Tag Archive: Corona
Constellation Lowers Sales Outlook On Softer Consumer Trends
Constellation Brands issued an update on its business this morning in which the company warned of macroeconomic headwinds and said it now expects sales in its beer business to decline by 2%-4% in its fiscal year through February, down from an earlier forecast of 0%-3% growth, driving a 4%-6% sales decrease across its total business. Continue reading →
Posted in News on September 2, 2025Constellation’s Reshaped Wine & Spirits Portfolio Rises 2% In First Quarter
Constellation Brands saw overall sales decline 4% organically to $2.5 billion in its fiscal first quarter ended in May, weighed down by slowing beer sales and large divestitures on the wine and spirits side over the past year. Continue reading →
Posted in News on July 2, 2025Constellation Posts Full-Year Sales Up 2% Despite “Softer Consumer Demand”
Yesterday, SND reported that Constellation is slimming down its wine and spirits unit with the divestiture to The Wine Group of brands totalling 12 million cases and including Woodbridge, Meiomi, Robert Mondavi Private Selection, Cook’s, Simi, and J. Rogét sparkling wine along with related California facilities. Continue reading →
Posted in News on April 10, 2025Trump Targets Mexico, Canada For 25% Tariffs On Day One
Products from key U.S. trading partners Mexico and Canada are set to come under 25% tariffs, with President-elect Trump declaring on Truth Social that he will order the move on his first day in office. Continue reading →
Posted in News on November 26, 2024Constellation’s Sales Rise 3% Despite Continuing Challenges In Wine And Spirits
Constellation Brands has posted sales up 3% to $2.9 billion for its fiscal second quarter ended in August, propelled by a 6% increase for its beer unit, partially offset by continued challenges in its wine and spirits division. Continue reading →
Posted in News on October 3, 2024Constellation Sees Beer Business Drive First-Quarter Growth
Constellation Brands saw sales grow 6% to $2.7 billion in its fiscal first quarter ended in May, led by continuing strong gains for its Mexican beer portfolio, partially offset by a decline on the wine and spirits side. Continue reading →
Posted in News on July 3, 2024
