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"Promotional activity negatively impacted top line trends and profitability in fiscal year 2010, and lackluster consumption trends limit the company's ability to generate significant bottom-line growth".
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While Greece must tighten its fiscal spending, it also needs Europe's champion exporter and surplus holder to chip in to help raise foreign demand for Greek exports and also do something about its own lackluster consumer consumption.
Based in Victor, N.Y., Constellation holds more than 100 brands in its portfolio and is the third-largest producer and marketer of beer in the U.S. Its strategy has been to accumulate as many brands as possible to overcome lackluster growth in booze consumption, Petrillo of IbisWorld said.
Since then, aggregate consumption growth has been lackluster, as middle- and lower-income families have been forced to reduce their borrowing and pay down their debt, often through painful defaults on their homes -- their primary (and often their only) asset.
Consumption at home has also been lackluster as the center-right coalition government has instituted tough austerity measures, including raising sales taxes and slashing spending.
"You could get lucky, maybe have a very cold winter that would push the demand for heating oil," Lonski said, "but it's unlikely that the retail consumption of gasoline is about to rise dramatically, given the lackluster outlook for the unfolding economic recovery".
Lackluster hair?
The lackluster I.P.O.
He is lackluster".
Why the lackluster performance?
Growth remains lackluster.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com