5 Things Constellation Brands' Management Wants You to Know
As we settle into the doldrums of summer, it's a great time for investors to ponder management's comments from earnings conference calls that took place earlier in the season. Constellation Brands, Inc. (NYSE: STZ) raised full-year earnings guidance alongside its fiscal first-quarter 2018 earnings report filed on June 29, and management sounded extremely confident about the company's longer-term opportunities. Let's review five key quotes from the earnings call that reflect the executive team's current assessment of the business.
[We'll start with] Constellation's beer business, which remained the #1 growth driver in the high end of the U.S. beer market, driving 60% of the growth of this market segment while posting double-digit depletions and significantly improving margins. -- CEO Rob Sands
Image source: Constellation Brands.
Source: Fool.com
Constellation Brands Inc. Stock
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