Some investors may be selling Constellation because they wanted to see a more aggressive outlook raise. CEO Bill Newlands defends the approach.
Constellation Brands took an intentionally cautious approach with its forward earnings guidance despite another better-than-expected quarterly report , CEO Bill Newlands told Jim Cramer on Thursday. "There's a lot of volatility still in the market," Newlands said. "Admittedly, we're being careful." With macro conditions still uncertain, we think this is a wise move.
A worker stacks cases of Constellation Brands' Corona beer for delivery at the Euclid Beverage LLC warehouse in Peru, Illinois.
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