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Zacks News
Founded in 1945 and headquartered in Victor, NY, Constellation Brands Inc. produces and markets beer, wine and spirits. It is the third-largest beer company and a leading, high-end wine company in the United States. It has a strong portfolio of high-quality brands, including Corona, Modelo Especial, Robert Mondavi, Kim Crawford, Meiomi and SVEDKA Vodka. The company conducts its operations in the United States, Mexico, Italy and New Zealand.
Molson Coors' (TAP) Vizzy Hard Seltzer Launch Challenged (Revised)
by Zacks Equity Research
Molson Coors (TAP) faces litigation for naming its hard seltzer Vizzy. Contender Future Proof, the maker of Brizzy hard seltzer, claims that the name creates market confusion.
Here's Why Procter & Gamble's a Promising Investment Option
by Zacks Equity Research
Procter & Gamble (PG) is gaining from its cost-saving plans, strong organic sales growth and efforts to improve productivity. Also, the company is on track to improve its product portfolio.
Constellation Brands (STZ) to Gain From Corona Hard Seltzer
by Zacks Equity Research
Constellation Brands' (STZ) investment in Corona hard seltzer is likely to bolster its position in the fast-growing hard seltzer category. Its efforts to boost wine & spirits also remain robust.
Molson Coors' (TAP) Vizzy Hard Seltzer Launch Challenged
by Zacks Equity Research
Molson Coors (TAP) faces litigation for naming its hard seltzer Vizzy. Contender Future Proof, the maker of Brizzy hard seltzer, claims that the name creates market confusion.
Constellation Brands (STZ) Gains As Market Dips: What You Should Know
by Zacks Equity Research
In the latest trading session, Constellation Brands (STZ) closed at $200.34, marking a +0.27% move from the previous day.
Constellation Brands (STZ) Up 3.2% Since Last Earnings Report: Can It Continue?
by Zacks Equity Research
Constellation Brands (STZ) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Hard Seltzer Demand Sets the Stage for Alcohol Industry Growth
by Rajani Lohia
Growing health-consciousness among drinkers and demand for better, refreshing beverages are putting hard seltzers in the limelight. Hard seltzer volumes are likely to more than triple by 2023.
Philip Morris (PM) Q4 Earnings Match Estimates, Revenues Beat
by Zacks Equity Research
Philip Morris' (PM) fourth-quarter 2019 results gain on favorable pricing. However, combustible category revenues remain soft.
Has Constellation Brands (STZ) Outpaced Other Consumer Staples Stocks This Year?
by Zacks Equity Research
Is (STZ) Outperforming Other Consumer Staples Stocks This Year?
Diageo (DEO) 1H20 Earnings Solid, Stock Hit by View Cut
by Zacks Equity Research
Diageo's (DEO) first-half fiscal 2020 results reflect gains from strong price/mix and higher operating profits. It cut the top-line view for fiscal 2020 on uncertainty in global trade conditions.
Coca-Cola (KO) Q4 Earnings & Revenues Beat Estimates, Stock Up
by Zacks Equity Research
Coca-Cola (KO) delivers strong revenue and earnings growth in fourth-quarter 2019. It gains significant value share globally, which along with strong volume and price/mix aids results.
Altria's (MO) Q4 Earnings Beat Estimates, Revenues Down Y/Y
by Zacks Equity Research
Altria's (MO) fourth-quarter 2019 results reflect gains from strong pricing. Revenues improve in the smokeless products unit but decline in the smokeable products unit.
Philip Morris Expands Smoke-Free Offerings With KT&G Alliance
by Zacks Equity Research
Philip Morris (PM) unveils an alliance with KT&G. The deal will allow it to commercialize KT&G's smoke-free products outside South Korea.
Molson Coors' (TAP) Craft Segment to Acquire Atwater Brewery
by Zacks Equity Research
Molson Coors (TAP) announces the acquisition of Detroit-based Atwater Brewery. The company's objective is to ensure that beer is relished by customers across the markets.
What's in the Offing for Diageo (DEO) in 1H FY20 Earnings?
by Zacks Equity Research
Diageo's (DEO) acquisition and expansion efforts as well as operating margin growth are likely to aid results in the first half of fiscal 2020.
Altria Focuses on Pricing & RRPs Amid Low Cigarette Volumes
by Zacks Equity Research
Altria's (MO) expansion in RRPs and focus on pricing bode well amid declining cigarette shipment volumes.
Coca-Cola Adds Two Powerade Sports Drinks, Enhances Portfolio
by Zacks Equity Research
Coca-Cola (KO) launches Powerade Ultra and Powerade Power Water under Powerade Sports drink category. This is likely to aid the company's sales.
Philip Morris Battles Low Cigarette Volumes, Pricing Aids
by Zacks Equity Research
Philip Morris' (PM) performance is bearing adverse impacts of declining cigarette sales volume. However, expansion in RRPs and strong pricing are significant upsides.
Coca-Cola (KO) Hits 52-Week High: What's Behind the Rally?
by Zacks Equity Research
Coca-Cola's (KO) focus on consumer-centric innovation, solid core brand performance and improved execution in the marketplace bode well.
PepsiCo Strengthens Snacking Unit, Product Launches on Track
by Zacks Equity Research
PepsiCo (PEP) is benefiting from its growing snacks business for a while now. It is also strengthening the Frito-Lay North American with flavorful products.
Is Constellation Brands (STZ) Stock Outpacing Its Consumer Staples Peers This Year?
by Zacks Equity Research
Is (STZ) Outperforming Other Consumer Staples Stocks This Year?
3 Beverage Makers Upping the Game in 2020 With Hard Seltzers
by Manaswita Ghosh Dutta
Beverage giants have stumbled upon a promising range of hard seltzers, satisfying their need for product diversification as well as meeting consumer preferences.
Constellation Brands (STZ) Upgraded to Buy: What Does It Mean for the Stock?
by Zacks Equity Research
Constellation Brands (STZ) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Growth in Hard Seltzer to Aid Boston Beer Despite High Costs
by Zacks Equity Research
Boston Beer's (SAM) investments in the Truly brand are likely to bolster its position in the fast-growing hard seltzer category. However, costs and margin woes are clouding its growth potential.
Monster Beverage Up More Than 15%: Will the Rally Continue?
by Zacks Equity Research
Monster Beverage's (MNST) momentum in the energy drinks category should continue to drive performance. Also, its efforts to innovate and launch products are encouraging.