Constellation Brands (STZ) News
Market Cap: $43.69B
Avg Volume: 1.15M
Industry: Beverages - Wineries & Distilleries
Sector: Consumer Defensive
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Use Tool'The choice of the people': How Modelo and Corona maker Constellation Brands won the loyalty of Hispanic consumers in the U.S.
Hispanic- and Latino-identifying consumers accounted for 32.5% of Constellation Brands' sales in 2023, data from Numerator and Jefferies shows. Continued loyalty from these shoppers is partly responsible for Modelo hanging onto its spot as the most-bought U.S. beer by dollar share.
cnbc.com
Read MoreA Preview Of Earnings
Nike's earnings reveal ongoing struggles with lower sales volumes, particularly in China, despite higher average selling prices, highlighting potential consumer softness even before recent stimulus efforts. Conagra's shift from 'price over volume' is becoming problematic, as both price and volume declines suggest broader challenges for consumer goods companies navigating a less forgiving market environment. Constellation Brands outshined peers by leveraging competitor setbacks, achieving higher volumes and better pricing while reinvesting improved margins into marketing to strengthen brand positioning.
seekingalpha.com
Read MoreConstellation Brands Appoints E. Yuri Hermida as New EVP, Chief Growth & Strategy Officer
ROCHESTER, N.Y., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Constellation Brands (NYSE: STZ), a leading beverage alcohol company, today announced the appointment of E. Yuri Hermida as the company's new Executive Vice President, Chief Growth & Strategy Officer. In this role, Hermida will be responsible for Consumer Insights & Innovation, Digital, Transformation, Media, New Business Ventures, and Strategy & Analytics. He will report directly to Bill Newlands, President and Chief Executive Officer, and will serve as a member of Constellation's executive management committee.
globenewswire.com
Read MoreBig beer brands' struggles seem likely to continue into next year, analyst says
Shares of some of the nation's biggest brewers have slipped so far this year — and the months ahead don't look a whole lot better amid shakier demand in the U.S. and abroad, TD Cowen analysts said Tuesday.
marketwatch.com
Read MoreConstellation Brands Eyes Growth as Beer Sales Lead the Way
Constellation Brands Inc. NYSE: STZ sells beer, wine and spirits. Its portfolio of alcoholic beverage brands is familiar to anyone who's been to a sports bar, had drinks dining in a restaurant or attended a backyard barbecue on a sweltering summer afternoon.
marketbeat.com
Read MoreConstellation Brands: Underlying Demand Should Recover
I maintain a buy rating for Constellation Brands due to expected >10% earnings growth, driven by margin expansion and improving demand. STZ reported strong Q2 results with adj EPS of $4.32, beating estimates, and significant EBIT margin expansion, particularly in the beer segment. Despite weak beer depletion growth, STZ continues to gain market share, and recent data shows improving demand trends, indicating a recovery.
seekingalpha.com
Read MoreConstellation Brands Downgraded Amid Subdued Beer Volume Growth Projections
Last week, Constellation Brands Inc. STZ reported second-quarter adjusted earnings per share of $4.32, beating the analyst consensus of $4.08. Quarterly revenues of $2.92 billion beat the street view of $2.90 billion.
benzinga.com
Read MoreConstellation Brands CEO on tariffs: We had a successful run during Trump administration
Constellation Brands CEO Bill Newlands, joins 'Mad Money' host Jim Cramer to talk earnings, international business and beer market share.
youtube.com
Read MoreConstellation Brands CEO downplays worries about higher tariffs if Trump wins
In a Friday interview with CNBC's Jim Cramer, Constellation Brands CEO Bill Newlands brushed off concerns about the possibility of higher tariffs. Former President Donald Trump has threatened to impose blanket tariffs as high as 20% on imported goods from all countries.
cnbc.com
Read MoreConstellation Brands Posts Q2 Beat, But Analysts Express Concern Around Back-Half Performance
Constellation Brands, Inc. STZ announced upbeat earnings for its second quarter on Thursday.
benzinga.com
Read MoreCramer's Stop Trading: Constellation Brands
CNBC's Jim Cramer explains why he is keeping an eye on shares of Constellation Brands.
youtube.com
Read MoreDecoding Constellation Brands Inc (STZ): A Strategic SWOT Insight
Constellation Brands Inc (STZ, Financial), a leading beverage alcohol company, filed its 10-Q report on October 3, 2024, revealing a mixed financial performance. The company reported net sales of $5,580.7 million for the six months ended August 31, 2024, a modest increase from the previous year's $5,351.7 million.
