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Beer Maker Constellation Brands' Q3 Sales Hit By Subdued Spending; Stock Slides
Constellation Brands Inc (NYSE:STZ) shares are trading lower after the company reported nearly flat third-quarter sales of $2.46 billion, missing the analyst consensus estimate of $2.53 billion. Net sales for the Beer segment increased 3% Y/Y to $2.
Constellation Brands’ stock slides as CEO cites ‘uncertainty’ about consumer spending
The parent of the Modelo and Corona beer brands lowered its 2025 outlook, despite third-quarter profit growth.
Constellation Brands CEO says continued to face ‘subdued spend’ in Q3
CEO Bill Newlands said, “While we continue to face the subdues spend and value seeking behaviors that emerged among legal drinking age
Constellation Brands adds market share in the U.S. amid 'overall subdued' spending backdrop
Constellation Brands (STZ) reports lower-than-expected earnings, citing subdued consumer spending. Beer sales up, wine and spirits down.
9h
on MSN
World’s largest chip maker, Taiwan Semiconductor Manufacturing, reports record sales
The key supplier of advanced chips for the world’s leading tech companies saw record revenue in the final quarter of 2023.
1d
Who Is The Maker in Marvel Rivals & How to Get This Mr. Fantastic Skin?
Curious why Marvel Rivals fans are buzzing about The Maker, aka Reed Richards, skin? This dark and exclusive costume is one ...
1d
on MSN
This Keurig coffee maker is nearly half-price after a $70 discount
The Keurig K-Classic coffee maker is available from Amazon with a $70 discount, but only for a limited time. Make your coffee ...
4d
Japanese Ovens Maker to Buy Fujitsu General for $1.6 Billion
A little-known Japanese maker of oven ranges and water heaters has offered to acquire Fujitsu General Ltd. for as much as ...
Hosted on MSN
43m
Cancer Drug Maker Iovance Tumbles Toward Worst Week Since November, But Retail Feels Macro Selloff Overblown
Shares of Iovance Biotherapeutics have dropped over 17% so far this week, on course to mark their worst weekly decline since ...
1h
on MSN
Friday weather maker brings rain and snow to the South
Southeast winds 20 to 30 mph with gusts up to 40 mph along the immediate coast Friday have prompted a Wind Advisory. The ...
8h
Watch out Ninja! This smart ice cream maker is a CES hit, and it makes soft serve in under 2 minutes
To use the ColdSnap you'll need to buy the brand's line of shelf-stable ice cream cartridges, which come in everything from ...
9h
on MSN
12 Accessories For Your Coffee Maker To Upgrade Your Morning Brew
Just like there are accessories to enhance the experience of using an air fryer, there are also plenty of doodads that can ...
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