Constellation Brands is a leading beverage alcohol company that specializes in the production and distribution of beer, wine, and spirits
With a diverse portfolio that includes some of the most recognized brands in the industry, the company focuses on innovation and premium products to cater to evolving consumer preferences. Constellation Brands employs strategic investments and partnerships to expand its market presence and enhance its product offerings, making it a significant player in the global beverage alcohol market. The company is dedicated to sustainability and social responsibility, striving to make a positive impact on the communities it serves.
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Shares of beer, wine, and spirits company Constellation Brands (NYSESTZ)
fell 16.7% in the afternoon session after the company reported weak fourth quarter results, which fell below Wall Street's expectations for most of the key metrics we track, including sales, operating profits, and earnings. In addition, management lowered full-year earnings guidance, which is worrisome. Overall, this was a challenging quarter for the company.
The stock has been dealing with concerns about Trump placing 25% tariffs on imports of Mexican goods since Mexican beers like Modelo, Corona and Pacifico make up more than 80% of STZ’s sales.
Beer, wine, and spirits company Constellation Brands (NYSESTZ) missed Wall Street’s revenue expectations in Q4 CY2024, with sales flat year on year at $2.46 billion. Its non-GAAP profit of $3.25 per share was 1.9% below analysts’ consensus estimates.
Wall Street faced heavy selling pressure in its first trading session after former President Jimmy Carter's funeral, as a series of economic developments rattled interest rate and energy markets, sparking heightened risk aversion among investors.
Constellation Brands reported a flat sales year-over-year for Q3, totaling $2.46 billion, below analyst expectations. While the Beer segment saw a 3% sales increase, the Wine and Spirits segment dropped by 14%.
