BF-B
Beverages - Wineries & Distilleries · Consumer Defensive
Analyst
JPMorgan (on behalf of Andrea Teixeira)
Equibles does not estimate personal net worth.
Drew Levine is recorded as Analyst at JPMorgan (on behalf of Andrea Teixeira). Drew Levine has spoken on 6 earnings calls across 4 companies, most recently for Brown Forman Corp on September 2, 2026. Those appearances were for Brown Forman Corp (BF-B), Molson Coors Beverage Co (TAP), Primo Brands Corp (PRMB) and Constellation Brands, Inc. (STZ). The companies whose calls Drew Levine spoke on are classified in the Consumer Defensive sector.
“And Lawson, firstly, congratulations on your upcoming retirement. Was hoping to get some more color on the underlying performance in the U.S. It was up 4%. I think even against the easy comparison, probably a little bit better than expected.”
“Hul, you talked to the beer industry freaking sequentially and expectation that it'll probably remain volatile, but still think in the year is better than 2025.”
“So you mentioned a number of potential mitigation options for the potential commodity inflation that we can be seeing, productivity and pass-through mechanisms among them.”
“Tracy, I wanted to ask if we could double click on the cost phasing on COGS particularly related to the Midwest premium. You noted it was 30 million in 1Q, peaks in 2Q. I think the prior commentary from last quarter was that overall it would be a $125 million headwind to the year.”
“I do want to ask on the gross margin commentary that you made at the end of the call. You mentioned some cost headwinds from higher cost inventory, I guess, coming through over, you know, the next couple of years.”
JPMorgan (on behalf of Andrea Teixeira)
Analyst
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BF-B
Beverages - Wineries & Distilleries · Consumer Defensive
Beverages - Brewers · Consumer Defensive
PRMB
Beverages - Non-Alcoholic · Consumer Defensive
Beverages - Brewers · Consumer Defensive