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Don't Tell Constellation Brands the Beer Industry Is Down [The Motley Fool]

CONSTELLATION BRANDS (STZ)  More Company Research Source: The Motley Fool
Last constellation brands earnings: 3/29 07:30 am Check Earnings Report
US:NYSE Investor Relations: cbrands.com/investors
PDF 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 [Read more]

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