Betting on Sports Betting
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 8 April 2021
⏱️ 15 minutes
🧾️ Download transcript
Summary
Constellation Brands wraps up its fiscal year. Costco’s March numbers were strong, especially digital sales. Clay Bruning analyzes those stories, as well as the state of the sports betting industry in America.
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Transcript
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| 0:00.0 | It's Thursday, April 8th. |
| 0:03.8 | Welcome to Market Fuller. |
| 0:05.0 | I'm Chris Hill, with me today. |
| 0:07.0 | Mr. Clay Browning. |
| 0:08.0 | Good to see you, sir. |
| 0:09.7 | Hey, Chris, how are you doing? |
| 0:11.0 | I'm doing well. |
| 0:12.0 | I'm doing well. |
| 0:12.8 | We've got sports betting on the menu. |
| 0:15.0 | We've got retail news. |
| 0:16.4 | But we're going to start today with the beverage industry, |
| 0:19.4 | specifically the adult beverage industry. |
| 0:21.4 | A fourth quarter profits for constellation brands |
| 0:23.8 | came in higher than expected. |
| 0:25.6 | This is the beer, wine, and spirits company. |
| 0:28.6 | Probably the best-known brand in their portfolio |
| 0:31.3 | is Corona, although I imagine there |
| 0:34.4 | are some listeners who prefer some of their wines or spirits |
| 0:38.9 | who are mad at me for saying that. |
| 0:40.1 | But I think that's fair to say. |
| 0:41.8 | The Corona is the best-known brand they have. |
| 0:43.8 | The stock is down about 5%. |
... |
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