Constellation Brands Reports Fiscal Year and Fourth Quarter 2025 Financial Results and Fiscal Year 2026 to Fiscal Year 2028 Outlook
- ROCHESTER, N.Y., April 09, 2025 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, reported today its fiscal year and fourth quarter 2025 financial results and fiscal year 2026 to fiscal year 2028 outlook. 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, April 10, 2025 at 10:30 a.m. ET. Visit ir.cbrands.com to locate information for joining the conference call, or a live, listen-only webcast of the conference call.
- 04/09/2025
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Constellation Brands Repositions Wine and Spirits Business to a Portfolio of Exclusively Higher-Growth, Higher-Margin Brands Aligned to Consumer-Led Premiumization Trends
- ROCHESTER, N.Y., April 09, 2025 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today that it has signed an agreement with The Wine Group to divest primarily mainstream wine brands and related vineyards and facilities from its wine portfolio. The transaction is subject to the satisfaction of certain closing conditions, including the receipt of regulatory approval, and is expected to close immediately following the end of Constellation's first quarter of its fiscal year 2026.
- 04/09/2025
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STZ Before Earnings: Tariff Impacts & Example Options Trade
- Caroline Woods previews Constellation Brands (STZ) before its earnings, noting that most analysts are bullish into the report. However, the stock has been under pressure, down 35% over the last year.
- 04/09/2025
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A 200% tariff on wine would be so catastrophic for the industry, expert warns
- U.S. Wine Trade Alliance President Ben Aneff unpacks the economic outlook for the wine industry on 'The Claman Countdown.'
- 03/31/2025
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Constellation Brands to Report Full Fiscal Year and Fourth Quarter 2025 Financial Results on April 9, 2025 After Market Close and Host Conference Call April 10, 2025 at 10:30AM ET
- ROCHESTER, N.Y., March 06, 2025 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today it will report financial results for its full fiscal year and fourth quarter ended February 28, 2025, on Wednesday, April 9, 2025, after the close of the U.S. markets by posting the earnings release and financial tables, as well as other supporting materials, on the company's investor relations website at ir.cbrands.com. A live conference call for analysts to discuss the company's financial results, operating performance, strategic business initiatives, and outlook for the future with President and Chief Executive Officer, Bill Newlands, and Executive Vice President and Chief Financial Officer, Garth Hankinson, will be hosted at 10:30 a.m. ET on Thursday, April 10, 2025.
- 03/06/2025
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Constellation Brands Announces Departure of E. Yuri Hermida, Executive Vice President, Chief Growth & Strategy Officer
- Mallika Monteiro to serve as interim Chief Growth & Strategy Officer, in addition to her current responsibilities as Executive Vice President, Managing Director – Beer Brands Mallika Monteiro to serve as interim Chief Growth & Strategy Officer, in addition to her current responsibilities as Executive Vice President, Managing Director – Beer Brands
- 02/18/2025
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Warren Buffett Unfazed By Trump's Tariff Threats: Oracle Of Omaha Bets On Mexico, Beer
- Investing legend Warren Buffett is known for finding stock undervalued and unloved by Wall Street and he may have done that again with a new investment unveiled in his latest fourth-quarter 13F.
- 02/18/2025
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Constellation Brands Reports Third Quarter Fiscal 2025 Financial Results
- ROCHESTER, N.Y., Jan. 10, 2025 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, reported today its third 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 Friday, January 10, 2025 at 10:30 a.m. ET. Visit ir.cbrands.com to locate information for joining the conference call, or a live, listen-only webcast of the conference call.
- 01/10/2025
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Constellation Brands Declares Quarterly Dividend
- ROCHESTER, N.Y., Jan. 09, 2025 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today that on January 8, 2025, its Board of Directors declared a quarterly cash dividend of $1.01 per share of Class A Common Stock payable on February 21, 2025, to stockholders of record as of the close of business on February 7, 2025.
- 01/09/2025
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Constellation Brands Announces Revised Date to Report Third Quarter Fiscal 2025 Financial Results; Host Conference Call January 10, 2025
- Rescheduled from Thursday, January 9, 2025 in Observance of National Day of Mourning for Former President Jimmy Carter Rescheduled from Thursday, January 9, 2025 in Observance of National Day of Mourning for Former President Jimmy Carter
- 01/02/2025
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Constellation Brands to Report Third Quarter Fiscal 2025 Financial Results; Host Conference Call January 9, 2025
- ROCHESTER, N.Y., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today it will report financial results for its third quarter ended November 30, 2024, on Thursday, January 9, 2025, 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. ET, January 9, 2025.
- 12/05/2024
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Constellation Brands Agrees to Divest SVEDKA; Continues the Reshaping of Wine & Spirits Portfolio Towards the Higher End
- ROCHESTER, N.Y., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Constellation Brands (NYSE: STZ), a leading beverage alcohol company, today announced that it has reached an agreement with global spirits company Sazerac, to divest its SVEDKA brand. This transaction is expected to close in the coming months.
- 12/03/2024
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Constellation Brands to Present at the 2024 Morgan Stanley Global Consumer and Retail Conference on December 3, 2024
- ROCHESTER, N.Y., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today that Garth Hankinson, Executive Vice President and Chief Financial Officer, will participate in a fireside chat at the 2024 Morgan Stanley Global Consumer and Retail Conference on Tuesday, December 3, 2024 in New York, NY. The presentation is scheduled to begin at 2:15 p.m. ET and is expected to cover the company's strategic business initiatives, financial metrics, and operating performance, as well as outlook for the future.
- 11/25/2024
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Constellation 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.
- 10/08/2024
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Constellation 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.
- 10/03/2024
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Cramer's Mad Dash: Constellation
- CNBC's Jim Cramer delivers his daily Mad Dash.
- 09/03/2024
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Constellation 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)
- 09/03/2024
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Constellation 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.
- 08/29/2024
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Constellation 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.
- 08/23/2024
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Constellation 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.
- 07/03/2024
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Constellation 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.
- 06/03/2024
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Constellation 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.
- 05/17/2024
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Constellation 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.
- 05/16/2024
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Constellation 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.
- 04/18/2024
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Constellation Brands Reports Fiscal Year and Fourth Quarter 2024 Financial Results and Fiscal Year 2025 Outlook
- VICTOR, N.Y., April 11, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, reported today its fiscal year and fourth quarter 2024 financial results and fiscal year 2025 outlook. 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, April 11, 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.
- 04/11/2024
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Constellation Might Need More Than Strong Beer Sales
- The company is still seeing weakness in its wine and spirit sales.
- 04/10/2024
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Constellation Brands Appoints Sam Glaetzer to Lead Company's Wine & Spirits Division
- Industry Veteran Brings Nearly 30 Years of Commercial and Operational Experience to Help Fuel Next Wave of Growth for Company's Wine & Spirits Business Industry Veteran Brings Nearly 30 Years of Commercial and Operational Experience to Help Fuel Next Wave of Growth for Company's Wine & Spirits Business
- 03/11/2024
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Constellation Brands to Report Full Fiscal Year and Fourth Quarter 2024 Financial Results; Host Conference Call April 11, 2024
- VICTOR, N.Y., March 07, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today it will report financial results for its full fiscal year and fourth quarter ended February 29, 2024, on Thursday, April 11, 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, April 11, 2024.
- 03/07/2024
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Constellation Brands Announces Election of Christopher J. Baldwin as New Independent Board Chair
- VICTOR, N.Y., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, today announced the election of Christopher J. Baldwin of CVC Advisors (U.S.) Inc., a leading global private markets manager, to serve as a member of Constellation's board of directors, as well as his appointment as non-executive chair of the company's board, each effective March 1, 2024.
- 02/20/2024
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Constellation Brands Prices Offering of Senior Notes
- VICTOR, N.Y., Jan. 09, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today that it priced the public offering of $400.0 million aggregate principal amount of 4.800% Senior Notes due 2029 (the "notes") for a public offering price of 99.889% of the principal amount of the notes. The notes will be senior obligations that rank equally with all of Constellation's other senior unsecured indebtedness.
- 01/09/2024
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Constellation Brands Reports Third Quarter Fiscal 2024 Financial Results
- VICTOR, N.Y., Jan. 05, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, reported today its third quarter fiscal 2024 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 Friday, January 5, 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.
- 01/05/2024
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Constellation Brands Announces Wine & Spirits Leadership Transition
- Robert Hanson to Step Down as EVP & President, Wine & Spirits Division Effective February 29, 2024
- 01/04/2024
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Constellation Brands Announces New Leadership Appointments
- VICTOR, N.Y., Dec. 08, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, today announced a number of new leadership appointments designed to position the company for sustained and industry-leading performance over the long term.
- 12/08/2023
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Constellation Brands to Report Third Quarter Fiscal 2024 Financial Results; Host Conference Call January 5, 2024
- VICTOR, N.Y., Nov. 30, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today it will report financial results for its third quarter ended November 30, 2023, on Friday, January 5, 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. ET, January 5, 2024.
- 11/30/2023
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Constellation Brands to Present at the 2023 Morgan Stanley Global Consumer and Retail Conference on December 5, 2023
- VICTOR, N.Y., Nov. 29, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today that Garth Hankinson, Executive Vice President and Chief Financial Officer, will participate in a fireside chat at the 2023 Morgan Stanley Global Consumer and Retail Conference on Tuesday, December 5, 2023 in New York, NY. The presentation is scheduled to begin at 1:30 p.m. ET and is expected to cover the company's strategic business initiatives, financial metrics, and operating performance, as well as outlook for the future.
- 11/29/2023
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Constellation Brands Announces Expiration of Canopy Growth Warrants
- VICTOR, N.Y., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today the expiration of all its warrants (“Warrants”) to purchase common shares (“Common Shares”) of Canopy Growth Corporation (“Canopy”). All 88,472,861 Tranche A warrants held by Constellation's wholly-owned subsidiary, CBG Holdings LLC (“CBG”), expired as of November 1, 2023. Since the vesting of the remaining aggregate of 51,272,592 Tranche B and Tranche C warrants was conditioned on the exercise, in full, of the Tranche A warrants, the remaining Warrants are not, and will not become, exercisable by CBG. As a result, Constellation is no longer deemed to beneficially own any of the 139,745,453 Common Shares underlying the Warrants.
