https://cerros.ai/blog Daily CPG intelligence — distribution and DSD, retail, and consumer-brand analysis from the Cerros team. en-us https://cerros.ai/blog/2026-09-20 https://cerros.ai/blog/2026-09-20 Sun, 20 Sep 2026 12:00:00 GMT OpenAI added Chrome-extension support to ChatGPT's built-in desktop browser, pushing the in-app browser closer to a full work-and-shop surface. https://cerros.ai/blog/2026-09-19 https://cerros.ai/blog/2026-09-19 Sat, 19 Sep 2026 12:00:00 GMT Kroger pulled Red Bull from all ~2,700 stores in a pricing dispute, leaning harder into private label. UK's CMA opened a Phase 1 probe into McCormick's ~$44.8B purchase of Unilever's food business (Knorr, Hellmann's). https://cerros.ai/blog/2026-09-18 https://cerros.ai/blog/2026-09-18 Fri, 18 Sep 2026 12:00:00 GMT Constellation Brands is pulling its import portfolio from Molson Coors-owned Coors Distributing in Colorado, putting an estimated 6 million cases in motion on a 30-day clock. DoorDash added Costco to its U.S. https://cerros.ai/blog/2026-09-17 https://cerros.ai/blog/2026-09-17 Thu, 17 Sep 2026 12:00:00 GMT OpenAI turned ChatGPT into an ad platform: a "Sponsored Agents" pilot (Wayfair, Angi) plus self-serve Shopify and HubSpot ad tooling — a new conversational surface for brand discovery. https://cerros.ai/blog/2026-09-16 https://cerros.ai/blog/2026-09-16 Wed, 16 Sep 2026 12:00:00 GMT Beverage-alcohol tech consolidates: VIP acquires Encompass Technologies, merging two of the largest supplier/distributor/retailer software platforms (terms undisclosed). https://cerros.ai/blog/2026-09-15 https://cerros.ai/blog/2026-09-15 Tue, 15 Sep 2026 12:00:00 GMT The 72-hour window was unusually quiet (a weekend plus early week): the verified news skewed to distribution realignments, spirits/wine launches, and AI-for-content economics rather than big M&A. https://cerros.ai/blog/2026-09-14 https://cerros.ai/blog/2026-09-14 Mon, 14 Sep 2026 12:00:00 GMT Foodservice distribution converges on San Antonio as IFDA's newly merged Solutions Conference opens (Sept 13–15). Kroger installs an ex-Walmart operations veteran as its store-ops chief today, effective mid-turnaround. https://cerros.ai/blog/2026-09-13 https://cerros.ai/blog/2026-09-13 Sun, 13 Sep 2026 12:00:00 GMT Southern Glazer's agreed to pay $12.5M to settle a DOJ/TTB probe into buyer inducements — a concrete federal price tag on three-tier trade-practice compliance. https://cerros.ai/blog/2026-09-12 https://cerros.ai/blog/2026-09-12 Sat, 12 Sep 2026 12:00:00 GMT Southern Glazer's stood up a new "Gold Division" to steward its Anheuser-Busch business across markets, naming an ex-AB InBev integrations VP to run it. https://cerros.ai/blog/2026-09-11 https://cerros.ai/blog/2026-09-11 Fri, 11 Sep 2026 12:00:00 GMT Kroger cut its full-year same-store-sales guidance and booked a ~$2.6B write-down tied to its automated e-commerce fulfillment network; shares fell despite in-line adjusted EPS. https://cerros.ai/blog/2026-09-10 https://cerros.ai/blog/2026-09-10 Thu, 10 Sep 2026 12:00:00 GMT Athletic Brewing hands equity to NFL quarterbacks Drake Maye and Dak Prescott, deepening the non-alc category's celebrity-owner playbook. https://cerros.ai/blog/2026-09-09 https://cerros.ai/blog/2026-09-09 Wed, 09 Sep 2026 12:00:00 GMT Distribution consolidation grinds on: Ohio Eagle Distributing's sale to Redwood closes Sept. 8, cutting 178 Ohio jobs. Southern Glazer's launches a twice-yearly "Raise the Bar" report — spirits-based RTDs now drive 94% of U.S. https://cerros.ai/blog/2026-09-08 https://cerros.ai/blog/2026-09-08 Tue, 08 Sep 2026 12:00:00 GMT UNFI closed