Core Viewpoint - Constellation Brands, Inc. will report its financial results for the third quarter ended November 30, 2024, on January 9, 2025, before U.S. market opening [1] Group 1: Financial Reporting - The financial results will be discussed in a conference call hosted by President and CEO Bill Newlands and CFO Garth Hankinson at 10:30 a.m. ET on January 9, 2025 [1] - Access to the conference call can be made by dialing +1-877-407-9121 with the conference identification number 13750414 [2] - A live webcast of the conference call will be available on the company's investor relations website [2] Group 2: Company Overview - Constellation Brands is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy [3] - The company aims to build beloved brands and is recognized as one of the fastest-growing large consumer packaged goods companies in the U.S. retail market [3] Group 3: Product Portfolio - The company offers high-end imported beer brands, including Corona Extra and Modelo Especial, as well as fine wine and craft spirits brands like The Prisoner Wine Company and Casa Noble Tequila [4] Group 4: Sustainability and ESG Strategy - Constellation Brands emphasizes sustainable and responsible operations, focusing on environmental stewardship, social equity, and promoting responsible beverage alcohol consumption [5]

Constellation Brands, Inc.’s (STZ) premiumization strategy has been encouraging, as demonstrated by the accelerated growth of its Power Brands. The company has been seeing strength in the beer business for a while now. In the latest announcement, STZ unveiled an agreement with a global spirits company, Sazerac, to divest its SVEDKA brand. However, the financial terms of the deal have been kept under wraps.More on STZ’s Latest NewsThis agreement is built on Constellation Brands’ strategic initiatives to alig ...

Constellation Brands, Inc. (NYSE:STZ) Morgan Stanley Global Consumer & Retail Conference December 3, 2024 2:15 PM ET Company Participants Garth Hankinson - CFO Conference Call Participants Dara Mohsenian - Morgan Stanley Dara Mohsenian Please see the Morgan Stanley research website at www.morganstanley.com for research disclosures. And if you have any questions, you can reach out to your Morgan Stanley representative. With that, I'm very pleased to welcome Constellation Brands and Garth Hankinson, Constella ...

Constellation Brands Inc. Svedka vodka at a liquor store in the Upper East Side neighborhood of New York, US, on Friday, June 28, 2024.Constellation Brands announced Tuesday it will sell its Svedka vodka brand to New Orleans-based spirits company Sazerac.The transaction is expected to close in the coming months, Constellation said in a press release. It did not disclose the value of the deal."The actions we have taken over the past several years to reshape our wine and spirits portfolio support our efforts ...

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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 ...

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 ...

Core Viewpoint - Constellation Brands Inc (STZ) reported mixed financial results in its 10-Q filing, highlighting a modest increase in net sales but significant goodwill impairment in its Wine and Spirits segment, while maintaining a strong position in the beer market with a focus on premiumization and digital business acceleration [1][2]. Financial Performance - STZ reported net sales of $5,580.7 million for the six months ended August 31, 2024, up from $5,351.7 million the previous year, indicating a growth of approximately 4.3% [1]. - The company faced a goodwill impairment of $2,250.0 million in its Wine and Spirits segment, reflecting challenges in that market [1]. Strengths - STZ has a powerful portfolio of high-end beer brands, particularly Mexican imports like Modelo and Corona, which account for 80% of its sales and have driven a $108.9 million increase in beer net sales due to shipment volume growth [2]. - The company maintains a resilient balance sheet with retained earnings of $12,727.2 million as of August 31, 2024, supporting strategic investments and shareholder returns [2]. - STZ's strategic focus on premiumization and digital business acceleration, including the acquisition of the Sea Smoke wine business, enhances its competitive edge [2][5]. Weaknesses - The $2,250.0 million goodwill impairment in the Wine and Spirits segment indicates vulnerabilities, raising concerns about its future outlook [3]. - STZ's heavy reliance on its beer segment, particularly Mexican imports, poses a risk, as 80% of revenue comes from this category [3]. - Operational risks related to production disruptions and supply chain constraints are present, necessitating robust risk management strategies [3]. Opportunities - STZ can expand its market reach by capitalizing on international growth prospects and the rising demand for premium alcoholic beverages [4]. - The company's focus on innovation allows for the development of new products and line extensions, as seen with its investment in the Sea Smoke wine business and entry into the cannabis market [5]. - STZ's Digital Business Acceleration initiative positions it to enhance online presence and e-commerce capabilities, aligning with shifting consumer purchasing behaviors [5]. Threats - Global economic challenges, including inflation and supply chain disruptions, pose significant threats to STZ's cost structure and profitability [6]. - The beverage alcohol industry is highly regulated, and compliance with evolving regulations and ESG considerations requires ongoing investment [6]. - The competitive landscape necessitates continuous innovation and differentiation to maintain market position [6].

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