- 11/03/2023
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Constellation Brands to Outline Strategic Foundation for Continued Growth at 2023 Investor Day
- Beer Business Medium-Term ~7-9% Net Sales Growth and ~39-40% Operating Margins Outlook Unchanged Wine & Spirits Business Now Expects Medium-Term ~1-3% Net Sales Growth and ~25-26% Operating Margins Company Targeting Annual Low Double-Digit Diluted EPS Growth (Excluding Canopy EIE) Over Medium-Term Expects Cumulative $15-17B Operating Cash Flow and $10-12B Free Cash Flow from Fiscal 2024 to Fiscal 2028 Capital Allocation Priorities Unchanged, Company Announces Additional $2B Share Repurchase Authorization VICTOR, N.Y., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, will today reinforce its strategic foundation for continued growth at its Investor Day hosted at 2:00 p.m.
- 11/02/2023
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Constellation Brands Issues 2023 ESG Impact Report and Announces Enhanced Water Withdrawal Restoration Target Benefitting Local Communities
- Having surpassed its prior target ahead of plan, Constellation further advances water stewardship efforts; shares progress against core commitments for environmental stewardship and social impact.
- 10/24/2023
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Modelo and Corona owner Constellation earnings boosted by strong beer sales
- Modelo and Corona parent Constellation Brands (NYSE:STZ) reported better than expected sales, nonetheless for its second quarter, with revenue reported at $2.84bn. The revenue figure exceeded analyst forecasts pitched at $2.82 billion.
- 10/05/2023
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Constellation Brands Reports Second Quarter Fiscal 2024 Financial Results
- VICTOR, N.Y., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, reported today its second quarter fiscal 2024 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 5, 2023 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.
- 10/05/2023
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Constellation Brands to Report Second Quarter Fiscal 2024 Financial Results; Host Conference Call October 5, 2023
- VICTOR, N.Y., Aug. 31, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today it will report financial results for its second quarter ended August 31, 2023, on Thursday, October 5, 2023, 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 5, 2023.
- 08/31/2023
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Constellation Brands to Present at the 2023 Barclays Global Consumer Staples Conference on Wednesday, September 6, 2023
- VICTOR, N.Y., Aug. 22, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today that Garth Hankinson, Executive Vice President and Chief Financial Officer, will participate in a fireside chat at the 2023 Barclays Global Consumer Staples Conference on Wednesday, September 6 in Boston, MA. 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.
- 08/22/2023
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Constellation Brands to Host Investor Day on Thursday, November 2, 2023
- VICTOR, N.Y., Aug. 22, 2023 (GLOBE NEWSWIRE) -- Constellation Brands (NYSE: STZ), a leading beverage alcohol company, announced today that it will host its Investor Day on Thursday, November 2, 2023, at the New York Stock Exchange in New York City. The event is scheduled to begin at 2:00 p.m. EDT and is expected to provide investors, analysts, and other stakeholders with a comprehensive overview of the company's continued value creation opportunities supported by its strategic priorities.
- 08/22/2023
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Modelo Fizzes After Bud Light Demise. Constellation's Beer Sales Soar.
- Constellation Brands' earnings smashed Wall Street expectations, hitting $2.91 per share in the fiscal first quarter.
- 06/30/2023
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Constellation Brands to Report First Quarter Fiscal 2024 Financial Results; Host Conference Call June 30, 2023
- VICTOR, N.Y., June 01, 2023 (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, 2023, on Friday, June 30, 2023, 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, June 30, 2023.
- 06/01/2023
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Constellation Brands to Present at the Bernstein 39th Annual Strategic Decisions Conference on Wednesday, May 31, 2023
- VICTOR, N.Y., May 24, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today that Bill Newlands, President and Chief Executive Officer, will present at the Bernstein 39th Annual Strategic Decisions Conference on Wednesday, May 31, 2023 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.
- 05/24/2023
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Hard seltzer is not beer, jury finds, handing Constellation a big court victory
- In a case that hinged on the definition of “beer,” a federal jury ruled Wednesday that Constellation Brands can still sell Corona and Modelo hard seltzers in the U.S.
- 03/15/2023
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Constellation Brands to Report Full Fiscal Year and Fourth Quarter 2023 Financial Results; Host Conference Call April 6, 2023
- VICTOR, N.Y., March 02, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today it will report financial results for its full fiscal year and fourth quarter ended February 28, 2023, on Thursday, April 6, 2023, 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, April 6, 2023.
- 03/02/2023
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Best Marijuana Stocks to Buy: Cannabis Stocks for Investing
- The best marijuana stocks have been put through the wringer for years. But with U.S. cannabis sales on the rise, these picks could finally have their day in the sun.
- 02/16/2023
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Constellation Brands to Present at the 2023 Consumer Analyst Group of New York Conference on Thursday, February 23, 2023
- VICTOR, N.Y., Feb. 09, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today that Bill Newlands, President and Chief Executive Officer, will present at the 2023 Consumer Analyst Group of New York Conference on Thursday, February 23, 2023 in Boca Raton, FL. The presentation is scheduled to begin at 3:00 p.m. ET and is expected to cover the company's strategic business initiatives, financial metrics, and operating performance, as well as outlook for the future.
- 02/09/2023
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Constellation Brands stock slides on Q3 losses
- Yahoo Finance Live anchors Seana Smith and Dave Briggs discuss how Constellation Brands stock is trading following earnings results.
- 01/05/2023
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Constellation's beer sales hurt by higher prices across supply and distribution chains
- Constellation Brands Inc.'s stock slid 9% Thursday — its biggest one-day decline since a drop of 11.8% on March 23, 2020, at the start of the pandemic — after the company reported earnings for its fiscal third quarter. Analysts' focus on weakness in beer sales dominated the company's earnings call.
- 01/05/2023
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Constellation Brands stock dips on mixed earnings results
- Yahoo Finance Live anchors Brad Smith, Julie Hyman and Brian Sozzi discuss the decline in stock for Constellation Brands following third-quarter earnings.
- 01/05/2023
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Constellation Brands third-quarter profit drops
- Constellation Brands Inc. STZ, +1.56% shares fell 1.8% in premarket trades after the spirits maker reported a lower third-quarter profit. Constellation Brands said its third-quarter net income fell to $467.7 million, or $2.52 a share, from $470.8 million, or $2.48 a share in the year-ago quarter.
- 01/05/2023
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Constellation Brands gets boost from Goldman Sachs ahead of earnings
- Yahoo Finance Live's Brian Sozzi discusses a Goldman Sachs analyst's bullish take on beer maker Constellation Brands.
- 12/28/2022
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Constellation Brands to Report Third Quarter Fiscal 2023 Financial Results; Host Conference Call January 5, 2023
- VICTOR, N.Y., Dec. 01, 2022 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today it will report financial results for its third quarter ended November 30, 2022, on Thursday, January 5, 2023, 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. ET, January 5, 2023.
- 12/01/2022
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2 Levels to Watch for Constellation Brands Stock
- Beverage giant Constellation Brands, Inc. (NYSE: STZ) is down 1.1% to trade at $250.83 today.
- 11/30/2022
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Constellation Brands to Present at the 2022 Morgan Stanley Global Consumer and Retail Conference on December 6, 2022
- VICTOR, N.Y., Nov. 10, 2022 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today that Garth Hankinson, Executive Vice President and Chief Financial Officer, will present at the 2022 Morgan Stanley Global Consumer and Retail Conference on Tuesday, December 6, 2022 in New York, NY. The presentation is scheduled to begin at 10:15 a.m. ET and is expected to cover the company's strategic business initiatives, financial metrics, and operating performance, as well as outlook for the future.
- 11/10/2022
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Why Constellation Brands Remains Bullish on Canopy Growth
- The company took another mammoth impairment charge on the pot producer last quarter.
- 10/20/2022
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Constellation Brands Stock: 3 Reasons to Buy
- The alcoholic beverage giant is still growing its beer business.
- 10/14/2022
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Constellation Brands Stock May Offer Safety in the Market Storm
- Investors who are looking to ride out the bear market may want to take a close look at Constellation Brands as a defensive stock with refreshing guidance
- 10/13/2022
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Constellation Brands CEO talks beer demand, cannabis reform, and sustainability
- Constellation Brands CEO Bill Newlands joins Yahoo Finance Live anchors Brian Sozzi, Julie Hyman and Bras Smith to discuss beverage demand, non-alcoholic Corona, cannabis legalization, sustainability efforts, and Constellation's venture unit.
- 10/07/2022
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Jim Cramer explains why investors should not sell Constellation Brands
- 'Mad Money' host Jim Cramer explains why he likes shares of Constellation Brands following its latest earnings report.
- 10/06/2022
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2 Stocks Making Moves After Earnings
- Another earnings season is already upon us, and though we're still a few weeks out from the daily deluge of quarterly reports, a few big names are already stepping into the confessional.
- 10/06/2022
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Constellation Brands reports earnings beat, strong sales in Q2
- Yahoo Finance Live anchors Brad Smith and Brian Sozzi discuss second-quarter earnings for Constellation Brands.
- 10/06/2022
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Constellation Brands shares pop 2.6% premarket after earnings blow past estimates
- Constellation Brands Inc. shares STZ, -0.61% rose 2.6% in premarket trade Thursday, after the drinks company blew past estimates for its fiscal second quarter. The company posted a net loss of $1.151 billion, or $6.30 a share, for the quarter to Aug. 31, after earnings of $1.5 million, or 1 cent a share, in the year-earlier period.
- 10/06/2022
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Constellation Brands to divest part of its mainstream and premium wine portfolio to The Wine Group
- Constellation Brands Inc. STZ, -0.61% said Thursday it is divesting part of its mainstream and premium wine portfolio to The Wine Group in a move aimed at reshaping it toward the high end of the market. The deal includes Cooper & Thief, Crafters Union, The Dreaming Tree, Monkey Bay, 7 Moons, and Charles Smith Wines, and is expected to close later Thursday.
- 10/06/2022
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Beer Behemoth Constellation Brands' Earnings Preview
- Beer giant Constellation Brands reports second quarter earnings early Thursday. STZ stock is in a flat base and RS line at a three-year high.
- 10/04/2022
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Amid Booming Beer Business, Constellation Brands Set To Report Earnings, Along With This High-Growth Chip Stock
- Constellation Brands has been dragged lower with the broad market amid strong growth in the company's beer and premium wine business. The post Amid Booming Beer Business, Constellation Brands Set To Report Earnings, Along With This High-Growth Chip Stock appeared first on Investor's Business Daily.
- 09/30/2022
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Constellation Brands to Report Second Quarter Fiscal 2023 Financial Results; Host Conference Call October 6, 2022
- VICTOR, N.Y., Sept. 01, 2022 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today it will report financial results for its second quarter ended August 31, 2022, on Thursday, October 6, 2022, 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 6, 2022.
