Constelltn Bnds Stock Price, News & Analysis

Constellation Brands (NYSE: STZ, STZ-B) has announced its acquisition of a minority stake in Dos Hombres, a craft mezcal brand by Breaking Bad stars Aaron Paul and Bryan Cranston. The deal aims to enhance Constellation's presence in the growing U.S. mezcal market, which saw a 14% growth in 2020. Dos Hombres is independently owned and invested in maintaining its production authenticity. The investment aligns with Constellation's strategy to support high-potential beverage brands.

Constellation Brands (NYSE: STZ, STZ.B) has partnered with Modelo to donate $500,000 to UnidosUS, aimed at enhancing financial security for Hispanic families through empowerment and homeownership initiatives. This donation highlights the ongoing issues faced by Hispanic communities, particularly during the economic hardships of the COVID-19 pandemic. The funds will support financial literacy and counseling programs, enabling over 590,000 families to access housing resources and helping 30,000 buy homes, thus addressing systemic barriers to wealth building.

LiveXLive Media's React Presents announced that the Spring Awakening Music Festival (SAMF) has sold out its Tier 1 General Admission and VIP tickets for October 2-3, 2021. Limited Tier 2 tickets remain available. The festival, featuring top artists like Martin Garrix and Diplo, will host over 70 performers across four stages. The Ultimate VIP experience includes exclusive amenities and a 1-year LiveXLive premium membership. This event marks SAMF's return to Chicago, aiming to enhance LiveXLive's distribution strategy across multiple platforms.

Constellation Brands (NYSE: STZ, STZ-B) will announce its fiscal Q1 2021 financial results on June 30, 2021, before U.S. market opening. The results will cover the period ending on May 31, 2021. A conference call, featuring CEO Bill Newlands and CFO Garth Hankinson, is set for 11:30 a.m. EDT on the same day. Interested parties can join the call by dialing +1-877-673-1771 and using the conference ID 2996440. A live webcast will also be available on the company's website, along with a financial reconciliation.

LiveXLive Media's React Presents has announced the return of the Spring Awakening Music Festival (SAMF) to Chicago's Addams/Medill Park on October 2-3, 2021. This two-day electronic music festival will feature performances from major artists such as Martin Garrix, Excision, and Diplo, among others. Expect over 70 artists across four stages, along with new stage productions and art installations. Last year's virtual SAMF reached over 3 million livestreams showcasing LiveXLive's expanding reach in live events and streaming. Tickets are available now.

Constellation Brands (NYSE: STZ, STZ.B) has acquired a minority stake in La Fête du Rosé, a brand aimed at diverse consumers and founded by Donae Burston. This investment marks the start of Constellation's Focus on Minority Founders initiative, with a commitment to invest $100 million in Black and minority-owned businesses by 2030. Burston, with 15 years in the beverage industry, aims to create a brand that represents inclusivity. The partnership will support La Fête's growth while promoting equity in the beverage alcohol industry.

Constellation Brands (NYSE: STZ, STZ.B) released its fiscal year 2021 results and outlook for FY 2022. The results will be discussed in a conference call hosted by CEO Bill Newlands and CFO Garth Hankinson on April 8, 2021. The company, a major player in the beverage alcohol sector, emphasizes its commitment to growth, enhancing brand experiences, and delivering value to consumers and shareholders. They produce notable brands like Corona and Robert Mondavi. For detailed financials, a PDF report is available on their website.

The National Restaurant Association Educational Foundation (NRAEF) announced the launch of Restaurants Advance, a fundraising campaign aimed at supporting restaurant workers through education and training. Constellation Brands has pledged $1.75 million to this initiative. With over two million restaurant workers impacted since March 2020 and 110,000 restaurants closed permanently, the campaign seeks to empower a diverse workforce through job skills training, apprenticeships, and pathways to ownership.

Constellation Brands (NYSE: STZ, STZ.B) has pledged $1.75 million in support of the National Restaurant Association Educational Foundation’s "Restaurants Advance" campaign. This initiative aims to revitalize the restaurant industry, which lost nearly 2.5 million jobs in 2020 due to COVID-19. The funding will assist in recruiting and training employees to rebuild the workforce. Constellation, alongside brands like Corona and SVEDKA Vodka, previously donated over $1 million to aid restaurant workers during the pandemic. CEO Bill Newlands emphasized the commitment to enhance employment opportunities and support the industry's recovery.