ROCHESTER, N.Y., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Constellation Brands (NYSE: STZ), a leading beverage alcohol company, today announced the appointment of E. Yuri Hermida as the company's new Executive Vice President, Chief Growth & Strategy Officer. In this role, Hermida will be responsible for Consumer Insights & Innovation, Digital, Transformation, Media, New Business Ventures, and Strategy & Analytics. He will report directly to Bill Newlands, President and Chief Executive Officer, and will serve as a ...

Core Insights - Constellation Brands is focusing on premiumization by shedding low-end brands for higher-margin premium brands, which is yielding positive results in its beer portfolio while the wine and spirits segment is still stabilizing [1][2]. Group 1: Financial Performance - In the second quarter of fiscal 2025, Constellation Brands reported EPS of $4.32, exceeding consensus estimates by $0.24, while revenues increased by 3% year-over-year to $2.92 billion, falling short of the $2.95 billion consensus [27]. - The beer segment generated $2.53 billion in net sales with an operating income of $1.08 billion, achieving an operating margin of 42.6%, up 270 basis points due to cost savings and volume growth [4]. - The wine and spirits segment saw a 12% year-over-year decline in net sales, generating $388.7 million in net sales with a $70.5 million net loss, and is expected to continue declining at a rate of 4% to 6% year-over-year [5][28]. Group 2: Market Position and Strategy - Constellation Brands maintains a strong competitive position with a well-known portfolio of brands, particularly in the beer segment, which achieved a 6% year-over-year increase in net sales and a 4.6% increase in shipment volume [3][2]. - The company expects to invest approximately $3 billion in capital expenditures from fiscal 2025 to fiscal 2028 to enhance its facilities in Mexico [27]. Group 3: Stock Performance and Analyst Ratings - The current stock price is $243.07, with a price target of $292.38, indicating a potential upside of 20.28% based on 16 analyst ratings [6][27]. - Analysts have given the stock a "Moderate Buy" rating, with 14 Buy ratings and 2 Hold ratings, while the average consensus price target is $295.75 [32][34].

A brief update from my last coverage on Constellation Brands (NYSE: STZ ) (NEOE: STZ:CA ). I gave a buy rating in July, and my key thesis was that STZ should continue to grow its earnings healthily I'm a passionate investor with a strong foundation in fundamental analysis and a keen eye for identifying undervalued companies with long-term growth potential. My investment approach is a blend of value investing principles and a focus on long-term growth. I believe in buying quality companies at a discount to t ...

Last week, Constellation Brands Inc. STZ reported second-quarter adjusted earnings per share of $4.32, beating the analyst consensus of $4.08. Quarterly revenues of $2.92 billion beat the street view of $2.90 billion. The company reported a loss per share of $6.59, including a $2.25 billion non-cash goodwill impairment loss for the Wine and Spirits business. BofA Securities downgraded Constellation Brands, reflecting lowered calendar year 2025 estimates amid slower beer volume growth. The analyst writes, "W ...

Constellation Brands Inc (STZ, Financial), a leading beverage alcohol company, filed its 10-Q report on October 3, 2024, revealing a mixed financial performance. The company reported net sales of $5,580.7 million for the six months ended August 31, 2024, a modest increase from the previous year's $5,351.7 million. However, STZ faced a significant goodwill impairment of $2,250.0 million in its Wine and Spirits segment, reflecting the challenges within this market. Despite this, STZ's strong brand portfolio, ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-08495 CONSTELLATION BRANDS, INC. (Exact name of registrant as specified in its charter) Delaware 16-0716709 ...

Constellation Brands, Inc. (NYSE:STZ) Q2 2025 Earnings Conference Call October 3, 2024 10:30 AM ET Company Participants Joseph Suarez - SVP, IR Bill Newlands - CEO Garth Hankinson - CFO Conference Call Participants Kaumil Gajrawala - Jefferies Dara Mohsenian - Morgan Stanley Bonnie Herzog - Goldman Sachs Nik Modi - RBC Capital Markets Andrea Teixeira - JPMorgan Peter Grom - UBS Michael Lavery - Piper Sandler Filippo Falorni - Citi Robert Moskow - TD Cowen Bill Kirk - ROTH Capital Partners Operator Hello, an ...

Key Takeaways Constellation Brands, the maker of Corona and Modelo beers, posted mixed second-quarter results as wine and spirits sales sank. The maker of Modelo Especial and Corona beer posted strong overall beer sales in the quarter. CEO Bill Newlands said the beverage alcohol market has been negatively impacted by the "current macroeconomic backdrop." Constellation Brands (STZ), the maker of Corona and Modelo beers, posted mixed second-quarter results as wine and spirits sales sank. The company reported ...

Constellation Brands, Inc. (STZ) has reported second-quarter fiscal 2025 results, wherein the bottom line beat the Zacks Consensus Estimate but sales marginally missed the consensus mark. The company's sales and earnings improved year over year. Results primarily benefited from the continued strong performance of the beer business and an improved operating margin, offset by a decline in the wine and spirits business. Comparable earnings per share (EPS) of $4.32 improved 14% year over year in the fiscal seco ...