Constellation Brands Navigates Soft Sales With Robust Beer Margins

Despite a slight dip in overall sales, Constellation Brands, Inc.’s STZ recent fiscal first-quarter results highlight the resilience of its beer segment, driven by impressive gross margins. This performance and cost efficiencies have allowed the company to reaffirm its full-year guidance even amidst a challenging market.Bank of America Securities (BofA) analyst Peter T. Galbo maintained the Neutral rating on Constellation Brands with a price forecast of $180.Constellation Brands posted fiscal first quarter ...