Can Mexican Beer Keep Constellation Brands (STZ) Afloat?

April 10, 2024

Constellation Brands (STZ) is slated to report earnings this week.

Here's what LikeFolio data says, and how we are approaching…

  • STZ Happiness remains highest vs. peers at 79% positive, +10% YoY and our best long-term lens for future growth.

In Q3, the company's strong performance in beers helped to offset weakness in other segments...just like we predicted. The Beer segment at large posted a 4% sales growth, driven by strong demand and notable performance in the Modelo Especial, Corona Extra, Pacifico, and Modelo Chelada brands, leading to an increased fiscal year outlook for sales and operating income. Conversely, the Wine and Spirits segment faced an 8% net sales decline and a downturn in shipments and depletions, despite growth in specific brands and the DTC channel, prompting a downward revision of its fiscal year forecasts due to marketplace challenges.

This quarter we will be watching to see if continued Modelo strength is enough to offset continued near-term weakness in wine and spirits…

Want deeper insights? Get Free Access to The Vault.

Related Posts

Modelo, Corona Hard Seltzer driving $STZ Demand

Modelo, Corona Hard Seltzer driving $STZ Demand Last quarter, Constellation […]

Read More
Hard Seltzer Demand is Cooling as Bars Reopen

Hard Seltzer Demand is Cooling as Bars Reopen An interesting […]

Read More
6 Stocks to Watch This Week

Here are some key stats and data points on stocks […]

Read More
1 2 3

Related Posts

Related Reports

About LikeFolio

LikeFolio analyzes social media data to accurately predict shifts in consumer behavior. We sell data and insights to professional investors, corporate research teams, and software providers.
© 2024
 LikeFolio. All Rights Reserved.