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Constellation's wine and spirits sales fall 7%

Constellation’s wine and spirits sales fall 7%
9th April, 2021 by Nicola Carruthers
Svedka owner Constellation Brands saw full-year sales for its wine and spirits unit fall 7%, with a double-digit decline predicted for fiscal 2022.
The 30% ABV zero-sugar Svedka Pure Infusion range was released last year
In the 12 months to February 2021, Constellation Brands’ wine and spirits business saw net sales reach US$2.54 billion, down from US$2.72bn year on year. Operating income fell 12% to US$622.4 million.
In total, the company’s net sales rose 3% to US$8.6bn for fiscal 2021. The company’s biggest business, beer, increased net sales by 8% during the period. ....

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Constellation Brands, Inc.: Constellation Brands to Report Full Fiscal Year and Fourth Quarter 2021 Financial Results; Host Conference Call April 8, 2021

(3)
VICTOR, N.Y., March 04, 2021 (GLOBE NEWSWIRE) Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today it will report financial results for its full fiscal year and fourth quarter ended February 28, 2021, on Thursday, April 8, 2021, before the open of the U.S. markets. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer Bill Newlands and Executive Vice President and Chief Financial Officer Garth Hankinson at 11:30 a.m. EDT, April 8, 2021.
The conference call can be accessed by dialing +1-877-673-1771 and entering conference identification number 4192805, beginning at 11:20 a.m. EDT. A live, listen-only webcast of the conference call will be available on the company s website, www.cbrands.com, under the ....

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Constellation Brands Has Big Plans for 2021

Author Bio
Demitri covers consumer goods and media companies for Fool.com, as well as broader moves in the economy.
Follow @tmfsigma
Constellation Brands (NYSE:STZ) gave investors several reasons to celebrate its recent third-quarter earnings report. Sales growth sped up thanks to booming demand for a few of its imported beer brands, including Modelo and Corona. The alcoholic-beverage specialist is also enjoying booming cash flow that management can direct toward upgrading its brewery network, marketing its products, or directly raising shareholder returns.
CEO Bill Newlands and his team outlined those goals while detailing their aggressive-growth outlook for the next fiscal year in a conference call with investors. Below, we ll look at a few highlights from that discussion. ....

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Constellation Brands (STZ) Q3 2021 Earnings Call Transcript

Operator
Welcome to the Constellation Brands Q3 fiscal year 2021 earnings conference call. [Operator instructions] I would now like to turn the call over to Patty Yahn-Urlaub, senior vice president of investor relations. Please go ahead.
Patty Yahn-Urlaub
Senior Vice President of Investor Relations
Thanks, Jonathan. Good morning, and welcome to Constellation s third-quarter 2021 conference call. I m here this morning with Bill Newlands, our CEO; and Garth Hankinson, our CFO. As a reminder, reconciliations between the most directly comparable GAAP measure and any non-GAAP financial measures discussed on this call are included in our news release or otherwise available on the Company s website at www.cbrands.com. ....

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Constellation sees wine and spirits grow in Q3

Constellation sees wine and spirits grow in Q3
thespiritsbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thespiritsbusiness.com Daily Mail and Mail on Sunday newspapers.

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