- 09/01/2022
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Constellation Brands to Present at the 2022 Barclays Global Consumer Staples Conference on September 7, 2022
- VICTOR, N.Y., Aug. 25, 2022 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that Garth Hankinson, Executive Vice President and Chief Financial Officer, will participate in a fireside chat at the 2022 Barclays Global Consumer Staples Conference on Wednesday, September 7 in Boston, Mass. The presentation is scheduled to begin at 11:15 a.m. ET and is expected to cover the company's strategic business initiatives, financial metrics, and operating performance, as well as outlook for the future.
- 08/25/2022
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Is Constellation Brands Stock a Buy After Q1 Results?
- The beer business is outperforming many of its rivals.
- 07/09/2022
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Constellation Brands Q1 Earnings Top Estimates; Plans To Eliminate Class B Common Stock
- Constellation Brands Inc (NYSE: STZ) reported first-quarter FY23 growth sales of 17% year-on-year to $2.4 billion, beating the consensus of $2.16 billion. Net sales for the Beer segment grew 21% Y/Y to $1.89 billion, and Wine and Spirits rose 2% Y/Y to $465 million.
- 06/30/2022
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Constellation Brands beats on earnings as beer sales jump
- Yahoo Finance Live anchors Julie Hyman, Brian Sozzi and Brad Smith discuss first-quarter earnings for Constellation Brands.
- 06/30/2022
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Constellation Brands plan to eliminate Class B stock would boost Class A shares outstanding by about 14%
- Constellation Brands Inc. STZ, -0.77% said Thursday it will seek shareholder approval to eliminate its higher-vote Class B shares, which would end the associated voting control of the Sands Family and simplify the equity capital structure. Class B shares entitle holders to 10 votes per share, while Class A shares represent one share.
- 06/30/2022
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Constellation Brands swings to a profit, adj. 2022 view beats target
- Constellation Brands Inc. STZ, -0.77% shares rose 1% in premarket trades Thursday after it said its first-quarter net income increased to $389.5 million, or $2.06 a share, from a loss of $908.1 million, or $4.74 a share, in the year-ago quarter. Adjusted profit was $2.90 a share excluding losses of 24 cents a share from its investment in cannabis company Canopy Growth Corp. CGC, -3.05% WEED, -3.23%.
- 06/30/2022
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3 Reasons to Watch Constellation Brands Stock This Week
- The alcoholic beverage giant reports earnings results in a few days.
- 06/25/2022
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Constellation Brands to Report First Quarter Fiscal 2023 Financial Results; Host Conference Call June 30, 2022
- VICTOR, N.Y., June 02, 2022 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today it will report financial results for its first quarter ended May 31, 2022, on Thursday, June 30, 2022, 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, June 30, 2022.
- 06/02/2022
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3 Beer Stocks That Provide Shareholders With Recession-Proof Dividends
- For investors looking for growth and income from the beer industry, any of these names could be a solid addition to their portfolio. The post 3 Beer Stocks That Provide Shareholders With Recession-Proof Dividends appeared first on InvestorPlace.
- 06/02/2022
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Constellation Brands: This Defensive Stock Is Not Immune to Cost Issues
- As the largest multi-category alcohol supplier in the U.S., one would have thought Constellation Brands ( STZ , Financial) would have benefitted from Covid-19 pandemic lockdowns with stories of day-drinking and early home-based happy hours. However, the company has a heavy reliance on the bar and restaurant market, so it wasn't an optimal time for the company.
- 05/18/2022
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Inflation: ‘It's not clear we've hit the peak' yet in the booze business, Constellation CEO says
- Constellation Brands CEO and President Bill Newlands joins Yahoo Finance Live anchor Brian Sozzi to talk about beer and liquor sales, overseas demand trends, inflationary prices, new hard seltzer product lines, and the brand's stock buyback plans.
- 05/05/2022
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Constellation Brands Stock is Launching Towards New Highs
- Spirits and beverages producer Constellation Brands (NYSE: STZ) stock has rebound towards its all-time highs despite the weakness in the benchmark indices.
- 04/20/2022
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Why Investors Shouldn't Fear Constellation Brands' Spending Spree
- Investments in the brewery network will have high returns.
- 04/09/2022
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2 Companies That Raised Their Dividends This Week
- Constellation Brands and Murphy Oil were among the small number of companies that declared dividend increases this week.
- 04/09/2022
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Constellation Brands CEO discusses Sands Family's proposal to change to single class stock structure
- CNBC's Jim Cramer spoke with Constellation Brands CEO Bill Newlands on Friday's episode of "Mad Money."
- 04/08/2022
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4 Sin Stocks to Give Your Portfolio a Shot in the Arm
- The 50 largest sin stocks have outperformed the MSCI World Index over the last 43 years, according to UBS (NYSE: UBS), which provides financial advice and solutions to private, institutional and corporate clients worldwide.
- 04/08/2022
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Constellation Brands, Inc. (STZ) CEO Bill Newlands on Q4 2022 Results - Earnings Call Transcript
- Constellation Brands, Inc. (STZ) CEO Bill Newlands on Q4 2022 Results - Earnings Call Transcript
- 04/07/2022
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Constellation Brands (STZ) Rises on Q4 Sales & Earnings Beat
- Constellation Brands' (STZ) Q4 results reflect continued strength in the beer business, aided by strong demand. Management issues an upbeat fiscal 2023 view.
- 04/07/2022
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Constellation Brands Q4 report: ‘business continues to gain momentum'
- Shares of Constellation Brands Inc (NYSE: STZ) are up nearly 5.0% on Thursday after the alcoholic beverage company reported better-than-expected results for its fiscal fourth quarter. Notable figures in Constellation Brands Q4 report Net income printed at $395.4 million versus the year-ago figure of $382.9 million.
- 04/07/2022
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Constellation Brands (STZ) Beats Q4 Earnings and Revenue Estimates
- Constellation Brands (STZ) delivered earnings and revenue surprises of 10.23% and 4.28%, respectively, for the quarter ended February 2022. Do the numbers hold clues to what lies ahead for the stock?
- 04/07/2022
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Constellation Brands enters accelerated share repurchase program for $500 million of its own stock
- Constellation Brands Inc. STZ, +0.64% said Thursday it has entered an accelerated share repurchase program with Bank of America to repurchase $500 million of its Class A common stock. The alcohol company, which reported fourth-quarter earnings earlier Thursday, said it will receive about 1.7 million shares on April 8.
- 04/07/2022
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Constellation Brands Gave Disappointing Guidance. Beer Demand Looks Strong.
- The alcoholic-beverage reported sales $2.10 billion in the quarter, higher than analysts' prediction of $2.02 billion.
- 04/07/2022
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Will Constellation Brands Disappoint Investors on Thursday?
- The alcoholic beverage giant's stock might see lots of swings next week.
- 04/06/2022
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Factors Influencing Constellation Brands' (STZ) Q4 Earnings
- Constellation Brands' (STZ) Q4 earnings are expected to have been hurt by soft wine & spirits, and higher costs. Strength in the beer business and premiumization efforts are likely to have aided.
- 04/05/2022
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Constellation Brands: The Dip Highlights The Importance Of Valuation
- I wrote about Constellation Brands a few months back, and took a neutral position due to a high valuation. Since then the company has underperformed other indexes.
- 03/24/2022
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What You Must Know Before Buying Constellation Brands Stock
- Constellation Brands, Inc. (NYSE:STZ) is up 0.4% to trade at t $226.64 at last check.
- 03/22/2022
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Constellation Brands to Report Full Fiscal Year and Fourth Quarter 2022 Financial Results; Host Conference Call April 7, 2022
- VICTOR, N.Y., March 03, 2022 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today it will report financial results for its full fiscal year and fourth quarter ended February 28, 2022, on Thursday, April 7, 2022, 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, April 7, 2022.
- 03/03/2022
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Constellation Brands (STZ) Gains But Lags Market: What You Should Know
- Constellation Brands (STZ) closed the most recent trading day at $215.82, moving +1.02% from the previous trading session.
- 03/02/2022
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Monster Mulling Merger With Constellation
- Monster Beverage Corporation ( MNST , Financial) released record fourth quarter and full year results for 2021 on Thursday amid ongoing reports that executives are mulling a possible deal with Constellation Brands ( STZ , Financial).
- 02/27/2022
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Constellation Brands (STZ) Gains But Lags Market: What You Should Know
- Constellation Brands (STZ) closed at $215.01 in the latest trading session, marking a +1.19% move from the prior day.
- 02/24/2022
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Monster Beverage And Constellation Brands Merger Could Shake Up The Beverage Landscape
- The possible merger of Monster Beverage and Constellation Brands would bring two leaders in their space under one roof and could change the beverage space for good.
- 02/15/2022
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Energy Drink Maker Monster, Corona Beer Owner in Merger Talks
- Monster Beverage and Corona brewer Constellation Brands are talking about combining companies, Bloomberg reported Monday (Feb. 14), citing sources familiar with the situation. The merger agreement could go forward in the next few weeks if negotiations go well.
- 02/15/2022
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MNST, STZ Stocks Alert: Is Monster About to Merge With Constellation Brands?
- Monster and Constellation Brands are rumored to be discussing a potential merger. MNST stock and STZ stock are on watch.
- 02/15/2022
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Constellation Brands Is Declining Towards Its ‘Reversion To The Mean'
- Constellation Brands set its 52-week high of $258.00 on January 6 on a positive reaction to its latest earnings report.
- 02/15/2022
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Monster Beverage in merger talks with Constellation Brands
- Yahoo Finance's Julie Hyman and Brian Sozzi discuss whether Constellation Brands will acquire Monster Beverage.
- 02/15/2022
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Constellation Brands (STZ) Looks Well-Placed for Growth in 2022
- Constellation Brands (STZ) looks well-poised for growth on solid beer unit, strong demand and premiumization strategy. However, freight costs and weak wine & spirits unit concerns.
- 02/02/2022
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How The Canopy Growth Acquisition Is Weighing on Constellation Brands
- The marijuana investment is hurting the core alcohol business.
- 01/31/2022
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Earnings 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.
- 01/24/2022
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Constellation plant in Mexico may spur $2.6 billion in investment, official says
- A new Constellation Brands brewery to be built in the Mexican state of Veracruz, announced after a dispute over water stymied plans for a plant on the northern border, could spark $2.6 billion in investment, a government official said.
- 01/11/2022
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Constellation Brands Offers Excellent Risk-Reward
- Constellation Brands is well-positioned for the current macro-environment with above-average growth and sector-leading margins.
