Constellation Brands Inc (STZ)

Profile

• URL: https://www.cbrands.com
• Investor Relations URL: http://www.cbrands.com/investors
• HQ State/Province: New York
• Sector: Consumer Defensive
• Industry: Beverages - Wineries & Distilleries
• Equity Style: Large Cap/Value
• Next Earnings Release: Oct. 01, 2020
• Last Earnings Release: Jul. 01, 2020
• Next Ex-Dividend Date: N/A
• Last Ex-Dividend Date: Aug. 10, 2020
• Description: Constellation Brands is the largest multi-category alcohol supplier in the U.S. The business is anchored by a portfolio of Mexican beer trademarks, including Corona and Modelo, for which it acquired exclusive and perpetual U.S. ownership from AB InBev. The latter had to divest these rights due to antitrust mandates as it consummated its 2013 acquisition of dominant Mexican brewer, Grupo Modelo. Constellation’s wine/spirits business has been in flux, and it is currently divesting several lower-margin assets, including myriad wine brands and its Ballast Point craft beer brand. The firm imports most products after manufacturing them abroad, going to market through independent wholesalers. It owns 37% of Canopy Growth, a leading provider of medicinal and recreationally legal cannabis products.