gurufocus.com
Read MoreConstellation Brands shares fall as weak wine and spirits sales weigh on quarterly performance
Constellation Brands Inc (NYSE:STZ) shares moved more than 4% lower after the producer and marketer of beer, wine and spirits posted mixed results for the second quarter of fiscal 2025. Revenue of $2.92 billion was short of the $2.95 billion expected by Wall Street analysts.
proactiveinvestors.com
Read MoreConstellation Brands, Inc. (STZ) Q2 2025 Earnings Call Transcript
Constellation Brands, Inc. (NYSE:STZ ) Q2 2025 Earnings Conference Call October 3, 2024 10:30 AM ET Company Participants Joseph Suarez - SVP, IR Bill Newlands - CEO Garth Hankinson - CFO Conference Call Participants Kaumil Gajrawala - Jefferies Dara Mohsenian - Morgan Stanley Bonnie Herzog - Goldman Sachs Nik Modi - RBC Capital Markets Andrea Teixeira - JPMorgan Peter Grom - UBS Michael Lavery - Piper Sandler Filippo Falorni - Citi Robert Moskow - TD Cowen Bill Kirk - ROTH Capital Partners Operator Hello, and welcome to the Constellation Brands' Q2 Fiscal Year 2025 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.
seekingalpha.com
Read MoreConstellation Brands Stock Falls as Results Hurt by Weak Wine and Spirits Sales
Constellation Brands (STZ), the maker of Corona and Modelo beers, posted mixed second-quarter results as wine and spirits sales sank.
investopedia.com
Read MoreSTZ Q2 Earnings Beat, Sales Miss on Soft Wine & Spirits Business
Constellation Brands' Q2 results reflect gains from strong shipment and depletion volumes in the beer business, offset by a soft wine & spirits segment.
zacks.com
Read MoreConstellation Brands Q2 Earnings: Beer Shines, Wine Struggles
Constellation Brands (STZ -2%) reported mixed results for Q2, with its beer segment thriving while the wine and spirits division faced challenges. The company's beer business saw increased sales and shipment volumes, capturing more market share and resulting in a double-digit earnings beat and revenue growth.
gurufocus.com
Read MoreRed-Hot Beverage Stock Pivots Lower on Revenue Miss
Constellation Brands, Inc. (NYSE:STZ) stock is brushing off a fiscal second-quarter earnings beat, after the beverage name also reported a revenue miss.
schaeffersresearch.com
Read MoreConstellation Brands (STZ) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Constellation Brands (STZ) give insight into how the company performed in the quarter ended August 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
zacks.com
Read MoreConstellation Brands (STZ) Q2 Earnings Top Estimates
Constellation Brands (STZ) came out with quarterly earnings of $4.32 per share, beating the Zacks Consensus Estimate of $4.11 per share. This compares to earnings of $3.70 per share a year ago.
zacks.com
Read MoreConstellation Brands books large loss on wine and spirits, but beer sales rise
Constellation Brands's stock fell Thursday, after the parent of Modelo and Corona beer brands beat adjusted profit expectations, but only after excluding a large non-cash loss booked for writing down the value of its wine and spirits business.
marketwatch.com
Read MoreConstellation Brands (STZ) Q2 FY2025 Earnings: Revenue Beats at $2.
On October 3, 2024, Constellation Brands Inc (STZ, Financial) released its 8-K filing for the second quarter of fiscal year 2025. The company, a leading provider of alcoholic beverages in the U.S., reported a mixed financial performance, with earnings per share (EPS) falling short of analyst estimates but revenue surpassing expectations.
gurufocus.com
Read MoreConstellation Brands Posts Mixed Earnings. The Stock Moves Higher.
The alcoholic-beverage company beats earnings estimates but falls short on sales expectations.
barrons.com
Read MoreConstellation Brands Reports Second Quarter Fiscal 2025 Financial Results
ROCHESTER, N.Y., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, reported today its second quarter fiscal 2025 financial results. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Chief Financial Officer, Garth Hankinson, on Thursday, October 3, 2024 at 10:30 a.m. EDT. Visit ir.cbrands.com to locate information for joining the conference call, or a live, listen-only webcast of the conference call.
globenewswire.com
Read MoreConstellation Brands Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Constellation Brands, Inc. STZ will release earnings results for its second quarter, before the opening bell on Thursday, Oct. 3.
benzinga.com
Read MoreCan Corona and Modelo Give Constellation Brands (STZ) an Earnings Beat?
