STZ-B - STZ-B STOCK NEWS

Constellation Brands (NYSE: STZ, STZ-B) has announced its acquisition of a minority stake in Dos Hombres, a craft mezcal brand by Breaking Bad stars Aaron Paul and Bryan Cranston. The deal aims to enhance Constellation's presence in the growing U.S. mezcal market, which saw a 14% growth in 2020. Dos Hombres is independently owned and invested in maintaining its production authenticity. The investment aligns with Constellation's strategy to support high-potential beverage brands.

Constellation Brands (NYSE: STZ, STZ.B) has partnered with Modelo to donate $500,000 to UnidosUS, aimed at enhancing financial security for Hispanic families through empowerment and homeownership initiatives. This donation highlights the ongoing issues faced by Hispanic communities, particularly during the economic hardships of the COVID-19 pandemic. The funds will support financial literacy and counseling programs, enabling over 590,000 families to access housing resources and helping 30,000 buy homes, thus addressing systemic barriers to wealth building.

Constellation Brands (NYSE: STZ, STZ-B) will announce its fiscal Q1 2021 financial results on June 30, 2021, before U.S. market opening. The results will cover the period ending on May 31, 2021. A conference call, featuring CEO Bill Newlands and CFO Garth Hankinson, is set for 11:30 a.m. EDT on the same day. Interested parties can join the call by dialing +1-877-673-1771 and using the conference ID 2996440. A live webcast will also be available on the company's website, along with a financial reconciliation.

Constellation Brands (NYSE: STZ, STZ.B) has acquired a minority stake in La Fête du Rosé, a brand aimed at diverse consumers and founded by Donae Burston. This investment marks the start of Constellation's Focus on Minority Founders initiative, with a commitment to invest $100 million in Black and minority-owned businesses by 2030. Burston, with 15 years in the beverage industry, aims to create a brand that represents inclusivity. The partnership will support La Fête's growth while promoting equity in the beverage alcohol industry.

Constellation Brands (NYSE: STZ, STZ.B) released its fiscal year 2021 results and outlook for FY 2022. The results will be discussed in a conference call hosted by CEO Bill Newlands and CFO Garth Hankinson on April 8, 2021. The company, a major player in the beverage alcohol sector, emphasizes its commitment to growth, enhancing brand experiences, and delivering value to consumers and shareholders. They produce notable brands like Corona and Robert Mondavi. For detailed financials, a PDF report is available on their website.

Constellation Brands (NYSE: STZ, STZ.B) has pledged $1.75 million in support of the National Restaurant Association Educational Foundation’s "Restaurants Advance" campaign. This initiative aims to revitalize the restaurant industry, which lost nearly 2.5 million jobs in 2020 due to COVID-19. The funding will assist in recruiting and training employees to rebuild the workforce. Constellation, alongside brands like Corona and SVEDKA Vodka, previously donated over $1 million to aid restaurant workers during the pandemic. CEO Bill Newlands emphasized the commitment to enhance employment opportunities and support the industry's recovery.

Constellation Brands (NYSE: STZ and STZ.B) announced a $10 million investment in the Clear Vision Impact Fund, aimed at supporting minority-owned businesses, particularly those serving African American and Latinx communities. This commitment is part of a broader goal to invest $100 million in minority enterprises by 2030, reflecting the company's dedication to fostering financial equity. CEO Bill Newlands emphasized the need to dismantle systemic barriers for minority entrepreneurs, while Chief Diversity Officer Michael McGrew noted the importance of providing access to capital for disadvantaged communities.

Constellation Brands (NYSE: STZ, STZ.B) announced it will disclose its financial results for the full fiscal year and fourth quarter ended February 28, 2021, on April 8, 2021, prior to market opening. The conference call led by CEO Bill Newlands and CFO Garth Hankinson is scheduled for 11:30 a.m. EDT the same day. Investors can access the call via phone or listen online through the company's website. Constellation Brands continues to be a leading producer of beer, wine, and spirits internationally.

Constellation Brands (NYSE: STZ, STZ-B) announced executive changes effective March 1, 2021. Jim Sabia has been appointed as Managing Director of the Beer Division, previously serving as Chief Marketing Officer. Mallika Monteiro expands her role to Chief Growth, Strategy, and Digital Officer, overseeing media and digital marketing initiatives. These leadership moves aim to bolster the company's growth strategy and enhance operational capabilities, reflecting Constellation's commitment to innovation and market responsiveness.