fiscal 2026 with net sales down 2.0% to $31.2B but issued higher FY2027 profit guidance and guided to a return to top-line growth. H-E-B became the exclusive grocery and pharmacy partner of the Dallas Cowboys in a multi-year deal unveiled today. https://cerros.ai/blog/2026-09-07 https://cerros.ai/blog/2026-09-07 Mon, 07 Sep 2026 12:00:00 GMT Labor Day fell inside the window, so net-new corporate news thinned out; the qualifying material skews to weekly data, fresh launches, and imminent catalysts. Congress locked in another one-month delay of the federal hemp-THC ban to Dec. https://cerros.ai/blog/2026-09-06 https://cerros.ai/blog/2026-09-06 Sun, 06 Sep 2026 12:00:00 GMT Breckenridge Distillery expands its distribution partnership with Southern Glazer's into New York and California — craft spirits still finding shelf space amid distributor consolidation. https://cerros.ai/blog/2026-09-05 https://cerros.ai/blog/2026-09-05 Sat, 05 Sep 2026 12:00:00 GMT Pennsylvania PE firm Saothair completed its purchase of CCR American Holdings ("FIFCO USA") from Distribuidora La Florida, a Heineken N.V. https://cerros.ai/blog/2026-09-04 https://cerros.ai/blog/2026-09-04 Fri, 04 Sep 2026 12:00:00 GMT Congress bought the hemp-beverage category a one-month reprieve, pushing the federal hemp-THC ban to Dec. 11. NIQ's latest weekly scans show off-premise bev-alc still flat through Labor Day, keeping beer-led distributor volumes soft. https://cerros.ai/blog/2026-09-03 https://cerros.ai/blog/2026-09-03 Thu, 03 Sep 2026 12:00:00 GMT Martignetti keeps rolling up New England beer distribution, striking a deal for Massachusetts A-B/Constellation house Girardi Distributors. https://cerros.ai/blog/2026-09-02 https://cerros.ai/blog/2026-09-02 Wed, 02 Sep 2026 12:00:00 GMT Yum! Brands completes the ~$1.5B sale of Pizza Hut (ex-China) to LongRange Capital, closing a two-part exit worth ~$2.7B in aggregate. https://cerros.ai/blog/2026-09-01 https://cerros.ai/blog/2026-09-01 Tue, 01 Sep 2026 12:00:00 GMT Keurig Dr Pepper exits its Chobani minority stake for $800M and sells its Allentown plant to Chobani for ~$125M — roughly $925M in pre-tax proceeds earmarked for debt reduction. https://cerros.ai/blog/2026-08-31 https://cerros.ai/blog/2026-08-31 Mon, 31 Aug 2026 12:00:00 GMT Domino's launches "the Domino," its first personal-size pizza, nationwide today (Aug. 31) — a rare menu-architecture move built around single-serve and customization. https://cerros.ai/blog/2026-08-30 https://cerros.ai/blog/2026-08-30 Sun, 30 Aug 2026 12:00:00 GMT RNDC's market-by-market unwind gains a buyer: Morales Beverage Group signs an LOI for the distributor's Indiana business, its sixth state. Best Buy beats and raises, crediting margin gains to its Marketplace and Best Buy Ads retail-media units. https://cerros.ai/blog/2026-08-29 https://cerros.ai/blog/2026-08-29 Sat, 29 Aug 2026 12:00:00 GMT The strict 72-hour window (Aug 26–29) was genuinely quiet at the mega-cap tier; the real signal is mid-tier — functional launches, a mall-based retail-media network, and enterprise-AI commerce. https://cerros.ai/blog/2026-08-28 https://cerros.ai/blog/2026-08-28 Fri, 28 Aug 2026 12:00:00 GMT A Walmart/Albertsons/H-E-B produce supplier, indoor-farmer 80 Acres, filed Chapter 7 — the freshest node in a summer-long grocery-supply distress wave. https://cerros.ai/blog/2026-08-27 https://cerros.ai/blog/2026-08-27 Thu, 27 Aug 2026 12:00:00 GMT Dollar Tree posted a Q2 beat (net sales +7% to $4.9B, comps +3.7%) and raised its FY26 EPS outlook, with gross margin lifted 850 bps largely on tariff refunds. Dollar General, Best