Constellation Brands - Beverage Giant Benefits from [Rising Consumer Demand!]

Business Driver: Constellation Brands (STZ) has established a strong market position primarily in beer and spirits with its robust core brands like Corona, Svedka Vodka, and Black Velvet Canadian Whisky. Recently, they reported a very strong Q3 result, mainly due to price increases and higher sales of Corona beer. Accordingly, the adjusted earnings per share came in at $3.06 (previous year: $3.25), significantly exceeding consensus expectations of $2.65. In terms of revenue, they reported a decline of 9.79% to $2.22 billion, surpassing analyst...