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0.000588188113252869 -0.00141699863647309 0.000454508996604441 -0.000213886586637545 -0.00766355639921931 -0.0110418950351576 -0.0126460444349384 -0.0128599310215758
Stock impact report

Hard seltzer a bright spot as Constellation Brands sees decline in second quarter sales [Financial Post (Toronto, Ontario, Canada)]

Constellation Brands, Inc. (STZ) 
Last constellation brands, inc. earnings: 4/3 07:30 am Check Earnings Report
US:NYSE Investor Relations: cbrands.com/investors
Company Research Source: Financial Post
U.S.-based alcohol giant Constellation Brands Inc. reported a decline in year-over-year sales for its fiscal second quarter on Thursday, but saw bright spots in the form of rising beer shipments to retailers and better than expected results from its Corona Hard Seltzer brand. Net sales for the Victor, N.Y., company fell to US$2.2 billion, a four per cent decrease from last year’s second-quarter sales of US$2.3 billion. On a per-share-basis, the company reported a gain of US$2.62. Earnings, adjusted for non-recurring costs, were US$2.76. Because of the global impact of COVID-19, beer production slowed down in Mexico and shipping volumes and distributor inventory levels were affected, the company said. Constellation expects shipping volumes to return to more normal levels into the third quarter. Pot companies bet on cannabis beverage boom in U.S. amid legalization hopes Corona beer vs. coronavirus: Why ‘doing nothing’ about flurry of absurd memes connecting the two may be Constellation’ Show less Read more
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