Constellation Brands Has Big Plans for 2021
Constellation Brands (NYSE: STZ) gave investors several reasons to celebrate its recent third-quarter earnings report. Sales growth sped up thanks to booming demand for a few of its imported beer brands, including Modelo and Corona. The alcoholic-beverage specialist is also enjoying booming cash flow that management can direct toward upgrading its brewery network, marketing its products, or directly raising shareholder returns.
CEO Bill Newlands and his team outlined those goals while detailing their aggressive-growth outlook for the next fiscal year in a conference call with investors. Below, we'll look at a few highlights from that discussion.
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Source Fool.com
