Constellation Brands (STZ) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this wine, liquor and beer company have returned +1% over the past month versus the Zacks S&P 500 composite's +3.9% change. The Zacks Beverages - Alcohol industry, to which Constellation Brands belongs, has gained 1.7% over this period. Now the key question is: Where could the stock be headed in the ne ...

Constellation Brands (STZ) closed the most recent trading day at $245.61, moving +0.14% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.13%. Elsewhere, the Dow gained 0.13%, while the tech-heavy Nasdaq lost 0.32%.Coming into today, shares of the wine, liquor and beer company had lost 3.06% in the past month. In that same time, the Consumer Staples sector gained 2.56%, while the S&P 500 gained 2.99%.The investment community will be closely monitoring the perf ...

Constellation Brands (STZ) ended the recent trading session at $244.90, demonstrating a +0.53% swing from the preceding day's closing price. This change lagged the S&P 500's 0.58% gain on the day. Elsewhere, the Dow gained 0.91%, while the tech-heavy Nasdaq added 0.3%.Coming into today, shares of the wine, liquor and beer company had lost 3.59% in the past month. In that same time, the Consumer Staples sector gained 0.32%, while the S&P 500 gained 4.61%.Investors will be eagerly watching for the performance ...

Constellation Brands (STZ) closed the most recent trading day at $242.55, moving -0.21% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.57% for the day. Elsewhere, the Dow lost 0.14%, while the tech-heavy Nasdaq added 1.25%.The wine, liquor and beer company's stock has dropped by 5.58% in the past month, falling short of the Consumer Staples sector's gain of 0.93% and the S&P 500's gain of 5.07%.Investors will be eagerly watching for the performance of Co ...

Constellation Brands Inc.’s (STZ) strategies reflect a strong focus on market growth, particularly in the beer segment, prudent financial management and a commitment to long-term shareholder value. Despite some challenges, particularly in the Wine & Spirits segment, the company is positioned well with a diverse portfolio, strategic investments and a clear vision for the future. Image Source: Zacks Investment Research Let’s Delve DeeperThe company's beer business showcased an impressive performance, with a n ...

VICTOR, N.Y., Jan. 09, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE:STZ), a leading beverage alcohol company, announced today that it priced the public offering of $400.0 million aggregate principal amount of 4.800% Senior Notes due 2029 (the "notes") for a public offering price of 99.889% of the principal amount of the notes. The notes will be senior obligations that rank equally with all of Constellation's other senior unsecured indebtedness. Closing of the offering is expected to occur on Ja ...

Financial Performance - Constellation Brands' Q3 FY24 net sales increased by 1% to $2471 million compared to Q3 FY23[151, 173] - Comparable EPS (excluding Canopy EIE) increased by 8% to $324[174] - The company revised its Corporate Expense outlook for FY24 and updated its reported EPS while maintaining its comparable EPS outlook[10] - Enterprise net sales are expected to grow by approximately 6% to 7%[13] Segment Results - Beer net sales increased by 4% to $1969 million[86, 157] - Wine and Spirits net sales decreased by 11% to $502 million[86, 177] - Wine and Spirits organic net sales decreased by 7%[14] Cash Flow and Capital Allocation - Operating cash flow for Q3 FY24 YTD was $23 billion[14] - The company expects operating cash flow to be between $26 billion and $28 billion for FY24[14] - $215 million of share repurchases were executed in Q3 FY24, with approximately $26 billion remaining under the total authorization[10, 28] - Capital expenditure of $330 million was primarily focused on Beer brewing capacity additions[10] Outlook - Beer net sales are projected to increase by 7% to 8%[165] - Wine and Spirits net sales are expected to decline by 9% to 7%[14] - The company anticipates a comparable tax rate (excluding Canopy) of approximately 18% to 19%[184] - Comparable EPS (excluding Canopy EIE) is projected to be between $1200 and $1220[184]

Constellation Brands, Inc. (NYSE:STZ) Q3 2024 Earnings Call Transcript January 5, 2024 10:30 AM ET Company Participants Joseph Suarez - SVP of IR Bill Newlands - CEO Garth Hankinson - CFO Conference Call Participants Nik Modi - RBC Capital Markets Bonnie Herzog - Goldman Sachs Kaumil Gajrawala - Jefferies Bryan Spillane - Bank of America Nadine Sarwat - Bernstein Chris Carey - Wells Fargo Dara Mohsenian - Morgan Stanley Andrea Teixeira - JP Morgan Rob Ottenstein - Evercore Lauren Lieberman - Barclays Filipp ...

VICTOR, N.Y., Jan. 05, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE:STZ), a leading beverage alcohol company, reported today its third quarter fiscal 2024 financial results. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Chief Financial Officer, Garth Hankinson, on Friday, January 5, 2024 at 10:30 a.m. EDT. Visit ir.cbrands.com to locate information for joining the conference call or a live, listen-only ...

Robert Hanson to Step Down as EVP & President, Wine & Spirits Division Effective February 29, 2024 Company Initiates Search to Identify New Leader to Guide Next Phase of Growth for Its Wine & Spirits Business VICTOR, N.Y., Jan. 04, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE:STZ), a leading beverage alcohol company, today announced that the Company and Robert Hanson, who has led the transformation of the company's Wine & Spirits business since 2019, have mutually agreed that Mr. Hanson will st ...