How Constellation Brands Overcame a 75% Sales Slump at Bars and Restaurants [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
Constellation Brands(NYSE:STZIn a conference call with Wall Street analysts, CEO Bill Newlands and his team detailed some of those wins while explaining their optimistic long-term outlook. Let's look at some highlights from that chat.Image source: Getty Images.Overcoming challenges"Beer depletions remain strong and consistent with long-term trends despite the lost selling day in the quarter and the virtual shutdown of on-premise sales," Newlands said. "And our wine and spirit power brands continue to gain traction."Just like its larger peers, Constellation Brands saw collapsing demand at bars, restaurants, and other entertainment venues. These on-premises sales dived 7%, in fact, which is on par with whatMolson CoorsAnheuser-Busch InBevBut a 0% sales spike at retailers like supermarkets and convenience stores more than picked up the slack so that overall consumption rose 7% in the beer division. Management estimates that its portfolio, which includes the Modelo, Corona, and Pacifico f
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- 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
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