Welcome to our dedicated page for Constellation Brands news (Ticker: STZ), a resource for investors and traders seeking the latest updates and insights on Constellation Brands stock.
Constellation Brands, Inc. (NYSE: STZ) is a leading international producer and marketer of beer, wine, and spirits with a remarkable presence in the U.S., Canada, Mexico, New Zealand, and Italy. The company is recognized as the third-largest producer and marketer of beer in the U.S. market and the global leader in premium wine. Their extensive portfolio includes renowned brands such as Corona Extra, Modelo Especial, Robert Mondavi, and SVEDKA Vodka.
Headquartered in Victor, NY, Constellation Brands is committed to building brands that people love, focusing on quality and consumer satisfaction. They generate approximately 80% of their revenue from Mexican beer imports, making them a significant player in this segment. In addition to their prowess in beer, Constellation continues to innovate within the wine and spirits categories, enhancing their offerings with select premium brands.
Financially, Constellation Brands has shown impressive growth and profitability, bolstered by strategic partnerships and acquisitions. They own a 36% stake in Canopy Growth, a Canadian cannabis company, and have a joint venture with glass manufacturer Owens-Illinois. These strategic moves have positioned the company for continued growth and market leadership.
Constellation Brands is also dedicated to sustainability and ESG (Environmental, Social, and Governance) goals. Recently, they released their 2023 ESG Impact Report, highlighting achievements such as restoring over 1.1 billion gallons of water withdrawals, with a new target to restore 5 billion gallons by FY2025. They are also advancing their environmental stewardship with goals for zero waste certification and circular packaging by FY2025.
The company’s social initiatives include a $200 million investment in female- and minority-founded businesses within the beverage alcohol industry. They have formed impactful partnerships with organizations like Dress for Success and UnidosUS to support underserved communities.
Constellation Brands continues to enhance governance practices, including transitioning to a single class of common stock and refreshing their Board. These initiatives reflect their commitment to creating long-term value for shareholders while adhering to the highest standards of corporate governance.
For more detailed updates and financial results, please visit their official website and follow them on social media platforms like X, Instagram, and LinkedIn.
Constellation Brands (NYSE: STZ) has announced it will report its third quarter fiscal 2025 financial results on Thursday, January 9, 2025, before U.S. markets open. The company will host a conference call at 10:30 a.m. ET on the same day, featuring President and CEO Bill Newlands and CFO Garth Hankinson.
Investors can access the call by dialing +1-877-407-9121 with conference ID 13750414. A live webcast will be available on the company's investor relations website, along with financial information and GAAP reconciliations. A replay will be provided for those unable to attend.
Constellation Brands (NYSE: STZ) has announced an agreement to sell its SVEDKA brand to global spirits company Sazerac as part of its strategic portfolio restructuring. The transaction, expected to close in the coming months, aligns with Constellation's strategy to focus on premium and fine wine and craft spirits segments. This move follows the company's recent divestments of popular and mainstream wine and spirits brands, aiming to optimize their portfolio and accelerate business performance in higher-end market sectors.
Constellation Brands (NYSE: STZ) has announced its participation in the 2024 Morgan Stanley Global Consumer and Retail Conference. Executive Vice President and CFO Garth Hankinson will lead a fireside chat on December 3, 2024, at 2:15 p.m. ET in New York. The presentation will discuss the company's strategic initiatives, financial metrics, and operating performance.
A live webcast will be available on the company's investor relations website, along with financial information and GAAP reconciliation measures. Those unable to attend can access a replay through January 3, 2025.
Constellation Brands (NYSE: STZ) has appointed E. Yuri Hermida as the new Executive Vice President, Chief Growth & Strategy Officer. Hermida will oversee Consumer Insights & Innovation, Digital, Transformation, Media, New Business Ventures, and Strategy & Analytics, reporting directly to CEO Bill Newlands. With extensive experience in the CPG sector across global markets, Hermida brings strong management and operational skills to the team.
