Constellation Brands Earnings Call: 3 Big Takeaways [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
Demitri Kalogeropoulos(TMFSigma)Author BioDemitri covers consumer goods and media companies for Fool.com, as well as broader moves in the economy.Follow @tmfsigmaFollow @TMFSigmaKey PointsIt might be a bumpy ride in 0, butConstellation BrandsNYSE:STZIn a conference call with Wall Street analysts, CEO Bill Newlands and his team explained why they're confidently pouring billions of dollars into upgrading their brewery network. They also explained why investors can expect rising cash returns from this growing business over time.Let's look at the biggest takeaways from that call.Image source: Getty Images.. Big plans for Corona hard seltzerThe beer business kept up its multiyear record of strong growth, with popular brands like Pacifico and Modelo Especial helping push overall depletions -- a measure of consumer sales -- up % in Q. These higher-end imports aredelivering most of the industry's growthThe company has bigger plans for the hard seltzer space that it just entered with the Coron
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News
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STZ
Earnings
- 4/11/24 - Beat
STZ
Sec Filings
- 4/23/24 - Form 4
- 4/23/24 - Form 10-K
- 4/19/24 - Form 144
- STZ's page on the SEC website