Welcome to our dedicated page for Constelltn Bnds news (Ticker: STZ), a resource for investors and traders seeking the latest updates and insights on Constelltn Bnds stock.
Constellation Brands (STZ) is a leading international producer of premium alcoholic beverages, renowned for its strategic market presence and iconic brands. This page serves as your centralized source for official company announcements, financial updates, and industry developments.
Access real-time insights into STZ's business trajectory through curated press releases covering earnings reports, product innovations, sustainability initiatives, and strategic partnerships. Investors will find essential updates on shareholder value drivers, while industry professionals gain visibility into market trends shaped by the company's operations.
Our news collection features:
- Quarterly financial results and analyst commentary
- Product portfolio expansions across beer, wine, and spirits categories
- Strategic investments in emerging market segments
- Operational milestones and distribution network updates
For stakeholders tracking the alcoholic beverage sector, this resource offers reliable information directly from corporate sources. Bookmark this page to maintain informed perspectives on STZ's market position and industry leadership.
Constellation Brands (NYSE: STZ and STZ.B) announced that the U.S. Federal Trade Commission (FTC) has approved the proposed consent order for the company's divestiture of certain wine and spirits assets to E. & J. Gallo Winery. The transaction, valued at $11 retail and below, is set to close the week of January 4, 2021. The FTC also approved separate divestitures to Sazerac and Vie-Del Company. This approval fulfills all antitrust requirements, allowing Constellation to proceed with the transactions.
Constellation Brands (NYSE: STZ, STZ-B) announced it will report its fiscal Q3 2021 results on January 7, 2021, prior to U.S. market opening. The results will be discussed in a conference call hosted by CEO Bill Newlands and CFO Garth Hankinson at 11:30 a.m. EST. A live webcast will also be available on the company’s website. Constellation Brands, a major player in the beverage alcohol industry, operates in the U.S., Mexico, New Zealand, and Italy, focusing on premium beer, wine, and spirits.
Constellation Brands (NYSE: STZ, STZ.B) announced that CFO Garth Hankinson will virtually present at the 2020 Morgan Stanley Conference on December 2, 2020, at 1:00 p.m. ET. The presentation will highlight the company's strategic initiatives, financial metrics, and product portfolio performance, along with future outlook.
A live webcast of the presentation will be available on www.cbrands.com. A replay will be accessible until January 6, 2021.
Constellation Brands (NYSE: STZ, STZ.B) announced an agreement with E. & J. Gallo Winery concerning Gallo's acquisition of parts of Constellation's wine and spirits portfolio, valued at approximately $1.03 billion. The FTC review process is in final stages, with expected closure by Q4 of fiscal 2021. Constellation anticipates maintaining its 7%-9% growth projection for its Beer Business, despite COVID-19 challenges. Ongoing divestitures include the Nobilo Wine brand for $130 million and the Paul Masson brand for $255 million.
Constellation Brands has announced its plans to redeem all outstanding Senior Floating Rate Notes due 2021, totaling $650 million. This redemption will take place on November 30, 2020, at 100% of the principal amount plus accrued interest. This strategic financial move reflects Constellation's commitment to managing its debt effectively. The company is a leading player in the beverage alcohol sector, known for brands like Corona and Modelo, and is continuously focusing on strengthening its market position.
Constellation Brands (NYSE: STZ, STZ.B) has elected Nicholas I. Fink, CEO of Fortune Brands Home & Security, to its board of directors starting January 4, 2021. This election expands the board from 12 to 13 members. Fink brings a wealth of experience in beverage alcohol and international business, which is expected to enhance strategic growth. He expressed excitement about joining a leading CPG company and looks forward to contributing to its success. Constellation aims to leverage consumer insights and maintain its growth trajectory in the beverage alcohol market.
Constellation Brands (NYSE: STZ, STZ-B) has released its second quarter fiscal 2021 financial results, reflecting its ongoing strength in the beverage alcohol sector. The company, recognized for its premium brands including Corona and Robert Mondavi, continues to expand its market presence. A conference call will discuss these results further on October 1, 2020, at 11:30 a.m. EDT. Investors can access more details via the company’s investor webpage.
Constellation Brands (NYSE: STZ, STZ-B) announced it will release its fiscal second quarter financial results on October 1, 2020, before the U.S. market opens. The conference call, featuring CEO Bill Newlands and CFO Garth Hankinson, is set for 11:30 a.m. EDT, with access starting at 11:20 a.m. EDT. Investors can join via phone or listen to a live webcast on the company's website. This event follows Constellation's commitment to transparency and engagement with shareholders, highlighting their mission to deliver valued brands in the beverage alcohol sector.
Constellation Brands (NYSE: STZ, STZ.B) announced that its CFO, Garth Hankinson, will present virtually at the 2020 Barclays Global Consumer Staples Conference on September 9, 2020, at 11:20 a.m. ET. The presentation will cover the company’s strategic initiatives, financial metrics, and future outlook. A live webcast will be available on the company’s website, with a replay accessible until October 9, 2020. Constellation Brands is a top international producer of beverage alcohol, featuring iconic brands like Corona and Robert Mondavi.
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