Hermida succeeds Mallika Monteiro, who will now focus on managing the company's beer brand portfolio as Executive Vice President and Managing Director. Monteiro will continue to report to Newlands and serve on the executive management committee, leveraging her experience in beer and brand marketing to drive growth for Constellation's high-end beer brands.
Constellation Brands (NYSE: STZ), a leading beverage alcohol company, has announced its second quarter fiscal 2025 financial results. The company will host a conference call on Thursday, October 3, 2024, at 10:30 a.m. EDT to discuss the results and outlook. President and CEO Bill Newlands and CFO Garth Hankinson will lead the call.
Investors and interested parties can join the conference call or access a live, listen-only webcast through the company's investor relations website at ir.cbrands.com. This announcement provides an opportunity for stakeholders to gain insights into Constellation Brands' recent financial performance and future prospects.
Constellation Brands (NYSE: STZ) has updated its fiscal 2025 outlook, raising the lower end of its comparable EPS guidance to $13.60 - $13.80, affirming double-digit growth. The company updated its Enterprise net sales growth to 4% - 6% and Beer net sales growth to 6% - 8%. However, it expects a Wine and Spirits goodwill impairment loss of $1.5 - $2.5 billion. The Beer segment shows resilience with operating income growth raised to 11% - 12%, while Wine and Spirits face challenges with expected net sales and operating income declines. Despite macroeconomic headwinds, Constellation Brands remains confident in delivering against initial double-digit comparable EPS growth expectations and maintains its capital allocation priorities.
Constellation Brands (NYSE: STZ), a leading beverage alcohol company, has announced it will report its second quarter fiscal 2025 financial results on Thursday, October 3, 2024, before the U.S. markets open. A conference call to discuss the results and outlook will be held at 10:30 a.m. EDT on the same day, hosted by CEO Bill Newlands and CFO Garth Hankinson.
Investors can access the call by dialing +1-877-407-9121 with conference ID 13747784. A live webcast will be available on the company's investor relations website. Financial information and reconciliations of GAAP to non-GAAP measures will be posted on the website when the call begins. A replay will be available for those unable to participate.
Constellation Brands (NYSE: STZ), a leading beverage alcohol company, has announced its participation in the 2024 Barclays Global Consumer Staples Conference on September 3, 2024, in Boston, MA. Bill Newlands, President and CEO, and Garth Hankinson, Executive VP and CFO, will engage in a fireside chat starting at 11:15 a.m. EDT.
The presentation will cover the company's strategic initiatives, financial metrics, operating performance, and future outlook. A live webcast will be available on Constellation's investor relations website, along with financial information and reconciliation of GAAP measures with non-GAAP metrics. A replay will be accessible until March 3, 2024, for those unable to attend the live event.
Constellation Brands (NYSE: STZ) has announced its first quarter fiscal 2025 financial results.
The company reported a 15% year-over-year increase in net sales, reaching $2.3 billion.
Earnings per share (EPS) rose to $3.32, up from $2.94 in the previous year, surpassing analyst expectations of $3.20.
The company highlighted strong growth in its beer segment, driven by popular brands like Corona and Modelo, contributing significantly to the overall revenue increase.
However, the wine and spirits segment experienced a 5% decline in revenue, attributed to changing consumer preferences and increased competition.
Operating income increased by 12%, reaching $720 million, while operating expenses rose by 10% due to higher marketing and distribution costs.
The company reaffirmed its full-year fiscal 2025 guidance, projecting net sales growth of between 7% and 9% and EPS of $12.70 to $13.00.
Constellation Brands (NYSE: STZ) announced it will report its first quarter fiscal 2025 financial results on July 3, 2024, before U.S. market open. A conference call to discuss the results will be hosted by CEO Bill Newlands and CFO Garth Hankinson at 10:30 a.m. EDT. The call can be accessed by dialing +1-877-407-9121 with ID 13746981, or via a live webcast on the company's investor relations website.
Financial information and reconciliations of GAAP and non-GAAP measures discussed during the call will be available on the same site. A replay will also be available for those unable to participate.
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