@LikeFolio's Andy Swan says Constellation Brands (STZ) reported 57 consecutive quarters of growth in its beer business. So, what's the issue?
youtube.com
Read MoreUnveiling Constellation Brands (STZ) Q2 Outlook: Wall Street Estimates for Key Metrics
Beyond analysts' top -and-bottom-line estimates for Constellation Brands (STZ), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended August 2024.
zacks.com
Read MoreSTZ Q2 Earnings: Will Soft Wine & Spirits Trends to Mar Results?
Soft demand trends and category headwinds in the wine & spirits business are expected to affect Constellation Brands in Q2, offset by a resilient beer segment.
zacks.com
Read MoreStocks to watch next week: Tilray, Nike, Carnival, Constellation Brands
American stocks performed great this week, thanks to the recent decision by the Federal Reserve to cut interest rates and the robust stimulus provided by Chinese authorities. The Dow Jones rose for three consecutive weeks, reaching a record high of $42,310.
invezz.com
Read MoreConstellation Brands (STZ) Earnings Expected to Grow: Should You Buy?
Constellation Brands (STZ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
zacks.com
Read More4 Alcohol Industry Stocks to Navigate Industry Challenges
The Zacks Beverages - Alcohol industry is navigating a tough landscape marked by inflation and rising costs for commodities and logistics. Key players like BUD, STZ, TAP and NAPA are positioned to leverage investments in innovation, premiumization and advanced technology platforms.
zacks.com
Read MoreSTZ Trims FY25 Expectations on Troubles in Wine & Spirits Business
Constellation Brands slashes the fiscal 2025 guidance on soft demand trends in the Wine and Spirits business due to tough macroeconomic conditions, particularly unemployment.
zacks.com
Read MoreModelo Maker Constellation Brands Bumps Up Its Outlook
Constellation Brands (STZ) raised the lower end of its outlook for fiscal 2025 adjusted earnings Tuesday, ahead of its second-quarter results due early next month.
investopedia.com
Read MoreBooze giant Constellation Brands warns of $2.5B writedown on weak wine demand
Constellation Brands nearly halved its yearly earnings outlook on weak US wine demand as consumers pull back on non-essentials amid sticky inflation.
nypost.com
Read MoreConstellation Brands, Inc. (STZ) Barclays 17th Annual Global Consumer Staples Conference (Transcript)
Constellation Brands, Inc. (NYSE:STZ ) Barclays 17th Annual Global Consumer Staples Conference September 3, 2024 11:15 AM ET Company Participants Bill Newlands - President and Chief Executive Officer Garth Hankinson - Executive Vice President and Chief Financial Officer Conference Call Participants Lauren Lieberman - Barclays Lauren Lieberman Thank you for being here and welcome to the 33rd Annual Barclays Global Consumer Staples Conference. As always, it's awesome to see so many familiar faces once again, and we also welcome some new faces that have joined our Staples family over the past year.
seekingalpha.com
Read MoreConstellation Brands issues profit warning on ‘negative' wine and spirits trends
The alcoholic-beverages maker plans to take a goodwill impairment loss in its wine and spirits business of up to $2.5 billion.
marketwatch.com
Read MoreConstellation Brands Updates Fiscal 2025 Outlook
Updates reported EPS guidance to $3.05 - $7.92 and raises lower-end of comparable EPS guidance to $13.60 - $13.80, affirming double-digit comparable EPS growth expectation (1)
globenewswire.com
Read MoreConstellation Brands to Report Second Quarter Fiscal 2025 Financial Results; Host Conference Call October 3, 2024
ROCHESTER, N.Y., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today it will report financial results for its second quarter ending August 31, 2024, on Thursday, October 3, 2024, before the open of the U.S. markets. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Executive Vice President and Chief Financial Officer, Garth Hankinson, at 10:30 a.m. EDT, October 3, 2024.
globenewswire.com
Read MoreConstellation Brands to Present at the 2024 Barclays Global Consumer Staples Conference on Tuesday, September 3, 2024
ROCHESTER, N.Y., Aug. 23, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today that Bill Newlands, President and Chief Executive Officer, and Garth Hankinson, Executive Vice President and Chief Financial Officer, will participate in a fireside chat at the 2024 Barclays Global Consumer Staples Conference on Tuesday, September 3 in Boston, MA. The presentation is scheduled to begin at 11:15 a.m. EDT and is expected to cover the company's strategic business initiatives, financial metrics, and operating performance, as well as outlook for the future.
