Can Marijuana Get Beer's Ailing Sales Buzzing Again? [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
Buying into a marijuana company isn't the only way for alcohol companies to make money from the plant. Long thought of as part of the reason for the beer industry's falling sales, legalized marijuana may be what gets it growing again. Although Boston Beer ( NYSE:SAM ) and distiller Brown-Forman ( NYSE:BF-A ) ( NYSE:BF-B ) have included notes in their annual Securities and Exchange Commission filings for several years now that legal weed could adversely impact demand for their beer and spirits, and while some surveys suggest a growing percentage of Americans would substitute marijuana for beer if it were legalized in their state, the relation between beer and weed is really not so clearcut that brewers should be worried. In fact, because others have failed to find a substitution effect between beer drinking and marijuana usage, particularly if on-premise sales were included, rather than being beer's downfall, marijuana could be what helps boost sales as
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News
- Constellation Brands, Inc. (NYSE:STZ) Q4 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Constellation Brands' Continued Beer Strength Offsets Its Wine And Spirits Weakness [Yahoo! Finance]Yahoo! Finance
- Constellation Brands, Inc. (NYSE: STZ) had its price target raised by analysts at Barclays PLC from $294.00 to $295.00. They now have an "overweight" rating on the stock.MarketBeat
- Constellation Brands, Inc. (NYSE: STZ) was upgraded by analysts at Argus from a "hold" rating to a "buy" rating. They now have a $306.00 price target on the stock.MarketBeat
- Constellation Brands: Expect Strong Beer Performance To Continue [Seeking Alpha]Seeking Alpha
STZ
Earnings
- 4/11/24 - Beat
STZ
Sec Filings
- 4/12/24 - Form 144
- 4/12/24 - Form 144
- 4/11/24 - Form 4
- STZ's page on the SEC website