Constellation Brands (NYSE: STZ) has been transforming itself into a premium alcohol distributor that gained ground in its primary beer business, as well as in wine and spirits. The global pandemic set back its plans as restaurants and bars were closed as being non-essential businesses, with only the former able to continue operating so long as it was for takeout or delivery. The Corona and Modelo families of beer are now powering most of the growth seen in the industry, and in states like California, the Modelo Especial brand is now bigger than the two top premium light beers combined. Read More...
Is Constellation Brands a Buy?
Constellation Brands (NYSE: STZ) has been transforming itself into a premium alcohol distributor that gained ground in its primary beer business, as well as in wine and spirits. The global pandemic set back its plans as restaurants and bars were closed as being non-essential businesses, with only the former able to continue operating so long as it was for takeout or delivery. The Corona and Modelo families of beer are now powering most of the growth seen in the industry, and in states like California, the Modelo Especial brand is now bigger than the two top premium light beers combined.
Add Comment