VP, Communications. Explore all our beers. Drinks giant Constellation Brands has reached an agreement with The Wine Group to divest a portion of its mainstream and premium wine portfolio, including Cooper & Thief, Crafters Union, The Dreaming Tree, Monkey Bay, 7 Moons, and Charles Smith Wines. Earnings for Constellation Brands are expected to grow by 15.06% in the coming year, from $11.09 to $12.76 per share. The company posted a net loss of $1. FRESCA, a beloved zero-calorie, grapefruit citrus-flavored soft drink and currently the fastest-growing trademark in The Coca-Cola Companys U.S. soft-drink portfolio, is a popular cocktail mixer that lifts all spirits its paired with. See how we elevate life with every glass raised. Constellation Brands, Inc. is an international beverage alcohol company. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator Discover the iconic beer, wine and spirits brands you know and love. Guys, interesting report by Constellation Brands, driven unsurprisingly by their beer business. Step away from conventional. All; View Bio. Constellation Brands Inc (NYSE: STZ) reported second-quarter FY23 net sales growth of 12% year-on-year to $2.65 billion, beating the consensus of $2.51 billion. The chart, Leading Distilled Spirits Brands in the U.S., 2019 and 2020, shows a comparison of sales by volume from 2019 to 2020 for the top 20 highest-selling spirits brands in the nation. Melina Param. Spirits; Brand Center; Beer. Constellation Brands, Inc., a Fortune 500 company, is an American producer and marketer of beer, wine, and spirits.Constellation is the largest beer import company in the US, measured by sales, and has the third-largest market share (7.4 percent) of all major beer suppliers. Constellation Brands (STZ 1.42%) Q2 2023 Earnings Call Oct 06, 2022, 10:30 a.m. Learn more about our leaders, officers, and directors. "With the well-known Seattle's Best Coffee brand, we will continue to build our leadership in coffee by offering consumers more choice for their everyday coffee." Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News "Our partnership with Starbucks has confirmed Nestl's leading position in the dynamic and growing global coffee market," said David Rennie, Head of Nestl Coffee Brands. A footnote in Microsoft's submission to the UK's Competition and Markets Authority (CMA) has let slip the reason behind Call of Duty's absence from the Xbox Game Pass library: Sony and Operating margins up 330-basis points year-over-year. Constellations wine/spirits business has recently transitioned, divesting several lower-margin assets, including myriad wine brands and its Ballast Point craft beer brand. Constellation Brands management brings passion to our company and our brands. Constellations wine/spirits business has recently transitioned, divesting several lower-margin assets, including myriad wine brands and its Ballast Point craft beer brand. Don't be surprised if Constellation buys more spirits brands. Constellation Brands' (STZ) Q2 results gain from strong consumer demand for its high-end brands and robust sales growth in the beer business. The company's wine and spirits division is expected to see a sales decline of up to 2%, but operating income is set to increase between 3% and 5%, Constellation Brands said. Price to Earnings Ratio vs. the Market. Our Story. Look no further than Constellation Brands' dramatic wine downsizing in just the past three years, which continued this week as it sold off more lower-shelf brands. Constellation Brands Headquarters 207 High Point Drive #100 Victor, NY 14564 Constellation Brands produces and markets many of the leading imported and craft beers in the U.S., including Corona Extra and Ballast Point. Spirits maker Constellation Brands raised its full-year outlook as it rides a wave of demand for beer, but its stock was in the red on Thursday after it reported losses in its cannabis segment. ET. The board declared a quarterly cash dividend of 80 cents a share. About Us; Our Heritage SVP, ASPIRA Fine Wine & Craft Spirits. Based in Victor, New York, Constellation Constellation Brands divested the majority of its popular and mainstream wine and spirits portfolio in 2021, highlighting its strategy to focus predominantly in premium fine wine and craft spirits. Alex Wagner. Billy Lagor. (E. & J. Gallo Winery gained wines principally priced at $11 retail and below for $810m in February 2021). SVP, Human Resources. Soft Drinks & Water Constellation Brands, Inc. engages in the production, marketing and distribution of beer, wine and spirits. It's been over four years since beer and spirits maker Constellation Brands announced that it would invest $4 billion in Canadian cannabis company Canopy Growth . Constellation Brands is the #1 total beverage alcohol company in the U.S. Suja Life and Vive Organic form wellness shots powerhouse: 'We believe both brands will continue to grow at a double-digit pace' Soft Drinks & Water Plastic recycling is a dead-end street, claims Greenpeace. Constellation Brands Inc. shares STZ, +3.62% rose 2.6% in premarket trade Thursday, after the drinks company blew past estimates for its fiscal second quarter. Constellation said it was the top share gainer in the U.S. beer industry, with four of the top 15 growing high-end brands, noting that Modelo Especial remains both the No. Constellation Brands produces some of the worlds most iconic beer, wine and spirits brands. A footnote in Microsoft's submission to the UK's Competition and Markets Authority (CMA) has let slip the reason behind Call of Duty's absence from the Xbox Game Pass library: Sony and Constellation Brands' (STZ) Q2 results gain from strong consumer demand for its high-end brands and robust sales growth in the beer business. View Bio. Sales strong in Corona and Modelo. Our portfolio of beers outpaces the industry to create an experience as unique as you. Constellation Brands Inc. has sold more of its portfolio as the nations fifth-largest wine company downsizes to focus on the premium market. Has the beverage industry got it all wrong? Constellation's wine and spirits sales increased slightly to $515.8 million from $509.8 million, the company said. Constellation Brands Inc. produces, imports and sells beer, wine and spirits in the United States and other countries. View Bio. It also has investments in medical and recreational cannabis. Constellation Brands. 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