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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, 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.
The National Restaurant Association Educational Foundation (NRAEF) announced the launch of Restaurants Advance, a fundraising campaign aimed at supporting restaurant workers through education and training. Constellation Brands has pledged $1.75 million to this initiative. With over two million restaurant workers impacted since March 2020 and 110,000 restaurants closed permanently, the campaign seeks to empower a diverse workforce through job skills training, apprenticeships, and pathways to ownership.
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.
Constellation Brands (NYSE: STZ) has received an unsolicited mini-tender offer from TRC Capital Investment Corporation for up to 500,000 shares of its Class A common stock at $210.00 per share, representing a 5% discount from the market price of $219.99 on January 15, 2021. Constellation disassociates itself from TRC and advises stockholders against tendering shares, cautioning them about the offer's below-market price. TRC has a history of similar offers, which typically provide less investor protection than standard tender offers, raising concerns over potential investor risks.
Constellation Brands (NYSE: STZ and STZ.B) has successfully completed the sale of its Paul Masson Grande Amber Brandy brand to Sazerac for approximately $265 million. This transaction aims to streamline operations and enhance revenue growth by focusing on premium brands that align with consumer trends. This follows recent divestitures, including partnerships with E. & J. Gallo Winery and Vie-Del Company, as Constellation continues to refine its product portfolio.
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.
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