P&G, Constellation Brands see solid U.S. demand even as prices rise
Written by Black Hot Fire Network on February 24, 2023
Club holdings Procter & Gamble (PG) and Constellation Brands (STZ) see resilient U.S. consumer demand despite persistent inflation, top executives at both companies said Thursday — highlighting our view that alcohol and staples like toothpaste don't go out of fashion, even in uncertain economic times. Speaking at the Consumer Analyst Group of New York Conference 2023, Constellation CEO Bill Newlands said American demand for the company's high-end Mexican beer portfolio remains strong, while P & G CEO Jon Moeller called U.S. shoppers "more robust" than those in other parts of the world. The comments from both . . .
