STZ Stock Recent News

Constellation Brands nearly halved its yearly earnings outlook on weak US wine demand as consumers pull back on non-essentials amid sticky inflation.

Constellation Brands, Inc. (NYSE:STZ ) Barclays 17th Annual Global Consumer Staples Conference September 3, 2024 11:15 AM ET Company Participants Bill Newlands - President and Chief Executive Officer Garth Hankinson - Executive Vice President and Chief Financial Officer Conference Call Participants Lauren Lieberman - Barclays Lauren Lieberman Thank you for being here and welcome to the 33rd Annual Barclays Global Consumer Staples Conference. As always, it's awesome to see so many familiar faces once again, and we also welcome some new faces that have joined our Staples family over the past year.

CNBC's Jim Cramer delivers his daily Mad Dash.

Updates reported EPS guidance to $3.05 - $7.92 and raises lower-end of comparable EPS guidance to  $13.60 - $13.80, affirming double-digit comparable EPS growth expectation (1)

ROCHESTER, N.Y., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today it will report financial results for its second quarter ending August 31, 2024, on Thursday, October 3, 2024, before the open of the U.S. markets. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Executive Vice President and Chief Financial Officer, Garth Hankinson, at 10:30 a.m. EDT, October 3, 2024.

Backed by the strength in the beer business, Constellation Brands (STZ) is on track to invest in the next phase of capacity expansion in Mexico.

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Visibility into Online & In-Store Channels Helps Contribute to Agility in Changing Market Visibility into Online & In-Store Channels Helps Contribute to Agility in Changing Market

This earnings season presents a unique opportunity to diversify portfolios with the best beverage stocks. As summer temperatures soar, the beverage industry is primed for a significant surge in sales, drawing the attention of consumers and investors alike.

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