Constellation Brands: Strong quarter and raised forecast create momentum!
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Strong quarterly results: Earnings per share reached 3.74 USD , significantly beating consensus of 3.56 USD ; revenue climbs to 2.633 billion USD . Leading in the growth segment: Momentum in the core premium beer category around core brands compensates for headwinds in the traditional wine and spirits business. Raised annual trends: Increase in GAAP earnings forecast to 11.85 to 12.55 USD underlines fundamental strength and attracts institutional investors. The US beverage giant Constellation Brands has established itself as a leading...
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