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Constellation Brands' Continued Beer Strength Offsets Its Wine And Spirits Weakness
Monday, April 15, 2024 - 9:52am | 604Despite a decline in the wine and spirits business, Constellation Brands (NYSE: STZ) outperformed its expectations with beer sales with its latest quarterly report. Constellation Brands, whose operations span across the U.S., Mexico, New Zealand, and Italy, ...
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Mixed Bag For Constellation Brands: Earnings Reveal Strong Profits Amid Sales Forecast Cut
Friday, January 5, 2024 - 1:39pm | 555Constellation Brands Inc (NYSE:STZ) announced its earnings results Friday for the three months ending on November 30, 2023, showing mixed outcomes. The wine and spirits distributor reported a rise in net income to $509.1 million, or $2.76 per share, up from $467.7 million, or $2.52 per share, in...
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Constellation Brands CEO: 'We're Going To Take A Significant Share' Of Seltzer Market
Sunday, January 10, 2021 - 12:45pm | 355Alcohol company Constellation Brands, Inc. (NYSE: STZ) managed to offset lost sales from bars and restaurants amid pandemic restrictions by targeting consumers at home with "brands that people trust," CEO Bill Newlands said Thursday on CNBC's "Mad Money." Q3 Beat:...
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Constellation Brands CEO Says Alcohol Company Had 'Superb' March
Monday, April 6, 2020 - 2:41pm | 446Alcohol company Constellation Brands, Inc. (NYSE: STZ) is seeing a minimal impact to sales from the coronavirus, as shutdowns work to "our advantage," CEO Bill Newlands told CNBC "Mad Money" host Jim Cramer in a Friday interview. 'Superb' March For Constellation One...
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Constellation Brands CEO Talks Beer, Seltzer, Canopy Investment With Cramer
Thursday, January 9, 2020 - 1:17pm | 670Constellation Brands, Inc. (NYSE: STZ) reported fiscal third-quarter results Wednesday, and CEO Bill Newlands was a guest on CNBC's "Mad Money" to offer his take. 'Scratching The Surface' With Modelo Constellation's Modelo Especial is not only one of the few beer...
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Constellation Brands Sells Black Velvet Whisky Brand
Tuesday, August 13, 2019 - 9:00am | 330Constellation Brands, Inc. (NYSE: STZ) said in a press release it reached an agreement to sell its Black Velvet Canadian Whisky brand as part of an ongoing "premiumization strategy." What Happened Constellation Brands agreed to sell the Black Velvet Canadian Whisky and associated...
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Analyst: Constellation's Wine Sale Will Likely Be Dilutive For 3 Years
Thursday, April 4, 2019 - 12:16pm | 373Alcohol company Constellation Brands, Inc. (NYSE: STZ) reached an agreement Wednesday to sell around 30 brands from its wine and spirits portfolio. What Happened Constellation Brands, perhaps best known for its Corona beer, will divest more than two dozen brands that retail for $11 and below,...
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Analysts Continue To Like Constellation Brands
Thursday, January 17, 2019 - 2:08pm | 720Constellation Brands, Inc. (NYSE: STZ) held a presentation this week with Street analysts to discuss its beer business outlook, which left at least two analysts positive on the outlook. The Main Takeaways Constellation Brands' presentation was led by incoming CEO Bill Newlands, Beer President...