- 01/11/2022
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Canopy Growth Continues to Weigh on Constellation Brands' Performance
- Beer, not pot, is the alcoholic beverage maker's strength, but the cannabis stock keeps generating losses.
- 01/09/2022
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Constellation Brands Earnings: 3 Takeaways
- The alcoholic beverage giant had mostly good news for investors in its latest earnings update.
- 01/07/2022
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Constellation Brands CEO discusses deal with Coca-Cola to make alcoholic Fresca cocktails
- Constellation Brands CEO Bill Newlands appeared on Thursday's episode of "Mad Money," discussing the company's partnership with Coca-Cola to make alcoholic Fresca cocktails, as well as its capital expenditure plans.
- 01/06/2022
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Constellation Brands (STZ) CEO William Newlands on Q3 2022 Results - Earnings Call Transcript
- Constellation Brands (STZ) CEO William Newlands on Q3 2022 Results - Earnings Call Transcript
- 01/06/2022
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Constellation Brands' (STZ) Q3 Sales & Earnings Beat Estimates
- Constellation Brands' (STZ) Q3 results reflect continued strength in the beer business, aided by strong demand. The company enters partnership with Coca-Cola for FRESCA Mixed cocktails.
- 01/06/2022
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Coca-Cola will launch a Fresca canned cocktail with the company behind Corona. It's part of a broader shift in the alcohol industry as hard seltzer's popularity fades.
- Coca-Cola is one of several beverage-producers coming up with new ways to marry alcohol with popular soft drinks.
- 01/06/2022
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Earnings: Bed Bath & Beyond misses, Walgreens tops estimates, Constellation Brands beats
- Yahoo Finance's Brad Smith joins the anchors to talk about Bed & Bath Beyond stock jumping despite missing Q3 earnings estimates, Walgreens stock soaring amid demand for COVID-19 vaccines, and Constellation Brands launching a new beverage.
- 01/06/2022
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Coca-Cola partners with Constellation Brands to add alcohol to Fresca
- Coca-Cola Co. and Constellation Brands Inc. announced a partnership on Thursday for a new alcoholic version of the Fresca soft drink brand.
- 01/06/2022
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Constellation Brands Q3 Earnings Top Estimates; Enters Deal With Coca-Cola For FRESCA Brand
- Constellation Brands Inc (NYSE: STZ) reported a third-quarter FY22 sales decline of 4.8% year-on-year, to $2.32 billion, beating the analyst consensus of $2.28 billion. Net sales for the Beer segment grew 4%Y/Y to $1.8 billion, and wine and spirits fell 25% Y/Y to $568 million.
- 01/06/2022
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How 'Bout A Hard Fresca? Coca-Cola, Constellation Brands To Launch Alcohol Product Line
- A new drink for the country club? Coca-Cola Company (NYSE: KO) is teaming with Constellation Brands Inc. (NYSE: STZ) to create an alcohol beverage line based on the Fresca soft drink brand.
- 01/06/2022
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Constellation Brands (STZ) Q3 Earnings and Revenues Beat Estimates
- Constellation Brands (STZ) delivered earnings and revenue surprises of 15.56% and 1.32%, respectively, for the quarter ended November 2021. Do the numbers hold clues to what lies ahead for the stock?
- 01/06/2022
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Mixed Earnings Reports From Walgreens, Constellation Brands, ConAgra, And Bed Bath & Beyond
- The VIX rose above 20 as the strengthening dollar could become a drag on large multinational companies.
- 01/06/2022
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Coca-Cola and Constellation Brands team up to create alcoholic Fresca cocktails
- Coca-Cola and Constellation Brands are teaming up to create spirits-based cocktails under the Fresca soda brand.
- 01/06/2022
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Constellation Brands net income falls but sales beat estimate
- Constellation Brands STZ, -0.49% on Thursday said its third-quarter net income fell to $470.8 million, or $2.48 per Class A common share from $1.28 billion, or $6.68 a share in the year-ago period. Adjusted earnings were $3.12 a share.
- 01/06/2022
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Earnings Previews: Bed Bath & Beyond, Constellation Brands, Walgreens and More
- While the December-quarter earnings season does not get started until next week, there are several interesting reports due out this week from companies that follow calendar-agnostic fiscal years.
- 01/04/2022
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Is it too risky to buy Constellation Brands shares ahead of its FQ3 results?
- On Monday, Constellation Brands Inc. (NYSE:STZ) shares advanced slightly higher ahead of the company's announcement of fiscal third-quarter results later this week. The company will announce its most recent quarterly results Thursday, the 6th of January.
- 01/03/2022
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Why Constellation Brands (STZ) Might Surprise This Earnings Season
- Constellation Brands (STZ) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 01/03/2022
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Constellation Brands Earnings: What to Watch
- The alcoholic beverage giant will announce third-quarter results in a few days.
- 01/03/2022
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Walgreens, Costco, Constellation Brands, and Other Stocks to Watch This Week
- Conagra Brands, Constellation Brands, and Walgreens Boots Alliance report quarterly results. Plus, December employment data, manufacturing and services PMIs, and FOMC minutes.
- 01/02/2022
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Things to Note Ahead of Constellation Brands' (STZ) Q3 Earnings
- Constellation Brands' (STZ) Q3 earnings are likely to have been hurt by soft trends in wine & spirits and higher costs, while strength in the beer business and premiumization efforts bode well.
- 12/31/2021
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Constellation Brands (STZ) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
- Constellation Brands (STZ) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 12/30/2021
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Constellation Brands (STZ) Dips More Than Broader Markets: What You Should Know
- Constellation Brands (STZ) closed at $239.45 in the latest trading session, marking a -1.16% move from the prior day.
- 12/20/2021
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Constellation Brands (STZ) Gains As Market Dips: What You Should Know
- Constellation Brands (STZ) closed the most recent trading day at $237.37, moving +0.87% from the previous trading session.
- 12/13/2021
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3 Short-Term Trades for Volatility
- This is the most volatile the stock market has been all year. Want to trade it?
- 12/12/2021
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Constellation Brands (STZ) Gains But Lags Market: What You Should Know
- Constellation Brands (STZ) closed at $233.83 in the latest trading session, marking a +1.28% move from the prior day.
- 12/07/2021
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Constellation Brands plans new brewery in southeastern Mexico, report says
- The exact location of the plant in southeastern Mexico has yet to be announced.
- 12/07/2021
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Why Constellation Brands (STZ) Looks Well-Poised Amid Cost Woes
- Constellation Brands (STZ) witnesses a solid performance in the beer business and remains on track with its premiumization strategy. These bode well for the stock's growth in the days ahead.
- 12/07/2021
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Constellation Brands to Report Third Quarter Fiscal 2022 Financial Results; Host Conference Call January 6, 2022
- VICTOR, N.Y., Dec. 02, 2021 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today it will report financial results for its fiscal third quarter ended November 30, 2021, on Thursday, January 6, 2022, 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. EST, January 6, 2022.
- 12/02/2021
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Constellation Brands, Inc. (STZ) CEO Bill Newlands Presents at 2021 Morgan Stanley Global Consumer and Retail Conference (Transcript)
- Constellation Brands, Inc. (STZ) CEO Bill Newlands Presents at 2021 Morgan Stanley Global Consumer and Retail Conference (Transcript)
- 11/30/2021
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Constellation Brands (STZ) Outpaces Stock Market Gains: What You Should Know
- Constellation Brands (STZ) closed the most recent trading day at $237.06, moving +1.18% from the previous trading session.
- 11/23/2021
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Will Coca-Cola Jump In With A Bid For Monster Ahead Of Constellation Brands?
- Could an alcoholic beverage company and energy drink company team up to create a more diversified beverage play for investors? That's exactly what could be happening according to a report.
- 11/23/2021
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Monster reportedly exploring merger with Corona-owner Constellation Brands
- Yahoo Finance Live's Brian Sozzi and Julie Hyman discuss the potential of a merger between Monster Energy Drink and Constellation Brands, the latter possibly hoping to diversify their inventory of beverages. Don't Miss: Valley of Hype: The Culture That Built Elizabeth Holmes WATCH HERE: https://youtu.be/Sb179GLPNYE Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube: https://youtu.be/gx-OzwHpM9k
- 11/22/2021
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Constellation Brands to Present Virtually at the Morgan Stanley Global Consumer and Retail Conference on November 30, 2021
- VICTOR, N.Y., Nov. 17, 2021 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that Bill Newlands, president and chief executive officer, will present virtually at the 2021 Morgan Stanley Global Consumer and Retail Conference on Tuesday, November 30, 2021. The presentation is scheduled to begin at 11:00 a.m. ET and is expected to cover the company's strategic business initiatives, financial metrics, operating performance, as well as outlook for the future.
- 11/17/2021
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Constellation Brands Still Believes in Hard Seltzer
- Last Thursday, the New York-based Fortune 500 international beverage alcohol company lifted its fiscal 2022 earnings per share guidance as Constellation Brands Inc (NYSE: STZ) officially left behind its disappointing fiscal second-quarter earnings. Third Quarter Figures For the quarter that ended on August 31st, revenue exceeded projections as it amounted to $2.4 billion, which translates to approximately 5% growth to the prior year's figure.
- 10/18/2021
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The Success Of Constellation Brands In Focusing On The Beer Industry
- The Success Of Constellation Brands In Focusing On The Beer Industry
- 10/15/2021
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2 Big Challenges Constellation Brands Is Facing
- Hard seltzer demand is dropping and the wine and spirts segment is still struggling.
- 10/13/2021
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Constellation Brands Says the Hard Seltzer Niche Isn't Dead
- The alcoholic beverage giant lifted its overall outlook even after taking a write-down charge on hard seltzer inventory.
- 10/11/2021
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The Ratings Game: Corona parent Constellation Brands talks up the beer business after the ‘chaos' of hard seltzers fizzles
- Hard seltzer has gone soft, but Constellation Brands Inc. says that's all right because its beer portfolio will generate growth for the company.
- 10/07/2021
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Constellation Brands CEO says a hard seltzer write-down was the main reason for earnings miss
- Constellation Brands President and CEO Bill Newlands appeared on Wednesday's episode of "Mad Money" after the parent company of Corona and Modelo reported mixed quarterly results.
- 10/06/2021
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Constellation Brands (STZ) Q2 Earnings Lag Estimates, Sales Beat
- Constellation Brands (STZ) Q2 results reflect gains from robust consumer demand, strength in the beer business. and organic sales growth in the wine and spirits business.
- 10/06/2021
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Should you invest in Constellation Brands after missing earnings expectations?