globenewswire.com
Read MoreConstellation Brands (STZ) Gains From Strong Beer Business
Backed by the strength in the beer business, Constellation Brands (STZ) is on track to invest in the next phase of capacity expansion in Mexico.
zacks.com
Read MoreThese 2 Consumer Staples Stocks Could Beat Earnings: Why They Should Be on Your Radar
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
zacks.com
Read MoreThe 3 Best Consumer Stocks to Buy in August 2024
Consumer stocks are in an interesting position. Numerous consumer discretionary stocks have been oversold amid growing economic uncertainty, while consumer defensive stocks are defensive plays that can protect against a volatile economy.
investorplace.com
Read MoreCONSTELLATION BRANDS EXPANDS NUMERATOR PANEL OF RECORD RELATIONSHIP
Visibility into Online & In-Store Channels Helps Contribute to Agility in Changing Market Visibility into Online & In-Store Channels Helps Contribute to Agility in Changing Market
globenewswire.com
Read MoreThe 3 Best Beverage Stock Giants to Buy Now
This earnings season presents a unique opportunity to diversify portfolios with the best beverage stocks. As summer temperatures soar, the beverage industry is primed for a significant surge in sales, drawing the attention of consumers and investors alike.
investorplace.com
Read MoreWhy Investors Need to Take Advantage of These 2 Consumer Staples Stocks Now
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
zacks.com
Read More3 Stock Winners and 4 Losers So Far in Q2 Earnings Season
Earnings season for this year's second quarter is getting into full-swing. As is almost always the case, the quarterly financial results have been a mixed bag.
investorplace.com
Read MoreWine stocks move higher after California competitor files for bankruptcy and delists
Vintage Wine Estates will try to sell all of its assets as it restructures following a liquidity crisis
marketwatch.com
Read MoreThe 3 Most Undervalued S&P 500 Stocks to Buy in July 2024
The benchmark S&P 500 index is at a record high, having just closed above the 5,600 level for the very first time. So far, in 2024, the index is up 18%, marking one of the best starts in its history and the best start ever to a presidential election year.
investorplace.com
Read MoreConstellation Brands Stock Q1 2025: Crushing Anheuser-Busch?
Constellation Brands NYSE: STZ is in the consumer staples sector and is the fourth-largest beverage company in the United States by market capitalization. The firm has underperformed the market and its sector over the past 12 months.
marketbeat.com
Read MoreThese Analysts Revise Their Forecasts On Constellation Brands After Q1 Results
Constellation Brands Inc. STZ posted better-than-expected first-quarter FY25 adjusted earnings on Wednesday.
benzinga.com
Read MoreConstellation Brands: Now Fairly Valued As Q1 Continues Growth Momentum (Rating Upgrade)
Constellation Brands reported Q1 results, continuing an expected growth performance driven by very strong beer growth and weaker wine & spirit sales. Q1 and the FY2025 guidance tracks STZ's mid-term 6-8% revenue growth target and margin expansion target into a 33-35% operating margin, laid out in the 2023 Investor Day. With the stagnant stock price, debt paydowns, impressive operating leverage, and beer growth momentum, the valuation now seems fair after I noted an overvaluation previously.
seekingalpha.com
Read MoreConstellation Brands: Beer Sales Should Remain Healthy
STZ has strong beer sales due to its loyal Hispanic customer base. Recent earnings show positive growth in beer segment, with potential for continued volume growth. Management guidance and historical performance suggest strong EPS growth, making the current valuation attractive.
seekingalpha.com
Read MoreCelebrate July 4th with These Red, White, & Blue Chip Stocks
The Fourth of July is a cornerstone of American tradition that signifies a time for celebration, family gatherings, and festive cookouts. This holiday's cultural impact resonates deeply within the consumer landscape, often driving a surge in spending on goods and services in the consumer discretionary, consumer staple, and retail sectors.