Buy, Burlington and Gap all report today, making Aug. https://cerros.ai/blog/2026-08-26 https://cerros.ai/blog/2026-08-26 Wed, 26 Aug 2026 12:00:00 GMT Big-box apparel earnings split the tape: Abercrombie & Fitch beat and lifted its sales outlook yet fell ~10% on a cautious macro tone, while Foot Locker cratered on a ~9% comp decline and a guidance cut. https://cerros.ai/blog/2026-08-25 https://cerros.ai/blog/2026-08-25 Tue, 25 Aug 2026 12:00:00 GMT Distribution & DSD produced no qualifying large-distributor development strictly inside the last 72 hours; the freshest deals (RNDC–Kentucky/KEG 1, C&S–Winn-Dixie) all pre-date Aug. 22. https://cerros.ai/blog/2026-08-24 https://cerros.ai/blog/2026-08-24 Mon, 24 Aug 2026 12:00:00 GMT Large-distributor M&A stayed quiet inside the strict 72-hour window; the freshest DSD moves all date to Aug. 13–18 and fall outside it. Sprouts keeps its aggressive 2026 build-out going with a grand-opening weekend (Aug. https://cerros.ai/blog/2026-08-23 https://cerros.ai/blog/2026-08-23 Sun, 23 Aug 2026 12:00:00 GMT Distribution stress widened: broadline wholesaler Essendant filed WARN notices for 1,278 jobs and flagged liquidation risk, while Tyson wound down two beef plants inside a 7,000+ job distribution/logistics distress wave. https://cerros.ai/blog/2026-08-22 https://cerros.ai/blog/2026-08-22 Sat, 22 Aug 2026 12:00:00 GMT Distribution & DSD is the one quiet pillar this edition: repeated date-qualified searches surfaced no large-distributor development inside the strict 72-hour window. https://cerros.ai/blog/2026-08-21 https://cerros.ai/blog/2026-08-21 Fri, 21 Aug 2026 12:00:00 GMT Off-price keeps outrunning the mainline consumer: Ross Stores' Q2 sales rose 13% and comps 10%, and it raised its full-year outlook (Aug 21). https://cerros.ai/blog/2026-08-20 https://cerros.ai/blog/2026-08-20 Thu, 20 Aug 2026 12:00:00 GMT Walmart reports fiscal Q2 this morning, closing big-box earnings week; its advertising and membership businesses — together roughly a third of operating income — are the numbers brands will watch. https://cerros.ai/blog/2026-08-19 https://cerros.ai/blog/2026-08-19 Wed, 19 Aug 2026 12:00:00 GMT Target's Q2 revenue beat ($26.54B) but leaned on a $752M tariff-refund windfall — underlying demand read is still cautious as new CEO Fiddelke reboots the assortment. https://cerros.ai/blog/2026-08-18 https://cerros.ai/blog/2026-08-18 Tue, 18 Aug 2026 12:00:00 GMT Home Depot beat Q2 estimates (comps +1.7%, best since late 2022) but flagged a still-cautious, big-ticket-shy consumer — a read-through into this week's Target and Walmart prints. https://cerros.ai/blog/2026-08-17 https://cerros.ai/blog/2026-08-17 Mon, 17 Aug 2026 12:00:00 GMT A heavy big-box earnings week opens today: Home Depot (Aug 18), Target and TJX (Aug 19) and Walmart (Aug 20) all report Q2, giving brands a fresh read on grocery and discretionary demand. https://cerros.ai/blog/2026-08-16 https://cerros.ai/blog/2026-08-16 Sun, 16 Aug 2026 12:00:00 GMT C&S Wholesale Grocers, a major grocery wholesaler, moved to take majority ownership of the Winn-Dixie/Harveys banner, deepening its push into owned retail. https://cerros.ai/blog/2026-08-15 https://cerros.ai/blog/2026-08-15 Sat, 15 Aug 2026 12:00:00 GMT Performance Food Group closed fiscal 2026 with $67.8B in net sales and guided FY2027 to $72.5–73.0B, a read on broadline foodservice demand. https://cerros.ai/blog/2026-08-14 https://cerros.ai/blog/2026-08-14 Fri, 14 Aug 2026 12:00:00 GMT T.J. Sheehan Distributing is buying Central NY's Eagle Beverage, adding ~3M cases and pushing past 30M annually as beer