Constellation “cautiously optimistic” on macro challenges having reached bottom

Constellation Brands' CEO is "cautiously optimistic" on the business having "hit the bottom" when it comes to macro pressures that have affected its sales in recent months. In a call yesterday (7 October) following the release of the group's second quarter results, Deutsche Bank analyst Chris Barnes asked the group to detail expectations for its second half of the fiscal year. While CEO Bill Newlands said he couldn't give any predictions, he noted the group had "seen unprecedented volatility, and there's ...