Tag Archive: Meiomi
Constellation Posts Flat Sales, With Wine And Spirits Depletions Down 4%
Constellation Brands saw overall sales come in flat at $2.5 billion for the fiscal third quarter ended in November, with operating profit dipping 2% to $802 million on a comparable basis against the previous year. Continue reading →
Posted in News on January 10, 2025Constellation Brands Faces Up To $2.5 Billion Write-Down for Wine and Spirits Portfolio
Constellation Brands has revised its financial forecast for fiscal year 2025, citing considerable challenges faced by the company’s wine and spirits brands. Continue reading →
Posted in News on September 4, 2024Wine’s Low- And No-Alcohol Segment Gains Momentum With Younger Drinkers
While the overall wine market in the U.S. has seen volume decline lately—slipping 2.8% to 319 million cases last year, according to Impact Databank—the relatively nascent low- and no-alcohol wine segment has been steadily gaining traction. Continue reading →
Posted in News on June 20, 2024Constellation’s Sales Near $10B Despite Wine & Spirits Decline
Constellation Brands reported net sales up 5% on a comparable basis to $9.96 billion for its fiscal year 2024, ended in February. Continue reading →
Posted in News on April 11, 2024Constellation Names Company Veteran Sam Glaetzer To Lead Wine & Spirits Division
In case you missed yesterday’s news alert, Constellation Brands has promoted from within to find new leadership for its wine and spirits division, with company veteran Sam Glaetzer filling the role previously held by Robert Hanson, who departed at the end of last month. Continue reading →
Posted in News on March 12, 2024Constellation Downgrades Outlook For Wine & Spirits, Division President To Depart
In case you missed last night’s news alert, Constellation’s president for wine and spirits Robert Hanson will step down at the end of February, with company CEO Bill Newlands set to lead the unit on an interim basis until a permanent successor is found. Continue reading →
Posted in News on January 5, 2024
