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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), 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.
Ascend Wellness Holdings (AAWH), a multi-state cannabis operator, announced the appointment of Julie Francis to its Board of Directors, effective June 3, 2024. This expansion increases the board members from six to seven. Francis, recognized as an independent director by SEC and NYSE standards, brings extensive experience from her roles at Schwan's Company, Constellation Brands, and Coca-Cola Refreshments. Her appointment strengthens AWH's governance practices and aligns with its growth objectives. Executive Chair, Abner Kurtin, highlighted her expertise in the consumer goods sector as a valuable asset for the company.
Constellation Brands (NYSE: STZ) announces an updated presentation time for Bill Newlands, CEO, and Garth Hankinson, CFO, at the Bernstein 40th Annual Strategic Decisions Conference on May 29, 2024, in New York, NY. The presentation will start at 4:30 p.m. EDT and will cover strategic business initiatives, financial metrics, operating performance, and future outlook. A live webcast will be available on the company's investor relations website, with a replay accessible until November 29, 2024.
Constellation Brands (NYSE: STZ) announced that its CEO, Bill Newlands, and CFO, Garth Hankinson, will present at the Bernstein 40th Annual Strategic Decisions Conference on May 29, 2024. The session is scheduled for 2:30 p.m. EDT in New York, NY, and will cover the company's strategic initiatives, financial metrics, operating performance, and future outlook. A live webcast will be available on the company’s investor relations website, along with financial information and reconciliations of GAAP and non-GAAP measures. A replay will be accessible until November 29, 2024.
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