Constellation Brands Reports Third Quarter Fiscal 2021 Results

Rhea-AI Summary

Constellation Brands (NYSE: STZ and STZ.B) reported its third quarter fiscal 2021 results on January 7, 2021. Key highlights include continued growth in high-end beer brands such as Corona and Modelo, supporting its position as a leader in the beverage alcohol market. A conference call discussing the results and future outlook is set for January 7, 2021, at 11:30 a.m. (EST). More information is available through their investor relations page.

Positive

• Growth in high-end beer brands like Corona and Modelo.

Negative

• None.

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).

Visit cbrands.com/investors/events to locate information for joining the conference call, or a live, listen-only webcast of the conference call.

ABOUT CONSTELLATION BRANDS
At Constellation Brands (NYSE: STZ and STZ.B), our mission is to build brands that people love because we believe sharing a toast, unwinding after a day, celebrating milestones, and helping people connect, are Worth Reaching For. It’s worth our dedication, hard work, and the bold calculated risks we take to deliver more for our consumers, trade partners, shareholders, and communities in which we live and work. It’s what has made us one of the fastest-growing large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what’s next.

Today, we are a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Every day, people reach for our high-end, iconic imported beer brands such as Corona Extra, Corona Light, Corona Premier, Modelo Especial, Modelo Negra, and Pacifico, and our high-quality premium wine and spirits brands, including the Robert Mondavi Brand Family, Kim Crawford, Meiomi, The Prisoner Brand Family, SVEDKA Vodka, Casa Noble Tequila, and High West Whiskey.

But we won’t stop here. Our visionary leadership team and passionate employees from barrel room to boardroom are reaching for the next level, to explore the boundaries of the beverage alcohol industry and beyond. Join us in discovering what’s Worth Reaching For.

To learn more, follow us on Twitter @cbrands and visit www.cbrands.com.

MEDIA CONTACTS	INVESTOR RELATIONS CONTACTS
Mike McGrew 773-251-4934 / michael.mcgrew@cbrands.com Amy Martin 585-678-7141 / amy.martin@cbrands.com	Patty Yahn-Urlaub 585-678-7483 / patty.yahn-urlaub@cbrands.com Marisa Pepelea 312-741-2316 / marisa.pepelea@cbrands.com

A PDF containing our Third Quarter Fiscal Year 2021 Results and full financial tables is available at: http://ml.globenewswire.com/Resource/Download/c8c4abee-e476-40cd-95a1-187b23914338

 

FAQ

What were the fiscal Q3 2021 results for Constellation Brands (STZ, STZ-B)?

Constellation Brands reported growth in its high-end beer segment for fiscal Q3 2021.

When is the conference call for the fiscal Q3 2021 results of Constellation Brands?

The conference call is scheduled for January 7, 2021, at 11:30 a.m. (EST).

What is the outlook for Constellation Brands after Q3 2021 results?

The outlook will be discussed during the January 7 conference call.

Which brands are performing well for Constellation Brands?

High-end beer brands such as Corona and Modelo are seeing strong growth.