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Author of the article: Bianca Bharti. Investors will also learn on Thursday whether the new Corona brand continued winning market share after quickly establishing itself near the top of sales charts through the early phases of the pandemic. Constellation Brands (NYSE:STZ) issued its quarterly earnings data on Thursday. DermTech Announces Successful Closing of Business Combination with Constellation Alpha Capital Corp. Constellation Alpha Capital Corp. Free newsletter ​, “We've invested in craft spirits, which we think has tremendous upside. Where Will Constellation Brands Be in 5 Years? Corona and Bad Bunny Offer Fans an Exclusive Online Experience. And to some degree, there almost has to be because there has been a significant shift from the on-premise to the off-premise. Investors love the fact that Constellation Brands' business isn't as exposed to the shrinking restaurant and bar industry as Molson Coors and Anheuser-Busch are. Publishing date: Oct 01, 2020 • • 2 minute read. 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. Most relevant news about CONSTELLATION BRANDS, INC. 10/14: CONSTELLATION BRANDS: Canopy Growth Bottom of Form - BioSteel Rapidly Expands U.. AQ. “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. Were Hedge Funds Right About Piling Into Hilton Worldwide Holdings Inc (HLT)? { Investors have become more optimistic about Constellation Brands' (NYSE:STZ) business since the stock hit its 2020 lows in mid-March. The company's focus on the premium side of the market delivered strong profitability in recent years, but that pillar of the investment thesis has been shaky recently. CONSTELLATION BRANDS INC. is part of a very strong bearish trend. “We have worked aggressively, as you've seen, to make sure that our portfolio is positioned for where the consumer is going, not where the consumer has been. Supporting Black-Owned Restaurants: 30,000 Answer the Call to Action. Analyst Report: Constellation Brands, Inc. Was The Smart Money Right About Snap Inc. (SNAP)? News; Media Kit; Media Contact; Blog; News. Constellation Brands … contact, 06-Oct-2020 var aTags = gptValue.split(','); It’s a direction the company has been taking in the last few years and one it remains committed to moving forward (most recent is its acquisition of the remaining interest in Kentucky-based craft spirits producer Copper & Kings​​). The. And our wine business is tremendously positioned to continue to leverage the premiumization trend that's going on. We'll get a major update on that performance picture when Constellation reports its fiscal second-quarter earnings results on Thursday, Oct. 1. However, hedge funds are generally partially hedged and aim at […], Kyle Dennis took a leap of faith and decided to invest his savings of $15K in the stock market — $2.8M later, he owes his success to these strategies. STZ Operating Margin (TTM) data by YCharts. }); Recent investments by Constellation Brands have included the June acquisition of Empathy Wines​​ (a ’high performing, digitally-native wine brand and direct-to-consumer platform’) and a minor investment in the Booker Vineyard’s business (a super-luxury, direct-to-consumer focused wine business). vOut +=', '; In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. } Yet the division still has room to expand toward management's 30% margin target over the next few quarters. We'll get updates on whether these products again helped keep overall sales volumes rising, although at a weaker pace than Boston Beer, over the last few months. $(document).ready(function() { Constellation Brands, Inc. (NYSE:STZ) Q2 2021 Earnings Conference Call October 1, 2020 11:30 AM ET. That streak started with … As with other beverage giants, Constellation Brands notes a shift to e-commerce. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.18 billion. With the categories of beer, wine and spirits – not to forget hard seltzers – all jostling for attention, Constellation highlights the importance of a carefully constructed portfolio (it plays in all the aforementioned categories with brands such as Corona, Modelo Especial, Meiomi, Svedka and High West). The company reported $2.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.51 by $0.25, Briefing.com reports. 10.02.20. dataLayerNews.related_tags = sanitize_gpt_value2("Constellation brands, e-commerce"); Related tags: CONSTELLATION BRANDS INC. live news and press releases : economic, financial and stock exchange information, videos and market rumors Constellation brands, e-commerce Before the pandemic alcohol e-commerce was growing but remained a small fraction of off-premise sales in the US. 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. We're extending our capabilities in seltzer to more than double what we have done in this fiscal year going forward. constellation brands contributes more than $100,000 to california wildfire relief efforts 10.08.20 Supporting Black-Owned Restaurants: 30,000 Answer the Call to Action Get the latest Constellation Brands, Inc. (STZ) stock news and headlines to help you in your trading and investing decisions. I would now like to turn the call over to Patty Yahn-Urlaub, Senior Vice President of Investor Relations. CONSTELLATION BRANDS CONTRIBUTES MORE THAN $100,000 TO CALIFORNIA WILDFIRE RELIEF EFFORTS. With such a pattern, it is difficult to favour buying or selling. ​, “In addition to that, we're doing the kinds of innovations that the consumer is looking for: in things like betterment and convenience.

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