- On Wednesday, Constellation Brands Inc. (NYSE:STZ) shares edged lower after announcing its most recent quarterly results. The company reported its fiscal Q2 earnings before markets opened, missing analyst expectations.
- 10/06/2021
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Constellation Brands, Inc. (STZ) CEO William Newlands on Q2 2022 Results - Earnings Call Transcript
- Constellation Brands, Inc. (STZ) CEO William Newlands on Q2 2022 Results - Earnings Call Transcript
- 10/06/2021
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Options Traders Blast Constellation Brands Stock After Earnings
- The shares of Constellation Brands, Inc. (NYSE:STZ) are lower this morning, down 0.2% to trade at $212.40, following the beer and wine maker's second-quarter earnings results.
- 10/06/2021
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Constellation Brands Reports Mixed Q2 Results; Lifts FY22 Comparable EPS Outlook
- Constellation Brands Inc (NYSE: STZ) reported second-quarter FY22 sales growth of 5% year-on-year, to $2.37 billion, beating the analyst consensus of $2.30 billion. Beer net sales rose 14% Y/Y to $1.86 billion and posted depletion volume growth of over 7%, driven by the continued strength of Modelo Especial and Corona Extra.
- 10/06/2021
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Constellation Brands earnings fall on Canopy Growth losses
- Constellation Brands Inc. STZ, +0.02% said Wednesday its second-quarter earnings fell to $1.5 million, or a penny a share, from $512.1 million, or $2.62 a share in the year-ago period. Excluding losses from its ownership stake in Canadian cannabis company Canopy Growth CGC, +3.48% WEED, +3.38% , the wine and spirits company earned $2.52 a share in the latest period.
- 10/06/2021
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Constellation Brands Reports Second Quarter Fiscal 2022 Results
- VICTOR, N.Y., Oct. 06, 2021 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, reported today its second quarter fiscal 2022 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, October 6, 2021, at 10:30 a.m. (EDT).
- 10/06/2021
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Earnings Previews: Constellation Brands, PepsiCo, RPM International
- This week marks the calm before the storm. There are barely a handful of interesting earnings reports due out this week.
- 10/04/2021
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3 Things to Watch in the Stock Market This Week
- PepsiCo is one of several stocks set to make big moves over the next few days.
- 10/03/2021
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Constellation Brands Q2 Earnings: 3 Things to Watch
- The alcoholic beverage giant announces fiscal 2022 second-quarter earnings results in just a few days.
- 10/03/2021
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Here's How Constellation Brands (STZ) is Placed for Q2 Earnings
- Constellation Brands' (STZ) Q2 results are expected to reflect continued strength in the beer business, and robust shipment and depletion volume growth. Supply-chain concerns are likely to have hurt.
- 10/01/2021
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Constellation Brands (STZ) Reports Next Week: Wall Street Expects Earnings Growth
- Constellation Brands (STZ) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 09/29/2021
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Why a Hold Strategy is Apt for Constellation Brands (STZ) Now
- Constellation Brands (STZ) gains from the strength in the beer business, and robust shipment and depletion growth. Softness in the wine and spirits business, and Canopy-related costs are concerning.
- 09/28/2021
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4 Reasons to Be Bullish From Constellation Brands' Investor Presentation
- The company might have some "special sauce" giving it better prospects than its rivals.
- 09/12/2021
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Constellation Brands Signs Multi-Year NFL Partnership
- Constellation Brands Inc (NYSE: STZ) has signed a multi-year partnership with the New York Jets, New York Giants, and MetLife Stadium in East Rutherford, New Jersey, in collaboration with Modelo and the Corona Brand Family. The financial terms of the deal were not disclosed.
- 09/10/2021
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Constellation Brands, Inc. (STZ) Management Presents at Barclays Global Consumer Staples Conference (Transcript)
- Constellation Brands, Inc. (STZ) Management Presents at Barclays Global Consumer Staples Conference (Transcript)
- 09/08/2021
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Constellation Brands to Report Second Quarter Fiscal 2022 Financial Results; Host Conference Call October 6, 2021
- VICTOR, N.Y., Sept. 02, 2021 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today it will report financial results for its fiscal second quarter ended August 31, 2021, on Wednesday, October 6, 2021, 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 6, 2021.
- 09/02/2021
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Constellation Brands (STZ) Dips More Than Broader Markets: What You Should Know
- Constellation Brands (STZ) closed at $211.14 in the latest trading session, marking a -0.31% move from the prior day.
- 08/31/2021
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Constellation Brands (STZ) Stock Sinks As Market Gains: What You Should Know
- Constellation Brands (STZ) closed the most recent trading day at $213.88, moving -0.26% from the previous trading session.
- 08/19/2021
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Constellation Brands to Present Virtually at the Barclays Global Consumer Staples Conference on September 8, 2021
- VICTOR, N.Y., Aug. 19, 2021 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that Garth Hankinson, chief financial officer, will present virtually at the 2021 Barclays Global Consumer Staples Conference on Wednesday, September 8, 2021. The presentation is scheduled to begin at noon ET and is expected to cover the company's strategic business initiatives, financial metrics, operating performance, as well as outlook for the future.
- 08/19/2021
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Constellation Brands (STZ) Outpaces Stock Market Gains: What You Should Know
- In the latest trading session, Constellation Brands (STZ) closed at $213.64, marking a +0.8% move from the previous day.
- 08/13/2021
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Can Corona Beer Stock Make a Comeback?
- Constellation Brands, Inc. (NYSE:STZ) is one of the largest alcoholic beverage companies in the United States.
- 08/06/2021
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Constellation Brands CEO: “opening of the on-premise has been a boon to us”
- Constellation Brands Inc (NYSE: STZ) took a massive hit due to the Coronavirus pandemic as it shuttered restaurants and bars last year. At one point, the stock traded at $120 a share versus $224 a share at the time of writing.
- 08/02/2021
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Constellation Brands Announces Full Redemption of 2.700% Senior Notes Due 2022 and 2.650% Senior Notes Due 2022
- VICTOR, N.Y., July 26, 2021 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it has given notice for full redemption prior to maturity of all of its outstanding 2.700% Senior Notes due 2022 (CUSIP Number: 21036PAR9) and 2.650% Senior Notes due 2022 (CUSIP Number: 21036PAW8) (collectively, the "notes") to be effected on August 25, 2021 (the "redemption date"). As of July 26, 2021, there were $1.2 billion in aggregate principal amount of the notes outstanding.
- 07/26/2021
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Constellation Brands Prices Offering of Senior Notes
- VICTOR, N.Y., July 21, 2021 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it priced the public offering of $1.0 billion of 2.250% Senior Notes due 2031 (the “notes”) for a public offering price of 99.555% of the principal amount of the notes. The notes will be senior obligations that rank equally with all of Constellation's other senior unsecured indebtedness.
- 07/21/2021
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Constellation Brands Earnings Call: 3 Big Takeaways
- Management has big plans for Corona Hard Seltzer after launching the product into a crowded market last year.
- 07/08/2021
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'Seltzer business is going to continue to be a growth driver': Constellation Brands CEO
- President & CEO, Constellation Brands, Bill Newlands, joins Yahoo Finance'a Myles Udland and Brian Sozzi Q1 earnings and the outlook for the company. Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube: https://youtu.be/gx-OzwHpM9k
- 07/05/2021
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Beer sales heat up ahead of the July 4th weekend
- Yahoo Finance's Brian Sozzi and Myles Udland discuss the increase in beer sales. Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube: https://youtu.be/gx-OzwHpM9k
- 07/02/2021
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Constellation Brands stock has upside to $300: RBC's Modi
- Constellation Brands Inc (NYSE: STZ) reported Wednesday fiscal first quarter results that reinforces the bullish case for owning the stock, according to RBC Capital Markets analyst Nik Modi. Path to $300 per share Following Constellation Brands' earnings report, Modi maintained an Outperform rating on the stock with an unchanged $300 price target.
- 07/01/2021
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Constellation Brands Gets It Done in Fiscal Q1
- The alcoholic beverage giant is winning market share and raising prices.
- 07/01/2021
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Corona Beer, Not Seltzer, Keeps Constellation Brands Growing
- The brewer's Mexican imports continue to drive the entire beer market.
- 07/01/2021
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Constellation Brands CEO: Consumer demand is at an all time high
- Constellation Brands CEO Bill Newlands explained how the beer and spirits company, whose brands include Modelo and Corona, is seeing a return in sales to bars and restaurants as the U.S. economy recovers.
- 06/30/2021
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Constellation Brands, Inc. (STZ) CEO William Newlands on Q1 2022 Results - Earnings Call Transcript
- Constellation Brands, Inc. (STZ) CEO William Newlands on Q1 2022 Results - Earnings Call Transcript
- 06/30/2021
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Constellation Brands (STZ) Misses on Q1 Earnings, Updates View
- Constellation Brands' (STZ) Q1 results gain from robust growth in the beer business despite soft wine and spirits performance. It provides an upbeat view for fiscal 2022.
- 06/30/2021
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Constellation Brands Shares Gain On Q1 Beats, Strong FY22 Guidance, Incremental Stock Buyback
- Constellation Brands Inc (NYSE: STZ) reported first-quarter FY22 sales of $2.03 billion, up 3.2% year-on-year, beating the consensus estimate of $2.02 billion. Net sales for the Beer segment grew 14% Y/Y to $1.5 billion, and wine and spirits were fell 22% Y/Y to 454.5 million.
- 06/30/2021
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Constellation Brands, Bed Bath & Beyond report mixed results for fiscal Q1
- Constellation Brands Inc (NYSE: STZ) said on Wednesday its first-quarter sales slightly topped Wall Street estimates. The company, however, marginally missed expectations for adjusted per-share earnings.
- 06/30/2021
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Constellation Brands Stock Rises on Higher Outlook and Strong Beer Sales
- Constellation Brands stock rose Wednesday after the spirits maker boosted its full-year forecast.
- 06/30/2021
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Recap: Constellation Brands Q1 Earnings
- Shares of Constellation Brands (NYSE:STZ) were flat in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 1.30% over the past year to $2.33, which beat the estimate of $2.32.
- 06/30/2021
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Constellation Brands loss narrows as sales squeak past estimates
- Constellation Brands Inc. said Wednesday it had a net loss of $908.1 million, or $4.74 a share, in its fiscal first quarter to May31, narrower than the loss of $177.9 million, or 94 cents a share, posted in the year-earlier period. Adjusted per-share earnings came to $2.33, while earnings excluding its stake in Canadian cannabis company Canopy Growth Corp. came to $2.51.
