Don't Tell Constellation Brands the Beer Industry Is Down [The Motley Fool]
Constellation Brands, Inc. (STZ)
Last constellation brands, inc. earnings: 4/3 07:30 am
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Source: The Motley Fool
The Corona distributor had the best performance of any brewer in 2017. Craft-beer sales have slowed to a crawl and the overall beer industry remains stagnant, if not in decline, but Constellation Brands ( NYSE:STZ ) continues to brew up growth regardless. The beer distributor was able to chart a path higher on the basis of its Mexican beer portfolio, which saw depletions jump 9% and drove 80% of total U.S. beer category growth. Even so, although beer represents nearly 60% of its total revenue and 80% of its operating profit, this was the first time in the past 10 quarters that Constellation didn't beat Wall Street expectations. While part of the decline was a result of exiting the Canadian wine business, it can't get past that it wasted money buying two craft breweries. Image source: Getty Images. Brewing up trouble Constellation Brands no longer even talks about its craft-beer acquisitions. In 2015 it bought Ballast Point Brewing for $1 billion, and it used
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STZ
News
- Constellation Brands Announces Conversion of Common Shares and Exchange of Promissory Note Into Exchangeable Shares of Canopy Growth Corporation [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Constellation Brands Announces Conversion of Common Shares and Exchange of Promissory Note Into Exchangeable Shares of Canopy Growth CorporationGlobeNewswire
- Modelo Spiked Aguas Frescas Teams Up With Actress Francia Raisa and Community Changemaker Juixxe to Honor the Street Vendor Community [Yahoo! Finance]Yahoo! Finance
- Modelo Spiked Aguas Frescas Teams Up With Actress Francia Raisa and Community Changemaker Juixxe to Honor the Street Vendor Community [Financial Post (Toronto, Ontario, Canada)]Financial Post
- With the market oversold, we're buying a geopolitical hedge and an unfairly punished beer stock [MSNBC.com]MSNBC.com
STZ
Earnings
- 4/11/24 - Beat
STZ
Sec Filings
- 4/19/24 - Form 144
- 4/18/24 - Form 8-K
- 4/16/24 - Form 4
- STZ's page on the SEC website