wholesaler consolidation continues. https://cerros.ai/blog/2026-08-13 https://cerros.ai/blog/2026-08-13 Thu, 13 Aug 2026 12:00:00 GMT FDA proposed a mandatory GRAS notification rule (published Aug 11), a decades-in-the-making move to close the "self-affirmed safe" ingredient loophole. https://cerros.ai/blog/2026-08-12 https://cerros.ai/blog/2026-08-12 Wed, 12 Aug 2026 12:00:00 GMT A Ninth Circuit panel let Perplexity's Comet agent resume shopping on Amazon, a marker in the fight over whether third-party AI agents can operate inside retailers' walled gardens. https://cerros.ai/blog/2026-08-11 https://cerros.ai/blog/2026-08-11 Tue, 11 Aug 2026 12:00:00 GMT 7UP began its biggest reformulation in 15+ years, shifting to a lime-forward "7UP Lime Lemon" recipe rolling out nationwide from mid-August. https://cerros.ai/blog/2026-08-10 https://cerros.ai/blog/2026-08-10 Mon, 10 Aug 2026 12:00:00 GMT Tilray will cease brewing at Terrapin's Athens, GA brewery starting Sept. 25, folding volume into Redhook, Atwater, Hop Valley and Revolver as its "beyond-beer" optimization continues. https://cerros.ai/blog/2026-08-09 https://cerros.ai/blog/2026-08-09 Sun, 09 Aug 2026 12:00:00 GMT Krispy Kreme's (Aug. 6) Q2 showed the asset-light turnaround working: adjusted EBITDA jumped ~43% and the net loss narrowed sharply as refranchising shrank reported revenue. Post Holdings (Aug. https://cerros.ai/blog/2026-08-08 https://cerros.ai/blog/2026-08-08 Sat, 08 Aug 2026 12:00:00 GMT The supplier named Johnson Brothers its distributor across Indiana, Nebraska, North Dakota and South Dakota for a portfolio that includes Glenfiddich, The Balvenie, Hendrick's, Monkey Shoulder, Tullamore D.E.W., Milagro… https://cerros.ai/blog/2026-08-07 https://cerros.ai/blog/2026-08-07 Fri, 07 Aug 2026 12:00:00 GMT The largest U.S. Coca-Cola bottler reported Aug. 5 that net sales rose 10.6% to $2.05B on 7.6% volume growth, but roughly $45M of additional aluminum costs — tied to tariffs and supply constraints — cut gross margin 210… https://cerros.ai/blog/2026-08-06 https://cerros.ai/blog/2026-08-06 Thu, 06 Aug 2026 12:00:00 GMT Keurig Dr Pepper topped Q2 estimates as energy (GHOST, C4) surged while U.S. coffee got squeezed by green-coffee inflation; shares rose and guidance held firm. https://cerros.ai/blog/2026-08-05 https://cerros.ai/blog/2026-08-05 Wed, 05 Aug 2026 12:00:00 GMT P&G is buying supplement brand Thorne for $3.8B from L Catterton — the marquee live wellness comp at ~7.6x revenue (derived). Sysco closed FY2026 with a Q4 beat ($22.1B sales, $1.53 adj EPS) and guided FY27 to 9–11% adjusted EPS growth. https://cerros.ai/blog/2026-08-04 https://cerros.ai/blog/2026-08-04 Tue, 04 Aug 2026 12:00:00 GMT Sysco reports Q4/FY2026 today, the capstone to a year defined by its pending ~$29.1B Restaurant Depot cash-and-carry deal. Reyes Beverage Group's territory build continues as tequila brand Cazcanes moves onto its trucks across six states effective Aug. 1. https://cerros.ai/blog/2026-08-03 https://cerros.ai/blog/2026-08-03 Mon, 03 Aug 2026 12:00:00 GMT The world's largest food-away-from-home distributor (337 distribution centers, ~730,000 customer locations, $81B+ FY25 sales) reports before the open; analysts model adjusted EPS of ~$1.42, up ~2% YoY, and full-year… https://cerros.ai/blog/2026-08-02 https://cerros.ai/blog/2026-08-02 Sun, 02 Aug 2026 12:00:00 GMT Southern Glazer's keeps absorbing displaced brands post-RNDC, adding Noblewood USA's Beluga Vodka and Oyster Gin across 38 states effective Aug. 1. https://cerros.ai/blog/2026-08-01 https://cerros.ai/blog/2026-08-01 Sat, 01 Aug 2026 12:00:00 