- 06/30/2021
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Earnings Previews: Micron Technology, Walgreens and More
- With the end of the second calendar quarter of 2021 colliding with the Independence Day holiday, the focus on earnings reports won't really begin until the week of July 12, when the country's largest banks will be revealing their results for the quarter.
- 06/29/2021
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Constellation Brands Earnings Preview
- Constellation Brands (NYSE:STZ) announces its next round of earnings this Wednesday, June 30. Here is Benzinga's everything-that-matters guide for this Wednesday's Q1 earnings announcement.
- 06/29/2021
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Factors to Note Before Constellation Brands (STZ) Q1 Earnings
- Constellation Brands' (STZ) Q1 results are expected to reflect gains from strength in the beer business and Power Brands' growth. Higher costs and Canopy investments are likely to have been headwinds.
- 06/28/2021
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Constellation Brands Could Be the Toast of Wall Street After This Week's Results, Analyst Says
- Goldman Sachs' Bonnie Herzog is high on the spirit maker after upbeat comments from the CFO and her own survey of beer distributors.
- 06/28/2021
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United Airlines, Constellation Brands, Walgreens, Micron, and Other Stocks to Watch This Week
- Companies reporting or hosting investor days this week include Micron, United Airlines, Constellation Brands, Walgreens, and ConocoPhillips. Plus, jobs Friday.
- 06/28/2021
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United Airlines, Constellation Brands, Walgreens, Micron, and Other Stocks to Watch This Week
- Companies reporting or hosting investor days this week include Micron, United Airlines, Constellation Brands, Walgreens, and ConocoPhillips. Plus, jobs Friday.
- 06/27/2021
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Constellation Brands Earnings: What to Watch
- The alcoholic beverage giant will report results on June 30.
- 06/25/2021
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Constellation Brands (STZ) Reports Next Week: Wall Street Expects Earnings Growth
- 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.
- 06/23/2021
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Constellation Brands teams up with ‘Breaking Bad' stars Cranston and Paul
- Constellation Brands Inc (NYSE: STZ) made headlines on Thursday as it took a minority stake in Aaron Paul and Bryan Cranston's mezcal brand, Dos Hombres. The news comes more than a month after the Fortune 500 company reported a decline in its net income in the fiscal fourth quarter.
- 06/17/2021
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Constellation Brands takes minority stake in mezcal brand created by ‘Breaking Bad' actors Bryan Cranston and Aaron Paul
- Aaron Paul and Bryan Cranston are among the famous names that have jumped into the tequila and mezcal business, including Dwayne "The Rock" Johnson, Nick Jonas and Justin Timberlake.
- 06/17/2021
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Constellation Brands invests in Bryan Cranston and Aaron Paul's mezcal
- Corona brewer Constellation Brands announced Thursday that it has taken a minority stake in Dos Hombres.
- 06/17/2021
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Constellation Brands to Report First Quarter Fiscal 2022 Financial Results; Host Conference Call June 30, 2021
- VICTOR, N.Y., June 09, 2021 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today it will report financial results for its fiscal first quarter ended May 31, 2021, on Wednesday, June 30, 2021, 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 11:30 a.m. EDT, June 30, 2021.
- 06/09/2021
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Home Improvement, Beverage Stocks to Rise: BofA's Suzuki
- May.28 -- Liz Suzuki, Bank of America Securities analyst talks about the stocks she's watching this Memorial Day weekend.
- 05/28/2021
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Mexican president says Constellation will build new beer factory
- Mexico's president said on Friday that U.S. brewer Constellation Brands will build a new brewery somewhere in the southeastern part of the country, following a deal he said his government has reached with the company.
- 05/28/2021
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Why Constellation Brands Is A Rising Star Poised To Shoot Higher
- Why Constellation Brands Is A Rising Star Poised To Shoot Higher
- 05/27/2021
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Constellation Brands (STZ) Gains As Market Dips: What You Should Know
- Constellation Brands (STZ) closed at $237.94 in the latest trading session, marking a +0.62% move from the prior day.
- 05/25/2021
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Boston Scientific, Gap, Molson Coors and More Tuesday Afternoon Analyst Calls
- With the trading day more than halfway over, the markets had dipped after a relatively strong start to the day.
- 05/25/2021
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Constellation Brands (STZ) Dips More Than Broader Markets: What You Should Know
- Constellation Brands (STZ) closed at $232.38 in the latest trading session, marking a -0.74% move from the prior day.
- 05/19/2021
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Constellation Brands named top beverage pick at RBC
- RBC Capital Markets released a revised list of its top picks in the Consumer Staples sector. Constellation Brands, (NYSE: STZ) still remains the highest conviction idea on the list.
- 05/18/2021
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Constellation Brands CEO: Black entrepreneurs need more venture funds
- Constellation Brands CEO Bill Newlands discussed the alcohol company's efforts to address the lack of diversity in the industry by backing minority entrepreneurs.
- 05/14/2021
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Constellation Brands buys stake in minority-owned wine La Fête du Rosé
- Constellation Brands Inc. said Thursday it has made its first investment in a Black or minority-owned business by buying a stake in rosé label, La Fête du Rosé. The Corona-beer brewer said the deal is the first in a plan to invest $100 million in Black or minority-owned businesses by 2030.
- 05/13/2021
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Getting Ready for the Weekend with Constellation Brands
- We recommend increasing our exposure to consumer stocks a little more with a new trade in Constellation Brands (NYSE:STZ). The post Getting Ready for the Weekend with Constellation Brands appeared first on InvestorPlace.
- 05/12/2021
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Here's what you need to know about this year's Kentucky Derby
- CNBC's Frank Holland breaks down how the Kentucky Derby typically impacts the economy and how this year may be different. CNBC's Contessa Brewer reports on how the pandemic may impact betting on the most exciting two minutes in sports.
- 04/30/2021
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Where Will Constellation Brands Be in a Year?
- The alcoholic beverage giant is preparing for much higher annual sales.
- 04/27/2021
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Can Constellation Brands Dominate the Beer Market in 2021?
- Management is placing bigger bets on its capacity-boosting projects in Mexico.
- 04/20/2021
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Constellation Brands Earnings: Modelo and Corona Keep Winning Market Share
- The alcoholic beverage giant is looking forward to another big growth year.
- 04/11/2021
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Constellation Brands: Strength in Beer, but Shares Fairly Valued
- Constellation Brands, Inc. (NYSE:STZ) reported earnings results for its fourth quarter of fiscal year 2021 on April 9.
- 04/11/2021
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Hard seltzer is the ‘single best innovation we've ever had': Constellation Brands CEO
- Bill Newlands, Constellation Brands CEO, joins Yahoo Finance to discuss the company's outlook following its fourth quarter earnings beat and Anheuser-Busch's lawsuit.
- 04/09/2021
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Constellation Brands Sold Off After Earnings. Analysts Say Buy the Stock Now.
- Constellation Brands stock extended its decline on Friday, as investors continued to digest the company's downbeat forecast. Analysts, however, rallied to the spirits maker's defense.
- 04/09/2021
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Constellation Brands, Inc. (STZ) CEO William Newlands on Q4 2021 Results - Earnings Call Transcript
- Constellation Brands, Inc. (STZ) CEO William Newlands on Q4 2021 Results - Earnings Call Transcript
- 04/08/2021
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Constellation Brands CEO says Canopy weed business nears profitability
- Constellation Brands CEO Bill Newlands gives his outlook on U.S. marijuana legalization and progress at Canopy Growth, the Canadian weed firm that Constellation has a large stake in.
- 04/08/2021
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Constellation Brands' (STZ) Q4 Earnings & Sales Top Estimates
- Constellation Brands' (STZ) Q4 results gain from robust shipments and depletion growth in the beer business. Also, strength in Power Brands aids shipments in the wine & spirits business.
- 04/08/2021
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Okta's Optimistic Outlook Sends SaaS Stocks Skyward; Constellation Loses Its Buzz
- The stock market had another mixed morning on Thursday.
- 04/08/2021
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Constellation Brands falls post-earnings, Costco March sales top $18 billion
- Costco shares edge higher as Constellation Brands falls despite topping estimates. Yahoo Finance's Julie Hyman, Myles Udland, and Brian Sozzi break down the details.
- 04/08/2021
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Constellation Brands Stock Falls on Fiscal Q4 Profit Dip
- The shares of Constellation Brands, Inc. (NYSE:STZ) are down 5.2% to trade at $222.80 this morning, following the beverage maker's fiscal fourth-quarter earnings report.
- 04/08/2021
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Constellation Brands' net income slides to £278 million in fiscal Q4
- Constellation Brands Inc. (NYSE: STZ) published its earnings report for the fiscal fourth quarter on Thursday that topped analysts' estimates for earnings and revenue. Constellation Brands shares slid just under 5% in premarket trading on Thursday.
- 04/08/2021
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Constellation Brands (STZ) Q4 Earnings and Revenues Surpass Estimates
- Constellation Brands (STZ) delivered earnings and revenue surprises of 22.15% and 5.39%, respectively, for the quarter ended February 2021. Do the numbers hold clues to what lies ahead for the stock?
- 04/08/2021
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Recap: Constellation Brands Q4 Earnings
- Shares of Constellation Brands (NYSE:STZ) rose 0.1% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share were down 11.65% over the past year to $1.82, which beat the estimate of $1.55.
- 04/08/2021
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Constellation Brands Q4 profit falls but beats analyst estimates
- Constellation Brands Inc. posted stronger-than-expected earnings for its fiscal fourth quarter Thursday although profit fell from the year-earlier period. The brewer of Corona beer said it had net income of $382.9 million, or $1.95 a share, in the quarter to Feb. 28, down from $398.4 million, or $2.04 a share, in the year-earlier period.
- 04/08/2021
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Earnings Previews: Conagra, Constellation Brands, Levi Strauss
- There are a few remaining earnings reports to come out for the quarter ending in December (or in January), but investors and analysts are gearing up for next week.
- 04/07/2021
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Top Stocks To Buy This Month Amid Optimistic Markets
- Netflix and Facebook are among the top stocks for April. Q.ai's Artificial Intelligence has also dug up top tech stocks, top consumer stocks, top quality value stocks, and top growth stocks.
- 04/07/2021
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Constellation Brands Earnings Preview
- Constellation Brands (NYSE:STZ) announces its next round of earnings this Thursday, April 08. Here is Benzinga's everything-that-matters guide for this Thursday's Q4 earnings announcement.
- 04/07/2021
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Cramer sees upside in Walmart, Chipotle and more stocks as rare market phenomenon plays out
- "A rally that doesn't bring out sellers is a crazy good thing, and that's exactly what we have right now," Cramer said.
