Strength in Constellation's beer business shows zero signs of slowing down heading into the summer and beyond.
Constellation Brands reported better-than-expected quarterly earnings Thursday, driven by strength in its beer business that more than offset continued weakness in wines and spirits. Management's upbeat forecast for fiscal year 2025 should send the stock to new all-time highs. Comparable net sales for the three months ended Feb. 29 increased 7% year over year to $2.139 billion, beating Wall Street's expectations of $2.095 billion, according to LSEG.
Bottles of Corona, Modelo and Pacifico beer are displayed on the a shelf at a supermarket on April 6, 2017 in San Rafael, California.reported better-than-expected quarterly earnings Thursday, driven by strength in its beer business that more than offset continued weakness in wines and spirits. Management's upbeat forecast for fiscal year 2025 should send the stock to new all-time highs.
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