Constellation Brands Earnings: 3 Takeaways
Investors had modest expectations heading into Constellation Brands' (NYSE: STZ) fiscal third-quarter earnings report, released this week. Growth in the alcoholic beverage industry is slowing after a spike during the earlier phases of the pandemic. That deceleration is combining with rising cost and supply chain challenges to dampen Wall Street's short-term outlook.
But the owner of hit imported beer brands like Corona navigated through those challenges to post solid sales and earnings results for the period that ran through late November. Management issued an optimistic outlook for the rest of the year, too.
Let's dive right in and take a closer look at three takeaways from the report.
Source Fool.com