- 04/06/2021
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Constellation Brands Could Rise 30% More on Its Beer Portfolio's Strength, Analyst Says
- The market is underestimating the value of its Corona and Modelo brands, he says.
- 04/05/2021
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Here's How Constellation Brands (STZ) Looks Before Q4 Earnings
- The strength of its brands and endeavors to adapt to the changes in the market is likely to have aided Constellation Brands (STZ) in Q4. Canopy-related headwinds are likely to have persisted.
- 04/05/2021
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3 Questions Constellation Brands Needs to Answer on Thursday
- The beer giant reports fourth-quarter 2020 earnings in just a few days.
- 04/05/2021
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T-Mobile, AMD, Levi Strauss, Constellation Brands, and Other Stocks to Watch This Week
- T-Mobile and Lumen host investor events this week. AMD and Xilinx shareholders vote on their merger.
- 04/04/2021
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Analysts Estimate Constellation Brands (STZ) to Report a Decline in Earnings: What to Look Out for
- 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.
- 04/01/2021
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Is Constellation Brands a Buy?
- The premium beer, wine, and spirits distributor is confronting a changing alcoholic beverage market.
- 03/24/2021
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Brand Investments Shape Constellation Brands' (STZ) Growth Story
- Constellation Brands (STZ) is poised to gain from strength in its beer business, investments in hard seltzer and its premiumization strategy for the wine & spirits business.
- 03/18/2021
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Top Stocks To Buy In March
- Tech investors have been running for the hills lately, with the Nasdaq giving up all of its 2021 gains. In the meantime, Q.ai's AI systems have found the top trending stocks this month to beat the market.
- 03/05/2021
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Constellation Brands to Report Full Fiscal Year and Fourth Quarter 2021 Financial Results; Host Conference Call April 8, 2021
- VICTOR, N.Y., March 04, 2021 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today it will report financial results for its full fiscal year and fourth quarter ended February 28, 2021, on Thursday, April 8, 2021, 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 11:30 a.m. EDT, April 8, 2021.
- 03/04/2021
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3 Stocks to Buy That Offer a Back Door to Marijuana Stocks
- Marijuana stocks are soaring, but if you are still skeptical, here are three companies that offer a curveball way of investing in the space. The post 3 Stocks to Buy That Offer a Back Door to Marijuana Stocks appeared first on InvestorPlace.
- 03/01/2021
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Anheuser-Busch Sues Constellation Brands as It Feels the Heat From Corona Hard Seltzer
- Seltzer doesn't seem like beer until you dive into the weeds of brewing.
- 02/26/2021
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Why You Should Avoid Canopy Growth Stock and Buy Constellation Brands Stock
- Buy Constellation Brands stock instead of Canopy Growth stock because CGC stock is not as safe of an investment as its parent company. The post Why You Should Avoid Canopy Growth Stock and Buy Constellation Brands Stock appeared first on InvestorPlace.
- 02/24/2021
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3 Reasons Why Constellation Brands (STZ) is a Solid Pick
- Constellation Brands (STZ) stands to gain from strength in its beer business, growing exposure in the hard seltzer space and premiumization gains in the wine & spirits business.
- 02/17/2021
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Alphabet, Constellation Brands, Mattel, Callaway Golf and More Tuesday Afternoon Analyst Calls
- With the trading day more than halfway over, the broad markets were trading mixed.
- 02/16/2021
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STZ Pulls Back From Records After AB InBev Lawsuit
- The shares of beverage name Constellation Brands, Inc. (NYSE:STZ) are lower this morning, down 2.4% to trade at $235.44 following news that AB InBev (BUD) is suing the company over its use of the Corona brand name for its hard seltzer.
- 02/16/2021
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Corona and Budweiser parent company sues US beer-maker over use of 'Corona' in hard seltzer name
- The beverage brand that owns Budweiser, Corona, and Stella Artois, is suing US beer-maker Constellation Brands for using the Corona brand name in a hard seltzer, according to a lawsuit filed Monday. Beverage giant Anheuser-Busch InBev (AB InBev) acquired Corona's parent company, Grupo Modelo, in 2013, but US antitrust regulators required it to sell the company's US-based business to Constellation. AB InBev retained rights to the products in other markets, and the deal gave Constellation the rights to produce Corona and other Modelo brands in the US.
- 02/15/2021
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AB InBev takes Constellation to U.S. court over Corona brand name
- The Mexican arm of drinks company Anheuser-Busch InBev accused U.S. firm Constellation Brands in a lawsuit filed on Monday of breaching a deal on the use of the Corona brand name by applying it to a product other than beer.
- 02/15/2021
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Constellation Brands Recommends Shareholders Reject TRC Capital's “Mini-Tender Offer”
- VICTOR, N.Y., Feb. 11, 2021 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ) (“Constellation”) has been notified of an unsolicited “mini-tender” offer by TRC Capital Investment Corporation (“TRC”) to purchase up to 500,000 shares, or approximately 0.29 percent, of Constellation's outstanding Class A common stock at a price of $210.00 per share in cash. TRC's unsolicited offer price is approximately 5 percent less than the $219.99 closing price of Constellation's Class A common stock on January 15, 2021, the last trading day prior to the commencement of the mini-tender offer. Furthermore, TRC's unsolicited offer price is approximately 13 percent less than the $240.34 closing price of Constellation's Class A common stock on February 10, 2021.
- 02/11/2021
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Constellation Brands (STZ) Joins Conviction Buy List
- Constellation Brands (STZ) jumped higher after Goldman Sachs added the stock to its Conviction List and raised its price target to $275.
- 02/09/2021
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Goldman makes a big bet on this beverage maker
- CNBC's Rahel Solomon brings you the biggest analyst calls of the day.
- 02/09/2021
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Goldman Finds Six Reasons To Include Constellation Brands In Conviction List
- Alcohol beverage company Constellation Brands, Inc. (NYSE: STZ) has a path to show "faster and more profitable growth" for six reasons and investors should be buyers of the stock, according to Goldman Sachs. The Constellation Brands Analyst: Bonnie Herzog maintains a Buy rating on Constellation Brands with a price target lifted from $255 to $275.
- 02/09/2021
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Constellation Brands (STZ) Gains But Lags Market: What You Should Know
- Constellation Brands (STZ) closed at $228.63 in the latest trading session, marking a +0.31% move from the prior day.
- 02/08/2021
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Forget Boston Beer, Constellation Brands Is a Better Growth Stock
- Your beer investing dollars will go further with Constellation Brands.
- 02/08/2021
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Why Is Constellation Brands (STZ) Down 0.4% Since Last Earnings Report?
- Constellation Brands (STZ) reported earnings 30 days ago. What's next for the stock?
- 02/06/2021
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Better Buy: Costco vs. Constellation Brands
- An e-commerce success story pitted against a high-end beer seller for your investment dollar.
- 01/22/2021
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Constellation Brands (STZ) Sells Paul Masson, Concludes Divestitures
- Constellation Brands (STZ) concludes all transactions as part of its efforts to accelerate revenue and operating margin growth for the wine and spirits business.
- 01/13/2021
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Constellation Brands Completes Series of Transactions to Premiumize Portfolio With Sale of Paul Masson Grande Amber Brandy to Sazerac
- VICTOR, N.Y., Jan. 12, 2021 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it has closed its sale of the Paul Masson Grande Amber Brandy brand, related inventory, and interests in certain contracts to Sazerac for approximately $265 million, subject to certain post-closing adjustments.
- 01/12/2021
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Apple And Nvidia Among Trending Stocks Rated Top Buy This Week
- We have a very interesting week ahead full of earnings reports and news. But time will tell what will happen.
- 01/11/2021
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Constellation Brands CEO: 'We're Going To Take A Significant Share' Of Seltzer Market
- Alcohol 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: Constellation, the parent company of Corona, Modelo Especial and Svedka Vodka, among many other alcohol brands, reported Thursday a 22% increase in year-over-year revenue in the third quarter at $2.44 billion.
- 01/10/2021
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Constellation Brands' 3rd Quarter Was a Barnburner
- I have been bullish on Constellation Brands, Inc. (NYSE:STZ), the #3 beer company in the United States, for quite some time. The last time I discussed the company, I stated the stock was undervalued by almost 12%.
- 01/10/2021
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Constellation Brands Earnings: Faster Growth and Expanding Cash Flow
- Strong retailing demand from brands like Corona and Modelo offset plunging results at bars and restaurants in the third quarter.
- 01/10/2021
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7 Short-Term Stocks to Move Quickly On
- As 2021 starts, long-term investments may look a little shaky, which could make now an ideal time to look for short-term stocks to buy. The post 7 Short-Term Stocks to Move Quickly On appeared first on InvestorPlace.
- 01/08/2021
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Better Buy: Starbucks vs. Constellation Brands
- One company has a much clearer path to continued success.
- 01/08/2021
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Corona plans second hard seltzer launch this year, Constellation Brands CEO says
- "It's a category that's growing, and we're going to take a significant share of it," Constellation Brands CEO Bill Newlands told CNBC's Jim Cramer.
- 01/07/2021
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Constellation Brands CEO talks alcohol sales in the face of hobbled restaurant industry
- As bars and restaurants continue to face challenges amid the pandemic, Constellation Brands CEO Bill Newlands said home consumption of beer and wine is making up for loss business at establishments.
- 01/07/2021
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Constellation Brands, Inc. (STZ) CEO William Newlands on Q3 2021 Results - Earnings Call Transcript
- Constellation Brands, Inc. (STZ) CEO William Newlands on Q3 2021 Results - Earnings Call Transcript
- 01/07/2021
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STZ Toasts to Record Highs After Earnings
- The shares of Constellation Brands, Inc. (NYSE:STZ) are up 2.8% at $230.07 at last check, after its upbeat fiscal third-quarter report, with the company reporting better-than-expected earnings.
- 01/07/2021
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Constellation Brands tops analysts' estimates for earnings and revenue in Q3
- Constellation Brands Inc. (NYSE: STZ) said that it blew past Wall Street estimates in the fiscal third quarter on Thursday. The company reported £950 million of net income in the quarter that concluded on 30th November that translates to £4.84 per share.
- 01/07/2021
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Constellation Brands (STZ) Beats Q3 Earnings & Sales Estimates
- Constellation Brands' (STZ) Q3 earnings and sales benefit from robust shipments and depletion growth in the beer business. Also, strength in Power Brands aids shipments in the wine & spirits business.
- 01/07/2021
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Constellation Brands Stock Is Climbing After It Posted Strong Earnings
- The company's stake in cannabis firm Canopy Growth also gained in value during the quarter, as the election was seen as increasing the probability of U.S. marijuana decriminalization.
