Constellation Brands Inc

NYSE:STZUnited States

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• Constellation Brands Affirms Full-Year Revenue Outlook as First-Quarter Results Rise, from 23 minutes ago by MT Newswires

  23 minutes ago by MT Newswires
  Companies Mentioned: STZ
  11:13 AM EDT, 07/03/2024 (MT Newswires) -- Constellation Brands' (STZ) earnings and revenue rose year over year during the fiscal first quarter, as the beer and wine company maintained its full-year revenue outlook. Adjusted earnings came in at $3.5...

• DJ Constellation's Wine and Spirits Biz Soured By Lower Volumes, Higher Costs -- Market Talk, from 1 hour ago by Dow Jones

  1 hour ago by Dow Jones
  Companies Mentioned: STZ
  
  0939 ET - Constellation Brands is riding high from a heady 1Q for its beer business, but its significantly smaller wine and spirits business didn't fare as well. Sales at the unit, which includes brands like Robert Mondavi wines, were down 7% as shipment volumes declined 5.1% and depletions dropped nearly 13%. The company says market conditions remain weak in the U.S. wholesale channel for wines across most price segments. Meanwhile, the unit's operating margin dropped 370 basis points to 15.3% due to both the lower volumes and higher cost of goods sold, which more than offset boosts from lower overhead and marketing costs. (dean.seal@wsj.com)
  

• Sector Update: Consumer Stocks Advance Premarket Wednesday, from 2 hours ago by MT Newswires

  2 hours ago by MT Newswires
  Companies Mentioned: STZ, XLP, XLY, PARA, HEPS
  09:10 AM EDT, 07/03/2024 (MT Newswires) -- Consumer stocks were advancing premarket Wednesday, with the Consumer Discretionary Select Sector SPDR Fund (XLY) 0.3% higher and the Consumer Staples Select Sector SPDR Fund (XLP) up 0.1%. D-MARKET Electro...

• DJ Constellation's Lagers Outgrew Entire Beer Category In F1Q -- Market Talk, from 2 hours ago by Dow Jones

  2 hours ago by Dow Jones
  Companies Mentioned: STZ
  
  0906 ET - Constellation Brands' beers, including the Mexican lagers Modelo and Pacifico, recorded dollar sales and volume growth in the spring quarter that outpaced the total beer category by 7.8 and 8.6 percentage points, respectively. The company's beer brands also outpaced the high-end beer segment on sales and volume growth. Constellation reports that its beer unit had four of the top 15 dollar share-gaining brands across the category. The company's beers have benefited over the past year from a backlash against Bud Light, previously the top-selling beer in America, over a social-media promotion with a transgender advocate. (dean.seal@wsj.com)
  

• DJ Constellation Brands Still Buzzing from Frothy Modelo Sales -- Market Talk, from 2 hours ago by Dow Jones

  2 hours ago by Dow Jones
  Companies Mentioned: STZ
  
  0858 ET - Constellation Brands' beer business logged another strong quarter for sales and shipment volumes during the spring months, led by its Mexican import Modelo, which overtook Bud Light as the best-selling beer brand in America last year following backlash against the blue-canned brew's social-media promotion with a transgender advocate. Depletion volumes were up about 11% for Modelo Especial and up about 21% for Pacifico, another Mexican lager in Constellation's portfolio. Even Modelo Chelada, a michelada-style beer, saw a 5% lift. Depletions of Corona Extra, which Constellation imports in the U.S., were down about 1% but the brand is still expected todeliver depletion growth for F2025. Constellation rises 3.5% to $268 in premarket trading. (dean.seal@wsj.com)