Tag Archive: Constellation Brands
News Briefs for May 4, 2020
•Constellation Brands has formally raised its stake in Canadian cannabis producer Canopy Growth to 38.6% through an exercise of existing warrants. Continue reading →
Posted in News on May 4, 2020Constellation Scales Back Mexican Beer Production Under Government Order
Constellation Brands has announced that it is paring back brewery operations in Mexico in response to the Mexican government’s coronavirus-related restrictions on non-essential businesses. Continue reading →
Posted in News on April 8, 2020Constellation Preps Innovations, Says Mexican Operations Are Ongoing
Constellation Brands revealed a number of innovations set to launch in the coming months during an earnings call on Friday, while also offering an update on the COVID-19 crisis and addressing questions over production at its Mexican brewing operations. Continue reading →
Posted in News on April 6, 2020Constellation’s Full-Year Sales Top $8.3 Billion, But Outlook Uncertain Amid COVID-19 Crisis
Constellation Brands continued to show solid growth in its fiscal year through February, with net sales up 3% to $8.34 billion and operating income rising 4% to $2.7 billion, but the company says results for its current fiscal year are impossible to predict at the moment in light of the COVID-19 outbreak. Continue reading →
Posted in News on April 3, 2020News Briefs for March 26, 2020
•The COVID-19 stimulus package passed by the U.S. Senate includes a tax waiver for distillers making hand sanitizer. Continue reading →
Posted in News on March 26, 2020Shift To The Off-Premise Continues, As Retailers Emphasize Pickup And Delivery
With key states including California, New York, Illinois, New Jersey, Ohio, and Connecticut issuing broad stay-at-home orders, beverage alcohol retailers remain open in most states (with the exception of PLCB stores in Pennsylvania, which have closed to both online and in-store traffic). Continue reading →
Posted in News on March 23, 2020
