Tag: $Constellation Brands

Constellation Brands posted better-than-expected sales in its latest quarter as strength in its beer brands helped offset challenges faced among its wine portfolio.

Constellation Brands fell short on quarterly sales and slashed its fiscal-year outlook, cutting sales guidance for its wine and spirits business.

Constellation Brands   raised fiscal-year earnings expectations after reporting second-quarter profit and revenue that beat Wall Street estimates, driven by strength of the Modelo brand.

Canopy has struggled to make money and issued a going-concern warning last month.

Constellation Brands‘ earnings smashed Wall Street’s expectations as it reaffirmed its profit outlook for the year on Friday.

Modelo Especial has quietly overtaken Anheuser-Busch InBev’s Bud Light as the nation’s top-selling beer, punctuating the impact of a boycott that followed the brand’s controversial promotion by a transgender activist.