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Constellation Brands, Inc. - STZ STOCK NEWS

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.

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Constellation Brands CFO to speak at Barclays Global Consumer Staples Conference on Sept. 6
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Constellation Brands to host Investor Day on November 2, 2023, providing insights into growth plans and value creation opportunities.
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Constellation Brands, a leading beverage alcohol company, has announced the election of Luca Zaramella and William T. Giles to its Board of Directors. This comes as part of a comprehensive Board refreshment and governance enhancement process. Constellation has also entered into Information Sharing and Cooperation Agreements with Elliott Investment Management, one of its largest investors. The company will host an investor day later this year to provide an update on its strategic initiatives and outlook.
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Constellation Brands' Chair of the Board, Rob Sands, will retire from his role following the company's Annual Meeting of Stockholders on July 18, 2023. Sands will continue as a Board member. The company is in the process of identifying a new Board Chair.
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Constellation Brands (NYSE: STZ) reported its fiscal year and fourth quarter 2023 financial results on April 6, 2023, showcasing strong performance in the beverage alcohol sector.

The company's portfolio includes renowned brands like Corona and Modelo, driving growth across its operations in the U.S., Mexico, New Zealand, and Italy. Constellation is committed to sustainability, promoting responsible consumption, and enhancing social equity.

Financial specifics and the fiscal year 2024 outlook were discussed in a conference call led by CEO Bill Newlands and CFO Garth Hankinson.

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FAQ

What is the current stock price of Constellation Brands (STZ)?

The current stock price of Constellation Brands (STZ) is $227.63 as of December 20, 2024.

What is the market cap of Constellation Brands (STZ)?

The market cap of Constellation Brands (STZ) is approximately 41.2B.

What products does Constellation Brands produce?

Constellation Brands produces a wide range of beer, wine, and spirits, including Corona Extra, Modelo Especial, Robert Mondavi wines, and SVEDKA Vodka.

Where is Constellation Brands headquartered?

Constellation Brands is headquartered in Victor, New York.

What is Constellation Brands' market position in the beer industry?

Constellation Brands is the third-largest producer and marketer of beer in the U.S. market.

What are Constellation Brands' sustainability goals?

Constellation Brands aims to restore 5 billion gallons of water withdrawals by FY2025 and achieve zero waste certification and circular packaging.

What social initiatives does Constellation Brands support?

They support underserved communities with a $200 million investment in female- and minority-founded businesses and partnerships with organizations like Dress for Success.

How does Constellation Brands contribute to shareholder value?

Through strategic acquisitions, innovation in product offerings, and a strong commitment to ESG goals, Constellation Brands aims to deliver sustained shareholder value.

Does Constellation Brands have any stake in the cannabis industry?

Yes, Constellation Brands owns a 36% stake in Canopy Growth, a Canadian cannabis producer.

What are some of Constellation Brands’ premium brands?

Their premium brands include Robert Mondavi, Clos du Bois, Kim Crawford, and Casa Noble Tequila.

What recent governance enhancements has Constellation Brands made?

They transitioned to a single class of common stock and refreshed their Board to enhance corporate governance.

How can I get the latest updates on Constellation Brands?

For the latest updates, visit their official website and follow them on X, Instagram, and LinkedIn.

Constellation Brands, Inc.

NYSE:STZ

STZ Rankings

STZ Stock Data

41.22B
159.94M
11.9%
81.74%
1.89%
Beverages - Brewers
Beverages
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United States of America
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