146.34 +0.46 (0.32%)
Pre-Market: 5:45AM EDT
|Bid||0.00 x 800|
|Ask||146.62 x 900|
|Day's Range||144.63 - 146.87|
|52 Week Range||100.52 - 176.22|
|Beta (5Y Monthly)||0.11|
|PE Ratio (TTM)||22.78|
|Forward Dividend & Yield||2.72 (1.91%)|
|Ex-Dividend Date||Feb 27, 2020|
|1y Target Est||N/A|
People are chomping at the bit to finally get outside after months of hunkering down during quarantine. One saving grace for many was the fact that the nationwide lockdown from work, school, and general public activity took place during the cooler months of late winter and spring.With such precautions beginning to calm down and the weather starting to heat up, there's excitement in the markets surrounding outdoor stocks. Here are a few companies that might be poised to benefit this summer.Yeti Yeti Holdings Inc (NYSE: YETI) is one of the most well-known outdoor sporting companies on the market. Its most popular products include ice chests, drinkware and other naturistic accessories that are suited for activities like camping, fishing and spending time with the family outdoors.With people able to get outside as the summer months hit, Yeti could recover nicely from the roughly 15% drop off it experienced during the coronavirus' most fierce months.Chris Camillo, founder of TickerTags and host of "Dumb Money LIVE," thinks Yeti's public exclusivity in its specific industry creates opportunities."This summer, anyone that makes anything related to taking your drinks outside, or keeping your drinks cool in your boat, or on a camping trip, or at the lake house, or just out by the pool is gonna kill it," he said. "And none of those other stocks are public, (but) Yeti is."See Also: 4 Stocks Poised To Breakout With The Return Of Live SportsCallaway Golf Callaway Golf Co (NYSE: ELY) doesn't necessarily stand out from other golf brands, such as Nike (NYSE: NKE) or Adidas (OTC: ADDYY), from an apparel or equipment perspective. But one of its most lucrative assets is TopGolf, the indoor golf and entertainment craze.Over the past few years, TopGolf has grown to become one of the most popular spots for hanging out with friends, parties and more.Callaway has given up around 20% in value since the start of the coronavirus and is trading around the $15.50 level. Due to TopGolf's ability to maintain small group settings in a semi-outdoor environment, it may be ahead of its entertainment competitors in being allowed to open up shop.Camillo commented on the show that he sees TopGolf's efficiency as a catalyst in its tremendous growth over the past few years."TopGolf is gonna kill it," he said. "Callaway is ideally positioned...this is the summer of golf."Diageo Many people will finally be able to kick back and have a cold drink with friends once again. And, of course, no drink feels like summer more than tequila.Thus, there is plenty of potential for Diageo plc (NYSE: DEO), owner of Don Julio and CasaMigos, to see success. Since the onset of serious restrictions due to the coronavirus pandemic in late February, the stock's value has dropped roughly 12%. Buyers may be interested in buying the dip here with lockdowns being lifted and outdoor bars starting to get more and more full.Camillo, while analyzing recent spikes in tequila and margarita drinking activity in the country, noted CasaMigos specifically is a top asset for Diageo."It's been astonishing to watch what CasaMigos has done over the past couple of years in terms of their marketing effort. They've been just killing it," he said."I think Diageo is really well positioned as part of the great outdoor trade of 2020."See more from Benzinga * This Small-Cap Stock Just Ripped 20% Higher On New Online Gambling Deal * These 10 Stocks Have Surged During The Coronavirus Pandemic(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
More than £30 billion in company dividend cuts has left a huge hole in the pockets of U.K. investors in retirement and those who rely on it to top up their monthly income.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Diageo PLC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Diageo, the maker of Johnnie Walker whiskey and Tanqueray Gin, currently owns an about 56% stake in United Spirits after slowly building it up over several years. The company has started talks with investment bankers and consultants on a delisting offer, the CNBC TV-18 report https://www.cnbctv18.com/business/diageo-exploring-option-to-delist-united-spirits-5947471.htm said, citing sources familiar with the matter. United Spirits' shares were trading flat at 0825 GMT on India's National Stock Exchange on Monday.
Falling alcohol sales at a specialist Cotswold spirits firm have been replaced by "exceptional" sales of its new line in hand sanitisers.
Constellation Brands CEO Bill Newlands joins Yahoo Finance to discuss the state of the beer industry amidst the COVID-19 pandemic.
Anheuser-Busch's Budweiser in late April refreshed its funny, landmark 1999 "Whassup" commercial https://www.youtube.com/watch?v=eg5ZMkS8zfM featuring friends "Watching the game, having a Bud," with a new tagline for the coronavirus era, in which reruns of classic contests try to fill the void of no live sports, "Rewatching the game, having a Bud." "We're making sure we're in tune with the climate of where we are on this curve," Monica Rustgi, vice president of marketing at Budweiser, said in an interview. Advertising spending usually follows, Michael Roth, chief executive of advertising holding company Interpublic Group of Companies Inc, told Reuters.
