Constelltn Bnds Stock Price, News & Analysis

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.

Constellation Brands (NYSE: STZ and STZ.B) announced a $10 million investment in the Clear Vision Impact Fund, aimed at supporting minority-owned businesses, particularly those serving African American and Latinx communities. This commitment is part of a broader goal to invest $100 million in minority enterprises by 2030, reflecting the company's dedication to fostering financial equity. CEO Bill Newlands emphasized the need to dismantle systemic barriers for minority entrepreneurs, while Chief Diversity Officer Michael McGrew noted the importance of providing access to capital for disadvantaged communities.

Constellation Brands (NYSE: STZ, STZ.B) announced it will disclose its financial results for the full fiscal year and fourth quarter ended February 28, 2021, on April 8, 2021, prior to market opening. The conference call led by CEO Bill Newlands and CFO Garth Hankinson is scheduled for 11:30 a.m. EDT the same day. Investors can access the call via phone or listen online through the company's website. Constellation Brands continues to be a leading producer of beer, wine, and spirits internationally.

Constellation Brands (NYSE: STZ, STZ-B) announced executive changes effective March 1, 2021. Jim Sabia has been appointed as Managing Director of the Beer Division, previously serving as Chief Marketing Officer. Mallika Monteiro expands her role to Chief Growth, Strategy, and Digital Officer, overseeing media and digital marketing initiatives. These leadership moves aim to bolster the company's growth strategy and enhance operational capabilities, reflecting Constellation's commitment to innovation and market responsiveness.

Constellation Brands (NYSE: STZ) has received an unsolicited mini-tender offer from TRC Capital Investment Corporation for up to 500,000 shares of its Class A common stock at $210.00 per share, representing a 5% discount from the market price of $219.99 on January 15, 2021. Constellation disassociates itself from TRC and advises stockholders against tendering shares, cautioning them about the offer's below-market price. TRC has a history of similar offers, which typically provide less investor protection than standard tender offers, raising concerns over potential investor risks.

Constellation Brands (NYSE: STZ and STZ.B) has successfully completed the sale of its Paul Masson Grande Amber Brandy brand to Sazerac for approximately $265 million. This transaction aims to streamline operations and enhance revenue growth by focusing on premium brands that align with consumer trends. This follows recent divestitures, including partnerships with E. & J. Gallo Winery and Vie-Del Company, as Constellation continues to refine its product portfolio.