Constellation Brands (STZ) stock is down only 8.75% this year thanks to its incredibly diverse portfolio of brands, recession proof products (booze)…. and a fantastic bet on Mexican beer.
Yesterday, I was invited to the TD Ameritrade Network to talk about how STZ was generating more consumer demand than its competitors like Budweiser and Sam Adams.
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Bottom line – while others chased the hard seltzer fads of the pandemic, Constellation listened to customers in a forward-thinking manner… and is reaping the rewards today.
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