GMT Couche-Tard struck the biggest deal in its history: a ~$8.7B move for Poland's Żabka convenience empire — international c-store consolidation, not U.S. branded CPG, is where the money went this window. https://cerros.ai/blog/2026-07-31 https://cerros.ai/blog/2026-07-31 Fri, 31 Jul 2026 12:00:00 GMT PepsiCo flips a 50-year Coca-Cola account, winning the Tampa Bay Buccaneers' full-portfolio pouring rights at Raymond James Stadium. Whole Foods opens a new full-format store in Eatontown, NJ, extending Amazon's grocery footprint in the Northeast. https://cerros.ai/blog/2026-07-30 https://cerros.ai/blog/2026-07-30 Thu, 30 Jul 2026 12:00:00 GMT Two consumer names — Jersey Mike's (~$1B) and Reformation ($15/share) — priced IPOs the same evening (July 29) and both begin NYSE trading today, the clearest sign yet the consumer listing window is reopening. https://cerros.ai/blog/2026-07-29 https://cerros.ai/blog/2026-07-29 Wed, 29 Jul 2026 12:00:00 GMT RNDC filed for Chapter 11 (Southern District of Texas) on July 26, formally winding down what was once America's No. 2 wine-and-spirits distributor; largest unsecured creditor Proximo Spirits is owed ~$93.9M. https://cerros.ai/blog/2026-07-28 https://cerros.ai/blog/2026-07-28 Tue, 28 Jul 2026 12:00:00 GMT Coca-Cola's Q2 beat (revenue +7% to $13.38B, volume +5% across every segment) and another guidance raise say large-cap beverage demand is holding despite value-seeking shoppers. https://cerros.ai/blog/2026-07-27 https://cerros.ai/blog/2026-07-27 Mon, 27 Jul 2026 12:00:00 GMT Amazon's hard 75-character product-title cap and new searchable "Item Highlights" field take effect today (July 27), reshaping how every seller structures listings for search and AI discovery. https://cerros.ai/blog/2026-07-26 https://cerros.ai/blog/2026-07-26 Sun, 26 Jul 2026 12:00:00 GMT Anthropic shipped Claude Opus 5 on Thursday — near-frontier agentic coding and computer use at unchanged $5/$25 Opus pricing, pulling flagship AI costs down for brand operators. https://cerros.ai/blog/2026-07-25 https://cerros.ai/blog/2026-07-25 Sat, 25 Jul 2026 12:00:00 GMT A bipartisan bill (Barr–Craig) would put hemp-THC beverages under an alcohol-style, taxed distribution framework — potentially reshaping the three-tier system for the fast-growing category. https://cerros.ai/blog/2026-07-24 https://cerros.ai/blog/2026-07-24 Fri, 24 Jul 2026 12:00:00 GMT Distributor consolidation keeps shedding jobs: RNDC filed conditional WARN notices for 641 Michigan workers as Martignetti's control-state takeover nears close. https://cerros.ai/blog/2026-07-23 https://cerros.ai/blog/2026-07-23 Thu, 23 Jul 2026 12:00:00 GMT Vita Coco acquired super-premium coconut-water maker Copra for $175M (plus earnout), pushing upmarket in a fast-growing category. https://cerros.ai/blog/2026-07-22 https://cerros.ai/blog/2026-07-22 Wed, 22 Jul 2026 12:00:00 GMT Reyes' Capital Reyes unit picks up spirits-based RTD Lake Hour in Texas, another brand-level pickup as the middle tier keeps re-sorting post-RNDC. 7-Eleven detailed a plan to close or convert 645 U.S. stores in fiscal 2026 while leaning harder into fresh food. https://cerros.ai/blog/2026-07-21 https://cerros.ai/blog/2026-07-21 Tue, 21 Jul 2026 12:00:00 GMT C&S Group hosts its fiscal Q3 earnings call today (July 21), giving a fresh read on the health of the largest U.S. grocery wholesaler amid soft food-at-home demand. https://cerros.ai/blog/2026-07-20 https://cerros.ai/blog/2026-07-20 Mon, 20 Jul 2026 12:00:00 GMT Slow weekend-and-Monday news window: most standing storylines (RNDC/Reyes consolidation, Southern Glazer's