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Mixed Bag For Constellation Brands: Earnings Reveal Strong Profits Amid Sales Forecast Cut
Friday, January 5, 2024 - 1:39pm | 555Constellation Brands Inc (NYSE:STZ) announced its earnings results Friday for the three months ending on November 30, 2023, showing mixed outcomes. The wine and spirits distributor reported a rise in net income to $509.1 million, or $2.76 per share, up from $467.7 million, or $2.52 per share, in...
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Bud Light Maintained Its Dominant Market Position, But That Is Now A Thing Of The Past — Survey Reveals America's New Favorite Beer
Thursday, August 24, 2023 - 2:19am | 682Modelo Especial, a popular Mexican beer, has outpaced Bud Light in sales, dethroning the latter from its position as America’s favorite beer. This shift underscores a significant change in consumer tastes and preferences. What Happened: According to a Tuesday report by Fortune, despite a...
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Kid Rock Caught Drinking Bud Light Months After Blasting Brand
Sunday, August 20, 2023 - 4:36pm | 794Singer Kid Rock has been among the many vocal opponents targeting beer brand Bud Light, which drew controversy after partnering with transgender activist Dylan Mulvaney. After speaking out against the Anheuser-Busch InBev (NYSE: BUD) beer brand and calling for boycotts, the singer might be having a...
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Analysts Think Constellation's Beer Bash Will Keep The Party Going
Friday, October 4, 2019 - 2:00pm | 500Investors were trickling out of the Constellation Brands, Inc. (NYSE: STZ) party on Thursday and Friday, but sell-side analysts urged them to relax, pop open a cold one, and stick around with the stock. “A lull in the party calls for more beer,” wrote one analyst. And the beer was good...
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Beer Pair Trade? Why Boston Beer Could Be Riskier Than Constellation Brands
Thursday, June 25, 2015 - 8:30am | 380A new report by Susquehanna analyst Pablo Zuanic focuses on two big-name alcoholic beverage stocks: Constellation Brands, Inc. (NYSE: STZ) and Boston Beer Co Inc (NYSE: SAM). Although Susquehanna currently has Neutral ratings on both stocks, the firm sees more downside risk to Boston Beer...
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Tapping Into Constellation Brands' Growth, CEO Has Answers
Friday, April 10, 2015 - 1:48pm | 358Constellation Brands, Inc. (NYSE: STZ) came out with better-than-expected quarterly numbers on Thursday. Sales of the company rose 5 percent to $1.36 billion for the quarter, while EPS rose 34 percent to $1.06 year-over-year. Constellation Brands CEO Rob Sands was on CNBC recently to discuss...