marketbeat.com
Read MoreConstellation Brands, Inc. (STZ) Q1 2025 Earnings Call Transcript
Constellation Brands, Inc. (NYSE:STZ ) Q1 2025 Earnings Conference Call July 3, 2024 10:30 AM ET Company Participants Joseph Suarez - SVP, IR Bill Newlands - President & CEO Garth Hankinson - CFO Conference Call Participants Andrea Teixeira - JP Morgan Carlos Laboy - HSBC Dara Mohsenian - Morgan Stanley Filippo Falorni - Citi Lauren Lieberman - Barclays Nik Modi - RBC Capital Markets Bryan Spillane - Bank of America Peter Grom - UBS Chris Carey - Wells Fargo Securities Bonnie Herzog - Goldman Sachs Rob Ottenstein - Evercore ISI Robert Moskow - TD Cowen Operator Good morning, and welcome to the Constellation Brands First Quarter Fiscal Year 2025 Earnings Call. At this time, all participants are in a listen-only mode.
seekingalpha.com
Read MoreConstellation Brands (STZ) Rises on Q1 Earnings Beat, Solid View
Constellation Brands' (STZ) Q1 results reflect continued volume growth in the beer business and gains from improved operating margin expansion.
zacks.com
Read MoreConstellation Brands Raises EPS Outlook Amid Higher Beer Sales
Constellation Brands (STZ) on Wednesday reported a big jump in first-quarter profit and lifted its full-year guidance on higher beer sales, but wine and spirits sales fell.
investopedia.com
Read MoreConstellation Brands surpasses profit expectations in Q1
Constellation Brands Inc (NYSE:STZ) reported a larger than expected profit for the first quarter fiscal 2025 financial results driven by strength in its beer business. The alcohol producer and marketer behind more than 100 brands including Corona, Modelo Especial, Kim Crawford and Meiomi posted earnings per share (EPS) were $3.57, up 17% year-over-year and ahead of the $3.46 consensus.
proactiveinvestors.com
Read MoreConstellation Brands beats quarterly profit estimates on strong beer business
Corona beer maker Constellation Brands on Wednesday beat Wall Street estimates for first-quarter profit, helped by strong demand for its core beer brands, which offset the sluggish wines and spirits business.
reuters.com
Read MoreConstellation Brands Reports First Quarter Fiscal 2025 Financial Results
ROCHESTER, N.Y., July 03, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, reported today its first quarter fiscal 2025 financial results. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Chief Financial Officer, Garth Hankinson, on Wednesday, July 3, 2024 at 10:30 a.m. EDT. Visit ir.cbrands.com to locate information for joining the conference call, or a live, listen-only webcast of the conference call.
globenewswire.com
Read MoreHow To Earn $500 A Month From Constellation Brands Stock Ahead Of Q1 Earnings Report
Constellation Brands, Inc. STZ will release earnings results for its first quarter, before the opening bell on Wednesday.
benzinga.com
Read MoreWhat To Expect in the Markets This Week
Although the Independence Day holiday on Thursday shortens the trading week, the Friday release of the U.S. jobs report gives investors significant data to close the week. Before that, Federal Reserve Chair Jerome Powell will make comments at an international conference, followed by the release of the minutes from the Fed's June meeting.
investopedia.com
Read MoreCan Constellation Brands (STZ) Beat Q1 Earnings Amid High Costs?
Constellation Brands' (STZ) Q1 results are likely to reflect gains from a strong beer portfolio, growth in Power Brands and premiumization. Inflationary costs are expected to have weighed on margins.
zacks.com
Read MoreSeeking Clues to Constellation Brands (STZ) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics
Evaluate the expected performance of Constellation Brands (STZ) for the quarter ended May 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
zacks.com
Read MoreEarnings Calendar Spotlight: Beer Revenue Booms At Constellation Brands
Constellation Brands headlines the latest earnings calendar amid sluggish performance at the company's wine and spirits business.
investors.com
Read MoreLegal cannabis sales eat into beer revenue, survey data shows
Consumer surveys in Canada and the U.S. show that alcohol consumption is down in areas where adults have the option to consume legal cannabis, Bernstein analyst Nadine Sarwat said in a research note on Friday.
marketwatch.com
Read MoreConstellation Brands: Well Positioned For Future Growth
Constellation Brands is a leading player in the beverage industry with a strong portfolio of beer, wine, and spirits. The company demonstrated strong financial performance in Q1 2024, with growth in the Beer segment and a focus on premiumization and innovation. Despite competition and regulatory risks, Constellation Brands is well-positioned for future growth in the global alcoholic beverages market.
seekingalpha.com
Read More3 Best Stocks to Buy for Investors Building a Brands Portfolio: 2024 Edition
Every now and again, I like to write about the best brand stocks to buy. However, the subject of the article is not necessarily what you might guess it's about.
