But Constellation Brands has its own popular brands including Modelo and the recently launched Corona hard seltzer offering. Announces Successful Closing of Business Combination With DermTech, Couchbase Named to Constellation ShortList for Hybrid- and Cloud-Friendly NoSQL Stores in Q3 2019, Alation Named to Constellation ShortList™ for Data Cataloging for Fourth Consecutive Year, Conversica Named to Constellation ShortList for Sales Productivity Solutions, Persistent Systems Named to Constellation ShortList™ for Innovation Services and Engineering, Constellation Research Names Gotransverse to ShortList™ for Top Smart Services Digital Monetization Platforms for Fifth Time. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. That latest investment has been a bit of a drag on the business so far. Corona and Bad Bunny Offer Fans an Exclusive Online Experience. var vOut=""; Investors have become more optimistic about Constellation Brands' (NYSE:STZ) business since the stock hit its 2020 lows in mid-March. { ​, “We've invested in craft spirits, which we think has tremendous upside. Lastest analyses : CONSTELLATION BRANDS INC. 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Sign up to our free newsletter and get the latest news sent direct to your inbox. News; Media Kit; Media Contact; Blog; All 10.22.20. Constellation Brands, Inc. (NYSE:STZ) Q2 2021 Earnings Conference Call October 1, 2020 11:30 AM ET. Cumulative Growth of a $10,000 Investment in Stock Advisor, Constellation Brands Earnings: 3 Trends to Follow @themotleyfool #stocks $STZ $BUD $TAP, Forget AB InBev: Constellation Brands Is a Better Growth Stock, Corona Hard Seltzer Lifts Constellation Brands' Q2 Sales, Better Buy: Costco vs. Constellation Brands. The. Overall beer shipment sales to retailers grew by five per cent in the second quarter, Constellation Brands reported. Let's conquer your financial goals together...faster. A cataclysmic sales slump isn't as much of a concern today, even though the recession could stretch on into 2021, and so Constellation Brands might find room to ramp up stock repurchases and dividends over the next few quarters. 10.08.20. CONSTELLATION BRANDS CONTRIBUTES MORE THAN $100,000 TO CALIFORNIA WILDFIRE RELIEF EFFORTS. 10/05: "While we’re already a leading player in the 3 tier ecommerce, we’re excited about our renewed focus on the direct-to-consumer space with our acquisition of Empathy and our minority investment in the Booker Vineyard's business as we believe e-commerce, including DTC, can become a key growth driver for our business,’​ says CEO Bill Newlands. You're seeing that in some of the new products that we've talked about this year.​, “That's where our focus really lies, and I think there's tremendous opportunity within our portfolio no matter how it shakes out post-COVID.” ​, Copyright - Unless otherwise stated all contents of this web site are © 2020 - William Reed Business Media Ltd - All Rights Reserved - Full details for the use of materials on this site can be found in the Terms & Conditions, Related topics: Newlands refrains from making predictions about which categories will come out on top of a COVID-19 shake-up: but rather highlights ongoing growth in premium products. dataLayerNews = {}; Let's look at the metrics that might determine whether its stock rally will continue into late 2020 and beyond. “I do think it's very fair to say there will be some fundamental change. We're extending our capabilities in seltzer to more than double what we have done in this fiscal year going forward. 10.08.20. But a brutal shift from the on-trade to off-trade during lockdowns is turning into a broader trend that doesn’t look to be going away anytime soon – and helps lay out the foundations of the market within which beverage companies will operate in the future. Finally, Constellation Brands' management team has a strong track record of making shareholder-friendly capital moves. CentralCharts is a social network and an information portal on the financial markets for traders and investors. Subscribe } Constellation Brands struggled with especially weak results in its wine and spirits segment despite some major divestments in fiscal 2020. “It's very difficult in a COVID year to make lots of predictions about what will be sustainable and what will maintain itself once we come out of the COVID scenario and what won't,”​ said Newlands in the company’s Q2, 2021 earnings call this month. Subscribe, By Rachel Arthur Our beer business plays in the high end, which is where the growth in the category is. var reg = new RegExp('\\W+', "g"); See you at the top! Traders may consider trading only short positions (for, A slightly bearish trend and a neutral short term. Get the latest Constellation Brands, Inc. (STZ) stock news and headlines to help you in your trading and investing decisions.

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