restructuring, Kroger–Giant Eagle) had no fresh developments in the past 72 hours and are excluded as already covered. https://cerros.ai/blog/2026-07-19 https://cerros.ai/blog/2026-07-19 Sun, 19 Jul 2026 12:00:00 GMT PepsiCo Beverages is closing warehouse operations at its Tulsa, OK facility (184 jobs, effective Nov. 15) and shifting the work to a new area warehouse — production at the site continues. Circana's new June read (released July 16) shows U.S. https://cerros.ai/blog/2026-07-18 https://cerros.ai/blog/2026-07-18 Sat, 18 Jul 2026 12:00:00 GMT Bain/CNBC: U.S. grocery units fell 1.8% in June YoY — a sharp reversal from +0.1% a year ago, as volume declines now outpace the pricing cushion. Southern Glazer's is cutting ~1% of its U.S. https://cerros.ai/blog/2026-07-17 https://cerros.ai/blog/2026-07-17 Fri, 17 Jul 2026 12:00:00 GMT Southern Glazer's is cutting ~1% of staff (up to ~219–240 roles) as it shifts to an AI-enabled "hybrid" sales model and drops "Wine & Spirits" from its name — its second 1% reduction of 2026. https://cerros.ai/blog/2026-07-16 https://cerros.ai/blog/2026-07-16 Thu, 16 Jul 2026 12:00:00 GMT Southern Glazer's is cutting ~1% more staff (up to ~250 jobs) and dropping "Wine & Spirits" from its name as it pivots to a hybrid, AI-assisted sales model and beer/NA/RTD. https://cerros.ai/blog/2026-07-15 https://cerros.ai/blog/2026-07-15 Wed, 15 Jul 2026 12:00:00 GMT UPDATE: Southern Glazer's is cutting ~1% of its U.S. workforce (up to ~219–250 roles) and folding field, inside and digital sales into an AI-enabled "Customer Solutions Team. https://cerros.ai/blog/2026-07-14 https://cerros.ai/blog/2026-07-14 Tue, 14 Jul 2026 12:00:00 GMT Circana's new 2026/2027 Global F&B Outlook (July 13) declares a "period of rationalization": U.S. food & bev up just 2.2% in H1 on price, with volumes flat and expected to stay flat through year-end. https://cerros.ai/blog/2026-07-13 https://cerros.ai/blog/2026-07-13 Mon, 13 Jul 2026 12:00:00 GMT Reyes keeps consolidating the middle tier: Sazerac hands its full spirits/RTD portfolio in Colorado to Reyes's newly acquired RBG branch, extending a multistate partnership. Southern Glazer's Wine & Spirits is rebranding to "Southern Glazer's Beverage Co. https://cerros.ai/blog/2026-07-12 https://cerros.ai/blog/2026-07-12 Sun, 12 Jul 2026 12:00:00 GMT Reyes keeps absorbing the post-RNDC map: Sazerac moves its full spirits/RTD portfolio to Reyes in Colorado, and Wilson Daniels realigns to Reyes (7 states) and Johnson Brothers (5 states). Southern Glazer's confirms ~1% U.S. https://cerros.ai/blog/2026-07-11 https://cerros.ai/blog/2026-07-11 Sat, 11 Jul 2026 12:00:00 GMT US Foods and Performance Food Group formally end merger talks, citing regulatory concerns — leaving the foodservice "big three" intact. https://cerros.ai/blog/2026-07-10 https://cerros.ai/blog/2026-07-10 Fri, 10 Jul 2026 12:00:00 GMT Kroger struck its first big post-Albertsons deal: a ~$1.65B acquisition of Giant Eagle (~197 stores), pushing deeper into the Northeast/Midwest and adding retail-media scale. https://cerros.ai/blog/2026-07-09 https://cerros.ai/blog/2026-07-09 Thu, 09 Jul 2026 12:00:00 GMT PepsiCo Q2 beat on revenue ($24.18B, +6.4%) but missed EPS by a penny as North America stayed soft and international carried growth; FY guidance held. https://cerros.ai/blog/2026-07-08 https://cerros.ai/blog/2026-07-08 Wed, 08 Jul 2026 12:00:00 GMT Reyes keeps swallowing the alcohol tier: fresh off closing its 11-state RNDC buyout, it just added Sazerac's full spirits + RTD book in Colorado (7/7), pushing wine/spirits revenue toward ~$7B and #3 rank.