French spirits maker Pernod Ricard said on Thursday it was suspending its remaining share buy back of up to 500 million euros ($541 million) and tightly managing costs in response to the coronavirus epidemic that has slashed third quarter sales by 14.5%. Pernod Ricard, which owns Mumm champagne, Absolut vodka and Martell cognac, reiterated its revised March guidance of an organic decline of around 20% in full year current operating profit as a result of the slump in business sparked by the crisis. "We are staying the strategic course while implementing a comprehensive action plan to mitigate costs and tightly manage cash," Chief Executive Alexandre Ricard said in a statement.
The following are the top stories on the business pages of British newspapers. - British Prime Minister Boris Johnson has left intensive care after three nights and is in the "early stage of his recovery" from a coronavirus infection, according to a statement from Downing Street. - Diageo Plc, the world's largest spirits maker, on Thursday abandoned forecasts owing to the "significant impact" of the coronavirus crisis on its business and suspended its 4.5 billion pounds ($5.57 billion) share buyback programme.
Just Eat Takeaway shares rallied on Thursday after reporting that orders have recovered in key European markets, following a brief dip when the coronavirus shutdowns first started.
European stocks traded higher in early action on Thursday as policy makers discuss how and when the global economy can reopen, with data showing a slowing spread of the coronavirus pandemic.
The Johnnie Walker whisky maker is the latest company to pull its guidance as the closure of bars and restaurants around the world due to lockdowns imposed by governments hit its sales. Production facilities in many countries including India and in its key markets of Africa are closed, while in the United States - its biggest market - the closure of bars and restaurants in most states was impacting about 20% of its business there, the company said. Diageo also said it was seeing a small pickup in sales in retail stores in the United States and Europe in recent weeks, as more people drink at home.
Diageo , the alcoholic beverage maker of Johnnie Walker whisky, Guinness beer and Captain Morgan rum, said it's halting its stock buyback program and suspending its financial guidance. Diageo said it will go ahead with its interim dividend due to be paid in April. In mainland China, Diageo said it's beginning to see a very slow return of on-trade consumption, while most bars are shut in the U.S. and in Europe, and on-trade accounts for 20% of U.S. sales and 50% of Europe business. In both regions it has seen some pick-up in the off-trade channel (retail stores) in recent weeks, although it is unclear whether this will be sustained.
Diageo Plc, the world's largest spirits maker, said on Thursday it would withdraw outlook on its sales and operating profit growth and suspend capital returns programme for the rest of the year in response to the coronavirus pandemic. "Given the global nature of the COVID-19 pandemic, and the uncertainty around the severity and duration of the impact across multiple markets, we are not in a position to accurately assess the impact of this on our future financial performance," the company said in a statement.
The world’s biggest distillers are racing to make hand gel, which has become increasingly rare in many countries due to a massive surge in demand.
Shares of the contract distiller MGP Ingredients suffered a spill in the last year from the Kansas-based company’s misplaced bet on aging its own whiskey, instead of just making alcohol under contract for other spirit marketers. On Friday, MGP stock popped 7%, to a $24.34, after the company announced that it was joining the national effort to produce more hand sanitizer and disinfectant products to ward off the coronavirus that causes Covid-19. “MGP employees are working around the clock to support the needs of companies that produce these vital products,” the company said in a statement.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
Investors looking for exposure to global alcohol brands may want to consider Diageo plc (NYSE: DEO ) over Anheuser Busch Inbev (NYSE: BUD ), according to Goldman Sachs. The Analyst Olivier Nicolai initiated ...
Diageo, the world's biggest spirits company, said on Wednesday the spread of coronavirus in greater China and the Asia Pacific region could knock up to $260 million off its profit in 2020. The company said that in China, bars and restaurants have largely been closed and there has been a substantial reduction in banqueting. After that Diageo anticipates a gradual improvement with consumption returning to normal levels towards the end of fiscal 2020.
Investors got no relief from virus worries on Wednesday (February 26). That after hundreds of new cases were reported worldwide, and U.S. authorities said a pandemic was now inevitable. After sharp falls for Asian stocks, European markets also tanked. Benchmark indexes were all down over 1% in early trade, before recovering a little ground. The regional Stoxx 600 approached a four-month low. A slew of corporate warnings about the virus didn't help the mood. Among the big names: Diageo says the outbreak will snip up to $260 million off profits this year. Its shares fell as much as 3%. Food group Danone also cut its sales forecast for the year, estimating the hit at over $100 million. And miner Rio Tinto reported its best earnings since 2011, but warned that the coronavirus could make the next six months a challenge. Luxury brand Hermes was one of the few to strike a positive note. It said it saw signs of a return to normal trading in China. Just four of its stores there are now shut, down from 15 earlier in the year. But its shares still sank over 1%. Investors, it seems, are focused on the negatives. Wednesday morning saw traditional safe havens all rise. Gold headed towards seven-year highs, with U.S. and German governments bonds also posting gains.