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Constellation Brands Inc - STZ STOCK NEWS

Welcome to our dedicated news page for Constellation Brands (Ticker: STZ), a resource for investors and traders seeking the latest updates and insights on Constellation Brands.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Constellation Brands's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Constellation Brands's position in the market.

Rhea-AI Summary
Constellation Brands, Inc. reaffirms its outlook for the beer business with a projected net sales growth of 7-9% and operating margins of 39-40%. The wine & spirits business expects a net sales growth of 1-3% and operating margins of 25-26%. The company aims for annual low double-digit diluted EPS growth, with a focus on generating $15-17 billion in operating cash flow and $10-12 billion in free cash flow from fiscal 2024 to fiscal 2028. Constellation Brands also announces an additional $2 billion share repurchase authorization.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.62%
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none
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Rhea-AI Summary
Constellation Brands announces the release of its 2023 ESG Impact Report and sets a new target to restore 5 billion gallons of water withdrawals by fiscal year 2025. The company also focuses on packaging and waste targets, greenhouse gas emissions, and social impact initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.21%
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none
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Rhea-AI Summary
Constellation Brands reports Q2 fiscal 2024 financial results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.22%
Tags
earnings
Rhea-AI Summary
Tastemade premieres new streaming show 'Street Somm' in partnership with Constellation Brands, highlighting their Wine & Spirits portfolio. The show follows Wine Expert Jermaine Stone as he explores food and wine pairings across six culinary hubs in the US. The series aims to redefine American wine culture and attract a more diverse audience. Premieres on September 25th at 7:00pm on Tastemade channel.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.16%
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none
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Rhea-AI Summary
Constellation Brands to report Q2 financial results on October 5, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.41%
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conferences earnings
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Rhea-AI Summary
Constellation Brands CFO to speak at Barclays Global Consumer Staples Conference on Sept. 6
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.64%
Tags
conferences
Rhea-AI Summary
Constellation Brands to host Investor Day on November 2, 2023, providing insights into growth plans and value creation opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.64%
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conferences
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Rhea-AI Summary
Constellation Brands, a leading beverage alcohol company, has announced the election of Luca Zaramella and William T. Giles to its Board of Directors. This comes as part of a comprehensive Board refreshment and governance enhancement process. Constellation has also entered into Information Sharing and Cooperation Agreements with Elliott Investment Management, one of its largest investors. The company will host an investor day later this year to provide an update on its strategic initiatives and outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.35%
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none
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Rhea-AI Summary
Constellation Brands' Chair of the Board, Rob Sands, will retire from his role following the company's Annual Meeting of Stockholders on July 18, 2023. Sands will continue as a Board member. The company is in the process of identifying a new Board Chair.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.36%
Tags
management
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.29%
Tags
earnings
Constellation Brands Inc

NYSE:STZ

STZ Rankings

STZ Stock Data

49.68B
166.04M
12.03%
79.1%
1.07%
Wineries
Manufacturing
Link
US
Victor

About STZ

constellation brands is a leading international producer and marketer of beer, wine and spirits with operations in the u.s., canada, mexico, new zealand and italy. constellation is the third-largest producer and marketer of beer for the u.s. market and the world's leading premium wine company with a leading market position in the u.s., canada and new zealand. constellation's wine portfolio is complemented by select premium spirits brands. constellation's brand portfolio includes corona extra, corona light, modelo especial, negra modelo, pacifico, robert mondavi, clos du bois, kim crawford, rex goliath, mark west, franciscan estate, ruffino, jackson-triggs, svedka vodka and black velvet canadian whisky. based in victor, n.y., the company believes that industry leadership involves a commitment to brand-building, our trade partners, the environment, our investors and to consumers around the world who choose our products when celebrating big moments or enjoying quiet ones. founded in 1