5 Followers USX:STZ - Constellation Brands Inc Constellation Brands Inc Class
Sector: Consumer Staples, Industry: Distillers & Vintners
Next Earnings: 11 Apr 2024
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USD 271.76    -0.28 (-0.10%)

28 Mar 2024


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General

CEO: Mr. William A. Newlands

IPO: 1987-01-01

Headquarters: US

Employees: 10,700

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Description

Constellation Brands is the largest provider of alcoholic beverages across the beer, wine, and spirits categories in the U.S., generating 80% of revenue from Mexican beer imports under top-selling brands such as Modelo and Corona. The rest of the business includes some remaining wine and spirits brands, categories where the company continue to prune assets in recent years. With its exclusive rights tied to the Mexican beer brands effective only in the U.S., the firm has small revenue exposure to international markets. Constellation owns a 36% stake in no-moat Canopy Growth, a medicinal and recreational cannabis producer in Canada, and has a 50/50 joint venture with glass manufacturer Owens-Illinois in Mexico.

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