investorplace.com
Read MoreEarnings Growth & Price Strength Make Constellation Brands (STZ) a Stock to Watch
Finding strong, market-beating stocks with a positive earnings outlook becomes easier with the Focus List, a top feature of the Zacks Premium portfolio service.
zacks.com
Read MoreTOPIKOS Spirit & Beverage Co. announces partnership with Constellation Brands Inc., expanding its portfolio with premium offerings
TORONTO, June 18, 2024 (GLOBE NEWSWIRE) -- Today, Topikos Spirit & Beverage Co. (TOPIKOS) and Constellation Brands Inc. announce their partnership, as TOPIKOS becomes the official broker and distributor for Constellation Brands' spirit portfolio across Canada. This partnership introduces an iconic portfolio to the distinguished offerings of TOPIKOS.
globenewswire.com
Read MoreConstellation Brands' (STZ) Strong Brands Help Retain Momentum
Constellation Brands (STZ) continues to witness momentum on strength in the beer business, as well as premiumization and expansion efforts.
zacks.com
Read MoreZacks Industry Outlook AnheuserBusch InBev, Diageo, Constellation Brands, Molson Coors and The Boston Beer
AnheuserBusch InBev, Diageo, Constellation Brands, Molson Coors and The Boston Beer have been highlighted in this Industry Outlook article.
zacks.com
Read More5 Stocks in Focus as Alcohol Industry Faces Inflation Wrath
The Beverages - Alcohol industry continues to be in the doldrums, thanks to commodity cost inflation resulting in higher input and packaging costs, and elevated marketing expenses. Innovation and premiumization place players like BUD, DEO, STZ, TAP and SAM in a favorable spot.
zacks.com
Read MoreWill Constellation Brands (STZ) Beat Estimates Again in Its Next Earnings Report?
Constellation Brands (STZ) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
zacks.com
Read MoreConstellation Brands to Report First Quarter Fiscal 2025 Financial Results; Host Conference Call July 3, 2024
ROCHESTER, N.Y., June 03, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today it will report financial results for its first quarter ended May 31, 2024, on Wednesday, July 3, 2024, before the open of the U.S. markets. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Executive Vice President and Chief Financial Officer, Garth Hankinson, at 10:30 a.m. EDT, July 3, 2024.
globenewswire.com
Read MoreKNBWY or STZ: Which Is the Better Value Stock Right Now?
Investors interested in stocks from the Beverages - Alcohol sector have probably already heard of Kirin Holdings Co. (KNBWY) and Constellation Brands (STZ). But which of these two stocks is more attractive to value investors?
zacks.com
Read MoreConstellation Brands Announces Updated Time of Presentation at the Bernstein 40th Annual Strategic Decisions Conference on Wednesday, May 29, 2024
VICTOR, N.Y., May 17, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announces an updated time that Bill Newlands, President and Chief Executive Officer, and Garth Hankinson, Executive Vice President and Chief Financial Officer, will participate in a previously announced fireside chat at the Bernstein 40th Annual Strategic Decisions Conference on Wednesday, May 29, 2024 in New York, NY. The presentation is scheduled to begin at 4:30 p.m. EDT and is expected to cover the company's strategic business initiatives, financial metrics, and operating performance, as well as outlook for the future.
globenewswire.com
Read MoreConstellation Brands to Present at the Bernstein 40th Annual Strategic Decisions Conference on Wednesday, May 29, 2024
VICTOR, N.Y., May 16, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today that Bill Newlands, President and Chief Executive Officer, and Garth Hankinson, Executive Vice President and Chief Financial Officer, will participate in a fireside chat at the Bernstein 40th Annual Strategic Decisions Conference on Wednesday, May 29, 2024 in New York, NY. The presentation is scheduled to begin at 2:30 p.m. EDT and is expected to cover the company's strategic business initiatives, financial metrics, and operating performance, as well as outlook for the future.
globenewswire.com
Read MoreMomentum in Beer Business to Drive Constellation Brands (STZ)
Constellation Brands (STZ) has been benefiting from the momentum in the beer business, driven by strength in its Modelo Especial, the Modelo Chelada, Corona Extra and Pacifico brands.
zacks.com
Read MoreThree best alcohol stocks to watch now as high inflation continues
It is earnings season currently, and companies across the board are showing results dampened by the fact that inflation is still stickier in the US, with the prospect of interest rate cuts receding further with every month's data.
invezz.com
Read MoreThe next pot of gold? Marijuana stocks surge higher on promise of reclassification
Though there has never been a shortage of enthusiasm and interest in cannabis stocks, many of them have failed to take off, with some even dropping more than 90% from their initial public offering (IPO) price and turning into penny stocks.
finbold.com
Read More7 Blue Chip Sin Stocks Can Deliver Huge Passive Income
If you want your portfolio to pay you cash like clockwork, it's time to stop blindly following conventional wisdom like relying on Dividend Aristocrats.
