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%.
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Constellation Brands shares plunged Friday, after the maker of beer, wine, and spirits cut its guidance as consumers held back spending.
Alcohol maker Constellation Brands said lower sales of its struggling wine and spirits business continued to hit its results in its fiscal third quarter, as it cut its outlook for the year.
Constellation Brands has been seeing soft demand in its wine and spirits segment, and the alcohol producer recently said it will weigh on its second-quarter results. Beer sales in bars and ...
Constellation Brands, a leading American multinational beverage alcohol company, recently hosted its Q3 fiscal '25 earnings call. The conference call provided insights into the company's performance and outlook amidst macroeconomic uncertainty.
In other beverage news, a protein water maker is hoping its reformulation will catch the attention of fitness-minded consumers.
Many of Washington’s biggest lobbying firms notched a strong close to the Biden administration in defiance of the usual election year slowdown.
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G2 Esports, one of the biggest names in competitive gaming, is making a play for broader entertainment fame. The next set-piece is a media shop called 62, staffed by ad industry veterans.
Levi & Korsinsky notifies investors that it has commenced an investigation of Constellation Brands, Inc. ('Constellation Brands, Inc.')
In this article, we are going to take a look at where Constellation Brands, Inc. (NYSE:STZ) stands against other undervalued defensive stocks for 2025. The consumer defensive sector covers ...