- 01/07/2021
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Constellation Brands (STZ) Beats Q3 Earnings and Revenue Estimates
- Constellation Brands (STZ) delivered earnings and revenue surprises of 28.22% and 7.37%, respectively, for the quarter ended November 2020. Do the numbers hold clues to what lies ahead for the stock?
- 01/07/2021
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Constellation Brands shares up 3.5% premarket after earnings beat
- Constellation Brands Inc. shares rose 3.5% in premarket trade Thursday, after the company beat estimates for its fiscal third quarter. The company posted net income of $1.281 billion, or $6.55 a share, in the quarter to Nov. 30, up from $360.4 million, or $1.85 a share, in the year-earlier period.
- 01/07/2021
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Constellation Brands: Q3 Earnings Insights
- Shares of Constellation Brands (NYSE:STZ) gained 3.2% in pre-market trading after the company reported Q3 results. Quarterly Results Earnings per share rose 44.39% year over year to $3.09, which beat the estimate of $2.39.
- 01/07/2021
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Constellation Brands Reports Third Quarter Fiscal 2021 Results
- VICTOR, N.Y., Jan. 07, 2021 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, reported today its third quarter fiscal 2021 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, January 7, 2021 at 11:30 a.m. (EST).
- 01/07/2021
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Gallo completes $810 million wine megadeal with Constellation
- One of the largest acquisitions in wine-industry history closed Tuesday, as E. & J. Gallo Winery completed its $810 million purchase of about 30 wine labels from Constellation Brands Inc.
- 01/05/2021
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Constellation Brands Announces Full Redemption of 3.75% Senior Notes Due 2021
- VICTOR, N.Y., Jan. 05, 2021 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it has given notice for full redemption prior to maturity of all of its outstanding 3.75% Senior Notes due 2021 (CUSIP Number: 21036PAK4) (the "notes") to be effected on February 4, 2021 (the "redemption date"). As of January 5, 2021, there were $500.0 million in aggregate principal amount of the notes outstanding.
- 01/05/2021
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Constellation Brands Completes Wine and Spirits Transactions With E. & J. Gallo to Focus Portfolio on Consumer Premiumization Trends
- VICTOR, N.Y., Jan. 05, 2021 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it has closed its transaction with E. & J. Gallo Winery to divest a portion of Constellation's wine and spirits portfolio principally priced at $11 retail and below, including certain related facilities located in California, New York, and Washington state. The aggregate transaction price was approximately $810 million, consisting of approximately $560 million in cash paid at closing and the opportunity to receive up to $250 million in earnout payments if brand performance targets are met over a two-year period after closing. The transaction price reflects various adjustments of approximately $220 million related primarily to changes in inventory for which Constellation has already received the benefit.
- 01/05/2021
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Why Earnings Season Could Be Great for Constellation Brands (STZ)
- Investors are always looking for stocks that are poised to beat at earnings season and Constellation Brands, Inc. (STZ Quick QuoteSTZ - Free Report) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
- 01/05/2021
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Constellation Brands Earnings: What to Watch
- The alcoholic beverage giant announces third-quarter results in just a few days.
- 01/05/2021
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Constellation Brands: Good Value Heading Into Likely Strong Q3 2021 Earnings
- Sales and revenue indicators point to another estimate-beating quarter, rounding off a near-perfect two-year streak. Leverage is going down and will be helped by the divestiture and stronger free cash flow.
- 01/05/2021
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Constellation Brands: Upside Remaining Due To Strong Operational Characteristics And Growth Potential
- Constellation Brands has enjoyed strong growth in previous years and will benefit from secular tailwinds going forward. Strong historical profitability has recently dropped due to cannabis-related investments, which we believe will reap Constellation Brands significant long-term benefits.
- 01/04/2021
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Costco, Walgreens Boots Alliance, Constellation Brands, and Other Stocks to Watch This Week
- Conagra, Constellation, Lamb Weston, Micron Technology, and Walgreens Boots Alliance report this week. Plus, December jobs data, Fed minutes, and Georgia special Senate elections.
- 01/03/2021
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3 Things to Watch in the Stock Market This Week
- Costco is one of several stocks set to announce operating results over the next few trading days.
- 01/02/2021
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Constellation Brands (STZ) Earnings Expected to Grow: Should You Buy?
- Constellation Brands (STZ) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 12/31/2020
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Is Constellation Brands (STZ) Likely to Beat on Q3 Earnings?
- Robust depletions and strength in the off-premise channel are likely to aid Constellation Brands' (STZ) Q3 results. Investments in e-commerce and share gains in hard seltzer have been positives.
- 12/31/2020
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Firestone: Be careful that what you're buying hasn't moved too far ahead in anticipation of a reopen
- Karen Firestone of Aureus Asset Management discusses whether investors can still take advantage of further gains in a mix of growth and "re-opening" stocks going into early 2021.
- 12/30/2020
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Constellation Brands (STZ) Receives FTC Approval for Gallo Deal
- Constellation Brands (STZ) receives FTC approval for the sale of a portion of its wine and spirits portfolio to E. & J. Gallo Winery.
- 12/28/2020
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Constellation Brands Receives Clearance From the U.S. Federal Trade Commission to Close Wine and Spirits Transaction With E. & J. Gallo
- VICTOR, N.Y., Dec. 24, 2020 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that the U.S. Federal Trade Commission (FTC) has accepted the proposed consent order in connection with its transaction with E. & J. Gallo Winery to divest a portion of Constellation's wine and spirits portfolio principally priced at $11 retail and below, including certain related facilities located in California, New York, and Washington state. This transaction is scheduled to close the week of January 4, 2021, upon which time final transaction details will be provided.
- 12/24/2020
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Corona Beer Sales Reportedly Unaffected By Unfortunate Name Association
- Marketing executives at Corona beer's parent company Constellation Brands, Inc. (NYSE: STZ) were concerned in early 2020 the brand's unfortunate name resemblance with the coronavirus would impact sales, The Wall Street Journal reported. 'Added Layer' Of Pressure: As the coronavirus swept across the world, Constellation's marketing team faced new pressure in how to promote the product in an uncertain environment.
- 12/22/2020
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Better Buy: McDonald's vs. Constellation Brands
- Will burgers be a better bet than beer next year?
- 12/18/2020
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Constellation Brands Stock Looking to Finish 2020 Strong
- Constellation Brands, Inc. (NYSE:STZ) is the producer and marketer of many well-known beer, spirits and wine brands.
- 12/18/2020
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Where Will Constellation Brands Be in 1 Year?
- Will the alcoholic beverages giant tread water or swim forward next year?
- 12/12/2020
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Traders bet on one beverage and alcohol stock this holiday season
- Wells Fargo's big call on the beverage stocks inspired Todd Gordon of TradingAnalysis.com and Mark Tepper of Strategic Wealth Partners to share their favorites.
- 12/09/2020
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Is Constellation Brands a Buy?
- The company behind Corona beer has seen some heady growth this year.
- 12/04/2020
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Constellation Brands to Report Third Quarter Fiscal 2021 Financial Results; Host Conference Call January 7, 2021
- VICTOR, N.Y., Dec. 03, 2020 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today it will report financial results for its fiscal third quarter ended November 30, 2020, on Thursday, January 7, 2021, 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 11:30 a.m. EST, January 7, 2021.
- 12/03/2020
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Constellation Brands, Inc. (STZ) Presents at Morgan Stanley Global Consumer Broker Conference Call - (Transcript)
- Constellation Brands, Inc. (STZ) Presents at Morgan Stanley Global Consumer Broker Conference Call - (Transcript)
- 12/02/2020
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Alcohol stocks boosted by vaccine hopes
- CNBC's Frank Holland looks at rising alcohol stocks even as hopes for a vaccine grow, and the possibility of people getting out to bars and restaurants increases. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis.
- 12/02/2020
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3 Canadian Pot Stocks All Cannabis Investors Need to Know About
- One of the three benefits enormously from a big pile of cash, and a strategic investor that seems ready for a long haul.
- 11/26/2020
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Constellation Brands to Present Virtually at the Morgan Stanley Conference on December 2, 2020
- VICTOR, N.Y., Nov. 17, 2020 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that Garth Hankinson, chief financial officer, will present virtually at the 2020 Morgan Stanley Conference on Wednesday, December 2, 2020. The presentation is scheduled to begin at 1:00 p.m. ET and is expected to cover the company's strategic business initiatives, financial metrics, operating performance, and recent product portfolio performance, as well as outlook for the future.
- 11/17/2020
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Constellation Brands and E. & J. Gallo Sign Agreement With Federal Trade Commission Staff Relating to Consent Order on Pending Transaction; Constellation Provides Business Update for Fiscal 2021
- VICTOR, N.Y., Nov. 09, 2020 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it and E. & J. Gallo Winery have signed an Agreement Containing Consent Order with the Bureau of Competition of the U.S. Federal Trade Commission (FTC) regarding Gallo's pending acquisition of a portion of Constellation's wine and spirits portfolio principally priced at $11 retail and below, including certain related facilities located in California, New York, and Washington State. The proposed consent order marks the final stages in the FTC review process and remains subject to review and approval by the FTC Commissioners, who typically provide their final review within 30 to 45 days. Therefore, Constellation anticipates closing in the fourth quarter of fiscal 2021.
- 11/09/2020
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Why This Constellation Brands Analyst Sees Beer Rebound Ahead
- Beer maker Constellation Brands, Inc. (NYSE: STZ) is showing early signs of a rebound after COVID-19 forced a shutdown of its Mexican brewery, Morgan Stanley said in an upgrade note. The Constellation Analyst: Dara Mohsenian upgraded Constellation Brands from Equal-weight to Overweight with an unchanged $203 price target.
- 11/03/2020
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Constellation Brands Announces Full Redemption of Senior Floating Rate Notes Due 2021
- VICTOR, N.Y., Oct. 30, 2020 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it has given notice for full redemption prior to maturity of all of its outstanding Senior Floating Rate Notes due 2021 (CUSIP Number: 21036PBA5) (the "notes") to be effected on November 30, 2020 (the "redemption date"). As of October 30, 2020, there were $650.0 million in aggregate principal amount of the notes outstanding.
- 10/30/2020
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Constellation Brands: All Eyes On Reorganization
- Despite the pandemic, Constellation Brands was able to prevent massive losses and was even able to show profitability in Q2. There's every reason to believe that Constellation Brands will be able to drive growth in the following months due to the reorganization of its wine and spirits business.
- 10/27/2020
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