JOHANNESBURG, SOUTH AFRICA -- (Marketwire) -- 11/03/10 -- www.wallstreetequityresearch.com allows shareholders to gain full understanding of the economic and market forces influencing the beverages - wineries & distillers industry, and offers free research on industry players Constellation Brands Inc. (NYSE: STZ) and Central European Distribution Corp. (NASDAQ: CEDC). Register today at www.wallstreetequityresearch.com to receive free research reports on these companies.
The Beverages- Wineries and Distillers sector has suffered lately due to cautious consumers and a shift in consumption habits. Consumer confidence has been low since the onset of the recession. With unemployment continuing to loom around 10% many consumers are choosing to consume alcoholic beverages at home instead of visiting bars and restaurants for a drink. Companies are hoping to capitalize on this shift to at-home consumption by marketing ready-to-serve cocktail drinks. The recession has also hurt high end beer sales.
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The sector has had some reasons for optimism lately, nevertheless. Companies have seen strong sales growth in Asia and the Middle East. North America has also posted modest gains as Americans begin to consume more wine. Large promotion budgets have also begun to pay off as Americans are choosing to purchase higher priced premium wines more often. Consumption of wine grew 3% in the U.S. so far this year. Visit us at http://www.wallstreetequityresearch.com/ to understand the catalysts and forces driving or affecting beverages - wineries & distillers stocks.
Some of these gains were offset by depressed sales volumes in Europe and Australia. The European alcohol industry has further cause for concern as the European Union is currently considering regulation that would force makers to add warning labels to their products.
On the earnings front, Constellation Brands Inc. already released its results in the early week of October with profits slipping by 8% to $91.3 million. Still pending on the earnings timetable for the quarter is result from Central European Distribution Corp. The company is set to post its earnings by the end of this week on Friday November 5th. Shareholders and investors can sign up today at http://wallstreetequityresearch.com/November032010ConstellationBrandsInc.(STZ)031110.php or http://wallstreetequityresearch.com/November032010CentralEuropeanDistributionCorp.(CEDC)031110.php to download the full reports on Constellation Brands Inc. and Central European Distribution Corp.
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