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Earnings season for this year's second quarter is getting into full-swing. As is almost always the case, the quarterly financial results have been a mixed bag.

Vintage Wine Estates will try to sell all of its assets as it restructures following a liquidity crisis

The benchmark S&P 500 index is at a record high, having just closed above the 5,600 level for the very first time. So far, in 2024, the index is up 18%, marking one of the best starts in its history and the best start ever to a presidential election year.

Constellation Brands NYSE: STZ is in the consumer staples sector and is the fourth-largest beverage company in the United States by market capitalization. The firm has underperformed the market and its sector over the past 12 months.

Constellation Brands Inc. STZ posted better-than-expected first-quarter FY25 adjusted earnings on Wednesday.

Constellation Brands reported Q1 results, continuing an expected growth performance driven by very strong beer growth and weaker wine & spirit sales. Q1 and the FY2025 guidance tracks STZ's mid-term 6-8% revenue growth target and margin expansion target into a 33-35% operating margin, laid out in the 2023 Investor Day. With the stagnant stock price, debt paydowns, impressive operating leverage, and beer growth momentum, the valuation now seems fair after I noted an overvaluation previously.

STZ has strong beer sales due to its loyal Hispanic customer base. Recent earnings show positive growth in beer segment, with potential for continued volume growth. Management guidance and historical performance suggest strong EPS growth, making the current valuation attractive.

The Fourth of July is a cornerstone of American tradition that signifies a time for celebration, family gatherings, and festive cookouts. This holiday's cultural impact resonates deeply within the consumer landscape, often driving a surge in spending on goods and services in the consumer discretionary, consumer staple, and retail sectors.

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 Ottenstein - Evercore ISI Robert Moskow - TD Cowen Operator Good morning, and welcome to the Constellation Brands First Quarter Fiscal Year 2025 Earnings Call. At this time, all participants are in a listen-only mode.

Constellation Brands (STZ) fades from session-highs. Constellation Brands is currently an avoid for us in the VICE ETF, notes Dan Ahrens.