Constellation Brands - Spirits Manufacturer Impresses With Strong Core Brand Portfolio!

Business drivers: Constellation Brands (STZ) is one of the leading US manufacturers of wine, beer, and spirits. The beer and spirits segment, which includes brands like Corona, Svedka Vodka, and Black Velvet Canadian Whisky, proves to be a key growth driver. Recently, thanks to price increases on Corona beer, the company reported solid Q1 results despite declining sales. If consumer demand starts to recover, the outlook for Constellation Brands should continue to improve in the coming quarters. On July 1, Constellation Brands reported solid...