market growth. The global alcoholic beverages market has witnessed many mergers and acquisitions in the recent past. Bigger brands have been acquiring smaller and local brands to broaden their geographic footprint. In addition to this, the increase in consumption (especially of wine), low-interest rates, and alliances between distributors and production facilities are the major reasons behind the surging rate of mergers and acquisitions (M&A). Successful M&A helps companies to expand their product portfolios and consumer base. Along with this, M&A also improves the positions of companies with their respective wholesalers and enables them to gain entry into new markets. Such factors are anticipated to boost the market growth during the forecast period.”
Splash Beverage Group, Inc. (NYSE American: SBEV) BREAKING NEWS: Splash Beverage Group Expands Northeastern US Footprint. Agreement with New Jersey’s Budweiser Distributor Northern Eagle Beverage to Cover Four Garden State Counties – Splash Beverage Group, Inc. (“Splash” or the “Company”), a portfolio company of leading beverage brands, today announced an agreement with New Jersey-based AB-ONE distributor Northern Eagle Beverage to distribute SALT Tequila, Copa di Vino wines by the glass, and Pulpoloco Sangria to New Jersey’s Bergen, Hudson, Essex and Passaic Counties.
Robert Nistico, CEO of Splash Beverage Group commented, “This is another home run distribution agreement for Splash. Our relationship with InBev’s AB ONE, the owner of Budweiser, continues to pay dividends for us as more and more high-volume distributors take note of the credibility that comes from our relationship with AB-ONE. New Jersey’s Northern Eagle Beverage Company puts our three premium products on the shelves in 4 highly populated NJ counties. In fact, Bergen County is the number one most populated county in NJ and Essex is the second highest. Both Hudson and Passaic Counties are in the top 10, and it’s worth noting that NJ is the most densely populated state in the US, so our products will be put in front of many, many new eyeballs which translates to more revenue.”
Northern Eagle Beverage Company is an independently owned wholesaler and distributor headquartered in Carlstadt, New Jersey. Founded in 1993, Northern Beverage operates from a 46,000 square foot facility and services more than 920 off-premises accounts and more than 1000 on-premises accounts. Northern Beverage has won AB ONE’s Ambassador of Excellence Award in 7 of the last 10 years. CONTINUED… Read the Splash Beverage full press release by going to: https://splashbeveragegroup.com/investor/press/
Additional recent developments in the markets this week include:
Anheuser-Busch InBev SA/NV (NYSE: BUD) filed its Annual Report on Form 20-F with the U.S. Securities and Exchange Commission (SEC). The Form 20-F can be downloaded from the Company’s website (www.ab-inbev.com) under the heading Investors / Results Center / Latest SEC Filings or from the SEC’s website (www.sec.gov) as of 18 March 2022.
Printed copies of the complete audited financial statements contained in the Form 20-F can be requested free of charge from Issuer Direct Corp, The Investor Network, 500 Perimeter Park Drive, Suite D, Morrisville, North Carolina 27560 (AB-InBevReports@issuerdirect.com), +1-888-301-2501.
The Coca-Cola Company (NYSE: KO) recently announced it will release first quarter 2022 financial results April 25 before the New York Stock Exchange opens. The release will be followed by an investor conference call at 8:30 a.m. ET to discuss the results.
The company invites investors to join a webcast at www.coca-colacompany.com/investors. Downloadable files, as well as a transcript, will be available within 24 hours after the call on the company’s website.
Celsius Holdings, Inc., (NASDAQ: CELH), maker of the leading global fitness drink, CELSIUS®, recently reported preliminary and unaudited financial results for the fourth quarter and full year ended December 31, 2021.
Although the Company has dedicated significant resources to the completion of finalizing its audited consolidated financial statements and related disclosures for inclusion in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 and the required assessment of its internal controls over financial reporting as required by Section 404 of the Sarbanes-Oxley Act, the Company has encountered staffing limitations, unanticipated delays and identified material errors in previous filings as further described below. As a result, the Company has filed for the fifteen (15) day extension period provided under Rule 12b-25 and anticipates filing its Form 10-K including its audited financials prior to the expiration of the extension period. Accordingly, the fourth quarter and full year 2021 results set forth in the linked PDF are preliminary, unaudited and subject to change and adjustment.
Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, recently announced it will report financial results for its full fiscal year and fourth quarter ended February 28, 2022, on Thursday, April 7, 2022, before the open of the U.S. markets. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer Bill Newlands and Executive Vice President and Chief Financial Officer Garth Hankinson at 10:30 a.m. EDT, April 7, 2022.
The conference call can be accessed by dialing +1-877-514-3623 and entering conference identification number 13727657 beginning at 10:20 a.m. EDT. A live, listen-only webcast of the conference call will be available on the company’s website, www.cbrands.com, under the Investors/Events & Presentations section. When the call begins, financial information discussed on the conference call, and a reconciliation of reported (GAAP) financial measures with comparable or non-GAAP financial measures, will also be available on the company’s website under Investors and by selecting Reporting.
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