Profile
Sector:
Consumer DefensiveIndustry:
Wineries & DistilleriesCountry:
United StatesIPO:
17 March 1992Website:
http://www.cbrands.comNext earnings report:
03 July 2024Last dividends:
02 May 2024Next dividends:
N/APrice
after hours | Wed, 03 Jul 2024 20:59:06 GMTAnalysts recommendations
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Included in screeners
STZ Latest News
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.
Constellation Brands (STZ) on Wednesday reported a big jump in first-quarter profit and lifted its full-year guidance on higher beer sales, but wine and spirits sales fell.
Corona beer maker Constellation Brands on Wednesday beat Wall Street estimates for first-quarter profit, helped by strong demand for its core beer brands, which offset the sluggish wines and spirits business.
Constellation Brands' (STZ) Q1 results reflect continued volume growth in the beer business and gains from improved operating margin expansion.
What to Watch: Constellation Brands, Factory Orders, Durable Goods, US Equities, Bonds Close Early, FOMC Meeting Minutes. -------- More on Bloomberg Television and Markets Like this video?
Although the Independence Day holiday on Thursday shortens the trading week, the Friday release of the U.S. jobs report gives investors significant data to close the week. Before that, Federal Reserve Chair Jerome Powell will make comments at an international conference, followed by the release of the minutes from the Fed's June meeting.
What type of business is Constellation Brands?
Constellation Brands, Inc. is an American company engaged in the production and sale of alcoholic beverages in the United States and abroad under the brands Corona Extra, Modelo Especial, Robert Mondavi, Kim Crawford, Meiomi, and SVEDKA Vodka. The company was founded in 1945, with its headquarters located in Victor, New York. The beer segment includes the production of imported, craft, and domestic high-quality beer and other alternative alcoholic beverages. The wine and spirits segment includes brands of wines, spirits, and liqueurs in its portfolio. The corporate segment includes traditional items related to the corporation, including expenses for executive management, corporate development, corporate finance, corporate growth and strategy, human resources, internal audit, investor relations, legal, public relations, and information technology.
What sector is Constellation Brands in?
Constellation Brands is in the Consumer Defensive sector
What industry is Constellation Brands in?
Constellation Brands is in the Wineries & Distilleries industry
What country is Constellation Brands from?
Constellation Brands is headquartered in United States
When did Constellation Brands go public?
Constellation Brands initial public offering (IPO) was on 17 March 1992
What is Constellation Brands website?
https://www.cbrands.com
Is Constellation Brands in the S&P 500?
Yes, Constellation Brands is included in the S&P 500 index
Is Constellation Brands in the NASDAQ 100?
No, Constellation Brands is not included in the NASDAQ 100 index
Is Constellation Brands in the Dow Jones?
No, Constellation Brands is not included in the Dow Jones index
When does Constellation Brands report earnings?
The next expected earnings date for Constellation Brands is 03 July 2024