Constellation Brands Inc. NYSE: STZ sells beer, wine and spirits. Its portfolio of alcoholic beverage brands is familiar to anyone who's been to a sports bar, had drinks dining in a restaurant or attended a backyard barbecue on a sweltering summer afternoon.
I maintain a buy rating for Constellation Brands due to expected >10% earnings growth, driven by margin expansion and improving demand. STZ reported strong Q2 results with adj EPS of $4.32, beating estimates, and significant EBIT margin expansion, particularly in the beer segment. Despite weak beer depletion growth, STZ continues to gain market share, and recent data shows improving demand trends, indicating a recovery.
Last week, Constellation Brands Inc. STZ reported second-quarter adjusted earnings per share of $4.32, beating the analyst consensus of $4.08. Quarterly revenues of $2.92 billion beat the street view of $2.90 billion.
Constellation Brands CEO Bill Newlands, joins 'Mad Money' host Jim Cramer to talk earnings, international business and beer market share.
In a Friday interview with CNBC's Jim Cramer, Constellation Brands CEO Bill Newlands brushed off concerns about the possibility of higher tariffs. Former President Donald Trump has threatened to impose blanket tariffs as high as 20% on imported goods from all countries.
Constellation Brands, Inc. STZ announced upbeat earnings for its second quarter on Thursday.
CNBC's Jim Cramer explains why he is keeping an eye on shares of Constellation Brands.
Constellation Brands Inc (STZ, Financial), a leading beverage alcohol company, filed its 10-Q report on October 3, 2024, revealing a mixed financial performance. The company reported net sales of $5,580.7 million for the six months ended August 31, 2024, a modest increase from the previous year's $5,351.7 million.
Constellation Brands Inc (NYSE:STZ) shares moved more than 4% lower after the producer and marketer of beer, wine and spirits posted mixed results for the second quarter of fiscal 2025. Revenue of $2.92 billion was short of the $2.95 billion expected by Wall Street analysts.
Constellation Brands, Inc. (NYSE:STZ ) Q2 2025 Earnings Conference Call October 3, 2024 10:30 AM ET Company Participants Joseph Suarez - SVP, IR Bill Newlands - CEO Garth Hankinson - CFO Conference Call Participants Kaumil Gajrawala - Jefferies Dara Mohsenian - Morgan Stanley Bonnie Herzog - Goldman Sachs Nik Modi - RBC Capital Markets Andrea Teixeira - JPMorgan Peter Grom - UBS Michael Lavery - Piper Sandler Filippo Falorni - Citi Robert Moskow - TD Cowen Bill Kirk - ROTH Capital Partners Operator Hello, and welcome to the Constellation Brands' Q2 Fiscal Year 2025 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.
Constellation Brands (STZ), the maker of Corona and Modelo beers, posted mixed second-quarter results as wine and spirits sales sank.
Constellation Brands' Q2 results reflect gains from strong shipment and depletion volumes in the beer business, offset by a soft wine & spirits segment.