Constellation Brands, Inc. (NYSE:STZ) Q1 2025 Earnings Conference Call July 3, 2024 10:30 AM ET Company Participants Joseph Suarez - SVP, IR Bill Newlands - President & CEO Garth Hankinson - CFO Conference Call Participants Andrea Teixeira - JP Morgan Carlos Laboy - HSBC Dara Mohsenian - Morgan Stanley Filippo Falorni - Citi Lauren Lieberman - Barclays Nik Modi - RBC Capital Markets Bryan Spillane - Bank of America Peter Grom - UBS Chris Carey - Wells Fargo Securities Bonnie Herzog - Goldman Sachs Rob Otten ...

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 May 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 (State or other juris ...

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Loading... Constellation Brands, Inc. STZ will release earnings results for its first quarter, before the opening bell on Wednesday. On June 20, UBS analyst Peter Grom maintained Constellation with a Buy and lowered the price target from $320 to $315, while JPMorgan analyst Andrea Teixeira cut the price target from $296 to $291. So, how can investors exploit its dividend yield to pocket a regular $500 monthly? Read This: Wall Street's Most Accurate Analysts Give Their Take On 3 Health Care Stocks With Over ...

In the last reported quarter, the alcohol behemoth delivered an earnings surprise of 7.6%. Its bottom line beat estimates by 6.3%, on average, over the trailing four quarters. The beer segment has also been witnessing premiumization gains, with growth in traditional beer and the flavor category, including seltzers, flavored beer, RTD spirits and flavored malt beverages. These are likely to have aided the top line in the to-be-reported quarter. Our proven model does not conclusively predict an earnings beat ...

While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights. It is projected by analysts that the 'Operating Income- Beer' will reach $885.24 million. Compared to the current estimate, the company reported $797.80 million in the same quarter of the previous year. Analysts on Wall Street project that Constellation Brands (STZ) will announce qu ...

Conclusion In the Q1 2024 10-Q, CEO Bill Newlands commented, "We continue to see strong performance in our core beer business, driven by the continued popularity of Modelo Especial and Corona Extra. Our focus on premiumization and innovation across our wine and spirits portfolio is also yielding positive results. We remain committed to executing our strategy to drive long-term growth and shareholder value." Constellation Brands, Inc. is well-positioned for future growth with its strong portfolio of premium ...

TORONTO, June 18, 2024 (GLOBE NEWSWIRE) -- Today, Topikos Spirit & Beverage Co. (TOPIKOS) and Constellation Brands Inc. announce their partnership, as TOPIKOS becomes the official broker and distributor for Constellation Brands' spirit portfolio across Canada. This partnership introduces an iconic portfolio to the distinguished offerings of TOPIKOS. "We are proud to announce our partnership with Constellation Brands, marking a significant milestone for our company," says Peter Kourtis, TOPIKOS Co-Founder an ...

www.tequilamicampo.com | @tequilamicampo SVEDKA Vodka About Topikos Spirit & Beverage Company (TOPIKOS) Topikos Spirit & Beverage Company (TOPIKOS) is Canadian-owned beverage-alcohol distributor and broker company. TOPIKOS brings industry expertise to both world-class and emerging brands, serving customers and consumers across Canada through a unique distributor and route-to-market model targeting sales, marketing, joint partnerships, brand development and manufacturing with ongoing expansion into the US ma ...

Constellation Brands Inc. (STZ) has stayed ahead of the curve, thanks to its solid brand portfolio and continued efforts to lift the brands through its premiumization efforts. The company's beer business has particularly been gaining from robust performances of Modelo Especial and Corona Extra, and newer brands, Pacifico and the Modelo Chelada. Additionally, its high-end Power Brands, including The Prisoner Brand Family, Kim Crawford and Meiomi, within the Wine & Spirits segment, have been the key growth dr ...