247wallst.com
Read MoreGoldman Sachs Has 6 Dividend Blue Chips on Its Conviction List of Top Stocks
Sponsored: Find a Qualified Financial Advisor Finding a qualified financial advisor doesn't have to be hard.
247wallst.com
Read MoreWhy Constellation Brands (STZ) is a Top Stock for the Long-Term
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Focus List.
zacks.com
Read MoreConstellation Brands moves itself further away from cannabis grower Canopy Growth's business
Alcoholic-beverage giant Constellation Brands Inc. on Thursday announced a number of moves intended to further distance itself from struggling Canadian cannabis producer Canopy Growth Corp., following a multibillion-dollar investment in the pot company several years ago.
marketwatch.com
Read MoreConstellation Brands Announces Conversion of Common Shares and Exchange of Promissory Note Into Exchangeable Shares of Canopy Growth Corporation
VICTOR, N.Y., April 18, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today that its indirect, wholly-owned subsidiaries, Greenstar Canada Investment Limited Partnership (“Greenstar”) and CBG Holdings LLC (“CBG”), have converted (the "Conversion”) their common shares (“Common Shares”) of Canopy Growth Corporation (“Canopy”) into non-voting and non-participating exchangeable shares of Canopy (“Exchangeable Shares”). The amendment to Canopy's share capital and the creation of the Exchangeable Shares were authorized by Canopy shareholders at a special meeting held on April 12, 2024 (the “Amendment”). Greenstar and Canopy also agreed to exchange (the “Note Exchange” and together with the Conversion, the “Transactions”) C$81.2 million of the principal amount of the C$100 million promissory note due December 2024 issued by Canopy (the “Note”) for Exchangeable Shares pursuant to an exchange agreement between Greenstar and Canopy (the “Exchange Agreement”). Pursuant to the Exchange Agreement, Greenstar forgave all accrued but unpaid interest on the Note together with the remaining principal amount of the Note. Constellation had previously disclosed its intention to complete the Transactions following Canopy shareholder approval of the Amendment.
globenewswire.com
Read More5 Stocks in Focus That Just Increased Their Dividends
Investors may keep a tab on stocks like CSWI, TRGP, STZ, FUL and SKT, which have lately hiked their dividend payments.
zacks.com
Read MoreConstellation Brands, Inc. (STZ) Q4 2024 Earnings Call Transcript
Constellation Brands, Inc. (NYSE:STZ ) Q4 2024 Earnings Conference Call April 11, 2024 10:30 AM ET Company Participants Snehal Shah - Director of Investor Relations Bill Newlands - President and Chief Executive Officer Garth Hankinson - Chief Financial Officer Conference Call Participants Nik Modi - RBC Capital Markets Dara Mohsenian - Morgan Stanley Bryan Spillane - Bank of America Lauren Lieberman - Barclays Chris Carey - Wells Fargo Securities Kaumil Gajrawala - Jefferies Nadine Sarwat - Bernstein Drew Levine - JPMorgan Robert Ottenstein - Evercore ISI Filippo Falorni - Citi Gerald Pascarelli - Wedbush Securities Carlos Laboy - HSBC Operator Good day and welcome to the Constellation Brands' Fiscal Year 2024 Fourth Quarter Full Year Earnings Call. At this time, all participants are in listen-only mode.
seekingalpha.com
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Constellation Brands (STZ) stock rose in early trading Thursday as the beverage company reported better-than-expected fourth-quarter fiscal 2024 earnings, driven by a rise in beer sales.
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Corona Extra seller Constellation Brands Inc (NYSE:STZ) climbed in pre-market dealings after beating revenue and earnings expectations for the fourth quarter. Revenue climbed 7% to US$2.14 billion over the final quarter, the beverage maker reported on Thursday, outdoing Wall Street expectations of US$2.10 billion.
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