Constellation Brands (NYSE: STZ), a maker of premium beer, wine, and spirits, hit a rough patch, with its fiscal first-quarter 2021 (the period ended May 31, 2020) sales falling 4% compared to a year ago, after excluding sold businesses, to under $2 billion. Across the industry, beer sales have been dented by hard seltzer drinks. Fortunately, Constellation's management has shown it can change with the times, introducing Corona Hard Seltzer in March. Read More...
Constellation Brands (NYSE: STZ), a maker of premium beer, wine, and spirits, hit a rough patch, with its fiscal first-quarter 2021 (the period ended May 31, 2020) sales falling 4% compared to a year ago, after excluding sold businesses, to under $2 billion. Across the industry, beer sales have been dented by hard seltzer drinks. Fortunately, Constellation’s management has shown it can change with the times, introducing Corona Hard Seltzer in March.
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