Constellation Brands: Results Surpass Projections, Outlook Positive [Seeking Alpha]
Constellation Brands, Inc. (STZ)
Last constellation brands, inc. earnings: 4/3 07:30 am
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US:NYSE Investor Relations:
cbrands.com/investors
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Source: Seeking Alpha
The company also increased dividends, which can add to the returns. Additionally, as a consumer staple stock, it's a safe buy when the consumer economy is weakening. There are pockets of weakness, like in its Wine and Spirits segment, but that's expected to subside in FY25 as well, while its Beer business continues to grow. The consumer economy might be showing signs of softening, but alcoholic drinks manufacturer Constellation Brands ( NYSE: STZ ) is holding up rather well. The owner of Corona and Modelo beers released its final quarter (Q4 FY24) and full year FY24 (year ending February 2023) results yesterday, which show that despite pockets of weakness, its performance is good. The fact that earnings per share [EPS] figures exceeded the company's guidance is a particular highlight. Further, the outlook for FY25 is good too. The stock's prospects for the remainder of 2024 have also improved as a result as well. In other words, STZ can continue its sector beating performance i
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STZ
News
- Corona Premier® Launches ‘Premier Side of Light' Campaign and Appoints New Director of Lifestyle Matt James [Yahoo! Finance]Yahoo! Finance
- The Constellation Brands, Inc. (NYSE:STZ) Full-Year Results Are Out And Analysts Have Published New Forecasts [Yahoo! Finance]Yahoo! Finance
- Constellation Brands Full Year 2024 Earnings: In Line With Expectations [Yahoo! Finance]Yahoo! Finance
- Yerbaé Expands Distribution Network with Two New Partnerships [Yahoo! Finance]Yahoo! Finance
- New deal puts 2 of WA state's largest wine producers back in Washington hands [Yahoo! Finance]Yahoo! Finance
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