Constellation Brands Reports Fiscal Year and Fourth Quarter 2023 Financial Results and Fiscal Year 2024 Outlook
Constellation Brands (NYSE: STZ) reported its fiscal year and fourth quarter 2023 financial results on April 6, 2023, showcasing strong performance in the beverage alcohol sector.
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Rhea-AI Summary
Constellation Brands (NYSE: STZ) reported its fiscal year and fourth quarter 2023 financial results on April 6, 2023, showcasing strong performance in the beverage alcohol sector.
The company's portfolio includes renowned brands like Corona and Modelo, driving growth across its operations in the U.S., Mexico, New Zealand, and Italy. Constellation is committed to sustainability, promoting responsible consumption, and enhancing social equity.
Financial specifics and the fiscal year 2024 outlook were discussed in a conference call led by CEO Bill Newlands and CFO Garth Hankinson.
Positive
- Strong portfolio with popular brands like Corona and Modelo driving significant market share.
- Commitment to sustainability and responsible consumption enhances brand image.
Negative
- None.
Details
News Market Reaction – STZ
The recorded move for STZ in the trading session of this news was +1.45%.
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VICTOR, N.Y., April 06, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, reported today its fiscal year and fourth quarter 2023 financial results and fiscal year 2024 outlook. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Chief Financial Officer, Garth Hankinson, on Thursday, April 6, 2023 at 10:30 a.m. EDT. Visit ir.cbrands.com to locate information for joining the conference call, or a live, listen-only webcast of the conference call.
ABOUT CONSTELLATION BRANDS
Constellation Brands (NYSE: STZ) is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It’s worth our dedication, hard work, and calculated risks to anticipate market trends and deliver more for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what’s next.
Every day, people reach for our high-end, iconic imported beer brands such as those in the Corona brand family like the flagship Corona Extra, Modelo Especial and the flavorful lineup of Modelo Cheladas, Pacifico, and Victoria; our fine wine and craft spirits brands including The Prisoner Wine Company, Robert Mondavi Winery, Casa Noble Tequila, and High West Whiskey; and our premium wine brands such as Kim Crawford and Meiomi.
As an agriculture-based company, we have a long history of operating sustainably and responsibly. Our ESG strategy is embedded into our business and our work focuses on serving as good stewards of the environment, enhancing social equity within our industry and communities, and promoting responsible beverage alcohol consumption. These commitments ground our aspirations beyond driving the bottom line as we work to create a future that is truly Worth Reaching For.
To learn more, visit www.cbrands.com and follow us on Twitter, Instagram, and LinkedIn.
| MEDIA CONTACTS | INVESTOR RELATIONS CONTACTS |
| Amy Martin 585-678-7141 / amy.martin@cbrands.com Carissa Guzski 315-525-7362 / carissa.guzski@cbrands.com | Joseph Suarez 773-551-4397 / joseph.suarez@cbrands.com Snehal Shah 847-385-4940 / snehal.shah@cbrands.com David Paccapaniccia 585-282-7227 / david.paccapaniccia@cbrands.com |
A PDF containing our Fiscal Year and Fourth Quarter 2023 Financial Results and Fiscal Year 2024 Outlook and full financial tables is available at: http://ml.globenewswire.com/Resource/Download/280a46b0-2c5c-48a9-8096-c3273d5fefde
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