Wine & Spirits

Constellation Brands Appoints Sam Glaetzer to Lead Company’s Wine & Spirits Division

Retrieved on: 
Monday, March 11, 2024

VICTOR, N.Y., March 11, 2024 (GLOBE NEWSWIRE) -- Constellation Brands (NYSE: STZ), a leading beverage alcohol company, today announced that Sam Glaetzer has been appointed as the company’s new Executive Vice President and President, Wine & Spirits Division, effective March 11, 2024.

Key Points: 
  • VICTOR, N.Y., March 11, 2024 (GLOBE NEWSWIRE) -- Constellation Brands (NYSE: STZ), a leading beverage alcohol company, today announced that Sam Glaetzer has been appointed as the company’s new Executive Vice President and President, Wine & Spirits Division, effective March 11, 2024.
  • In addition to Glaetzer’s new responsibilities leading the company’s Wine & Spirits Division, he will also serve as a member of Constellation’s executive management committee.
  • “Sam is a well-rounded senior leader with a wealth of experience in wine and spirits and a successful track record of driving commercial and operational efficiency and effectiveness,” said Bill Newlands, President and Chief Executive Officer at Constellation Brands.
  • I look forward to working with my colleagues across our Wine & Spirits Division, as well as our wholesaler and retailer partners, to realize our full potential in the years ahead.”

March at O’Charley’s is Double the Luck, with “Pi” Day Offer on March 14 and Special St. Patrick’s Menu on March 15-17

Retrieved on: 
Friday, March 8, 2024

Every year, Mathematical Pi Day honors the infinite number often abbreviated as “3.14” on March 14 – and who better to join the celebration than the brand best known for FREE PIE?!

Key Points: 
  • Every year, Mathematical Pi Day honors the infinite number often abbreviated as “3.14” on March 14 – and who better to join the celebration than the brand best known for FREE PIE?!
  • For this special holiday, guests can enjoy a free slice of pie on Thursday, March 14, with the purchase of an adult entrée.
  • This is in addition to the O’Charley’s weekly Free Pie Wednesday offer.
  • For more information about these specials and to find your closest location, visit www.ocharleys.com .

BJ’s Wholesale Club Holdings, Inc. Announces Fourth Quarter and Full Fiscal 2023 Results

Retrieved on: 
Thursday, March 7, 2024

Impact of 53-Week Fiscal Year:

Key Points: 
  • Impact of 53-Week Fiscal Year:
    The fourth quarter and full year results for fiscal 2023 included one additional week (the “53rd week”) compared to the fourth quarter and full year results for fiscal 2022.
  • Total comparable club sales decreased by 0.4% in the fourth quarter of fiscal 2023 compared to the fourth quarter of fiscal 2022.
  • Excluding the impact of gasoline sales, comparable club sales increased by 0.5% in the fourth quarter of fiscal 2023 compared to the fourth quarter of fiscal 2022.
  • Gross profit increased to $963.3 million in the fourth quarter of fiscal 2023 from $903.2 million in the fourth quarter of fiscal 2022.

MDWerks Highlights the Environmental Sustainability Advantages of its Energy Wave Technology Solutions in the Alcoholic Beverages and Industrial Sectors

Retrieved on: 
Thursday, March 7, 2024

Steven Laker, CEO of MDWerks, commented, “As companies increasingly look to reduce their carbon footprints and enhance efficiency, MDWerks is well positioned to disrupt both the alcoholic beverages and industrial sectors with its sustainable energy wave technology.

Key Points: 
  • Steven Laker, CEO of MDWerks, commented, “As companies increasingly look to reduce their carbon footprints and enhance efficiency, MDWerks is well positioned to disrupt both the alcoholic beverages and industrial sectors with its sustainable energy wave technology.
  • Key benefits of Sustainably Matured™ technology:
    RFS utilizes proprietary energy wave technology alongside its patented and proprietary molecular targeting technology to provide sustainable manufacturing solutions to industrial customers in the engineered wood, structural wood, and adhesives space.
  • Utilizing its energy wave expertise, RFS designs and builds custom manufacturing equipment that enables more efficient production lines, thereby driving greater environmental sustainability.
  • If you would like to learn more about how our solutions can improve your company’s environmental sustainability and add value to your business, please contact us on our website at https://www.rfspecialtiesus.com/contact/ .

