Kim Crawford wine, chilled... Booze giant Constellation Brands owns grocery go-tos like Robert Mondavi wine, Svedka vodka, and Corona Hard Seltzer. Constellation benefited during the pandemic, when bar and restaurant closures had us couch-sipping hard seltzers and quarantinis. From March to December 2020, US liquor store sales hit $42B — up 20% from the same period in 2019. But sales have slowed this year as home-sipping declines. We’ll see if that has continued when Constellation reports earnings Wednesday.
The blowout is back… Helen of Troy, whose brand portfolio includes Hydro Flask, Vick’s, and Dry Bar hair products, reports earnings Thursday. Helen owns or licenses trademarks for a variety of household, beauty, and health products. Sales jumped 29% last quarter, driven by growth in beauty as salons reopened and “going out” life picked up. But Helen still has regulatory issues to iron out, and it lowered its sales forecast for the rest of the year.