Constelltn Bnds Stock Price, News & Analysis

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.

Constellation Brands (NYSE: STZ) announced its first quarter fiscal 2021 results on July 1, 2020. The earnings report reflects the company's performance and outlines future expectations. A conference call will be held to discuss the financial results at 11:30 a.m. EDT. Constellation Brands is recognized for its premium beverage alcohol portfolio, including brands like Corona and Robert Mondavi. The company continues to focus on growth and enhancing shareholder value.

Constellation Brands (NYSE: STZ) has announced the acquisition of Empathy Wines, a digital wine brand co-founded by Gary Vaynerchuk. This move aims to enhance Constellation's direct-to-consumer (DTC) capabilities and align with its vision of innovative high-end brands. Empathy Wines, known for sustainably produced wines, has rapidly gained market traction, selling 15,000 cases since its 2019 launch. Company leadership sees potential for significant growth through the integration of Empathy's digital marketing expertise and consumer insights.

Constellation Brands (NYSE: STZ) has announced the divestiture of the Paul Masson Grande Amber Brandy brand to Sazerac Company for approximately $255 million. This transaction, subject to FTC review, is expected to close in the second quarter of fiscal 2021. Additionally, Constellation will divest the Nobilo Wine brand to E. & J. Gallo Winery for $130 million, also contingent on regulatory approvals. These moves aim to transform Constellation's wine and spirits business and align with its strategic objectives.

Constellation Brands (NYSE: STZ) announced it will report financial results for its fiscal first quarter ending May 31, 2020, on July 1, 2020, before U.S. markets open. A conference call will follow at 11:30 a.m. EDT, featuring President & CEO Bill Newlands and CFO Garth Hankinson. Interested parties can access the call by dialing +1-877-673-1771. The results will be posted on Constellation's website, providing insights into the company’s performance in the alcoholic beverage market.

Constellation Brands (NYSE: STZ) announced an amended agreement with E. & J. Gallo Winery to divest a portion of its wine and spirits portfolio. The new deal, revised to address FTC concerns, excludes the Mission Bell facility and adjusts the transaction price to approximately $1.03 billion, with $250 million contingent on future brand performance. The transaction is expected to close in the second quarter of fiscal 2021, pending FTC review. Additionally, Constellation plans to divest the Nobilo Wine brand for $130 million around the same timeframe.

Constellation Brands (NYSE: STZ) announced that CFO Garth Hankinson will present at the 2020 RBC Capital Markets Global Consumer and Retail Virtual Conference on May 27, 2020, at 11:20 a.m. EDT. The presentation will address strategic initiatives, financial metrics, and future outlook. A live webcast will be available on the company's website, with a replay accessible until June 27, 2020. Constellation Brands is a leading producer of beer, wine, and spirits, known for iconic brands like Corona and Robert Mondavi.