Q4 Trends Report: Catering Orders Surge with New Digital Ordering Channels, Food & Alcohol Insights & Tipping Data

Retrieved on: 
Thursday, March 7, 2024

This report looks into catering and large event transactions on the Toast platform, trends in 27 food types and nine alcohol categories, weekly tipping trends, and tips in all 50 U.S. States, from Q4 2023.

Key Points: 
  • This report looks into catering and large event transactions on the Toast platform, trends in 27 food types and nine alcohol categories, weekly tipping trends, and tips in all 50 U.S. States, from Q4 2023.
  • To better understand food and alcohol trends in Q4 2023, Toast analyzed order counts for 27 restaurant dishes and nine alcohol types.
  • Same-store catering transactions increased by +71% in Q4 2023 compared to Q4 2022, and approximately 30% of that increase came through Catering Online Ordering, which launched in Q3 2023.
  • 3Methodology: Toast analyzed catering transactions from a cohort of restaurants on the Toast Catering & Events platform in Q4 2022 and Q4 2023.

The Duckhorn Portfolio Announces Fiscal Second Quarter 2024 Financial Results

Retrieved on: 
Thursday, March 7, 2024

The Duckhorn Portfolio, Inc. (NYSE: NAPA) (the “Company”) today reported its financial results for the three months ended January 31, 2024.

Key Points: 
  • The Duckhorn Portfolio, Inc. (NYSE: NAPA) (the “Company”) today reported its financial results for the three months ended January 31, 2024.
  • Gross profit was $58.3 million, an increase of $3.1 million, or 5.7%, versus the prior year period.
  • Deirdre Mahlan, Interim President, Chief Executive Officer and Chairperson, commented, “We delivered strong profitability in the second quarter and continued to take share amidst broader industry headwinds.
  • We are updating our full-year fiscal 2024 guidance to reflect our second quarter results and more caution with regard to the second half.

Vintage Wine Estates Provides Update on Asset Sales as Company Progresses Towards Streamlined Business Model and Announces Forbearance Agreement with Lenders

Retrieved on: 
Tuesday, March 5, 2024

We are actively executing against our planned roadmap to engage potential acquirers for our stand-alone DTC and certain production services businesses, in addition to other assets.

Key Points: 
  • We are actively executing against our planned roadmap to engage potential acquirers for our stand-alone DTC and certain production services businesses, in addition to other assets.
  • The Company believes it is well positioned to close certain of these transactions over the next few months.
  • The Second A&R Loan and Security Agreement currently has principal amounts outstanding of $324.3 million as of February 29, 2024.
  • The forbearance agreement provides flexibility for the Company to continue executing the previously announced restructuring and transformation while working with its lenders on an amended credit agreement.

Sunday Brunch is Back at O'Charley's, Just in Time for Easter!

Retrieved on: 
Tuesday, March 5, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240305720792/en/
    Sunday Brunch is Back at O'Charley's!
  • (Photo: Business Wire)
    The restaurant is also featuring a host of delicious new and favorite Southern-inspired entrées on Sundays and all week long.
  • O'Charley's French Toast — Made with hearty Texas Toast and topped with cinnamon sugar, powdered sugar, and whipped butter.
  • $9 Build Your Own Brunch — Two scrambled eggs paired with a choice of biscuit or toast and bacon or sauce.

Southeastern Grocers unveils fresh deals and savings opportunities for the spring season

Retrieved on: 
Tuesday, March 5, 2024

Southeastern Grocers Inc. (SEG), parent company and home of Harveys Supermarket and Winn-Dixie grocery stores, is welcoming the spring season by introducing a fresh array of discounted items through its Price Hold program, sprouting even more savings on the products customers shop the most.

Key Points: 
  • Southeastern Grocers Inc. (SEG), parent company and home of Harveys Supermarket and Winn-Dixie grocery stores, is welcoming the spring season by introducing a fresh array of discounted items through its Price Hold program, sprouting even more savings on the products customers shop the most.
  • Last year, Harveys Supermarket and Winn-Dixie customers saved more than $1.65 billion by utilizing the grocer’s rewards apps, discount program and coupons.1
    This press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20240305358647/en/
    Southeastern Grocers is welcoming the spring season by introducing a fresh array of discounted items through its Price Hold program, sprouting even more savings on the products customers shop the most.
  • Last year, Harveys Supermarket and Winn-Dixie customers saved more than $1.65 billion by utilizing the grocer’s rewards apps, discount program and coupons.