Constellation Brands CEO downplays worries about higher tariffs if Trump wins [CNBC]
Constellation Brands, Inc. (STZ)
Last constellation brands, inc. earnings: 4/3 07:30 am
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Source: CNBC
Former President Donald Trump has threatened to impose blanket tariffs as high as 20% on imported goods from all countries. Constellation Brands is known for a variety of popular beer brands, including Modelo, Corona and Pacifico as well as liquor names like SVEDKA vodka. In a Friday interview with CNBC's Jim Cramer Constellation Brands CEO Bill Newlands brushed off concerns about the possibility of higher tariffs , which former President Donald Trump has pledged to implement if elected. “First of all, assuming there was a Trump administration, we already had four years of a Trump administration, and our business was up double-digit during that window of time,” Newlands said. “Two, we have a fair amount of our inputs that come from the United States and then are made into beer in Mexico. I highly doubt any perspective on tariffs would really be around: How do you hurt the American farmer.” Constellation Brands is known for a variety of popular beer brands imported from Mexico
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News
- Constellation Brands CEO on tariffs: We had a successful run during Trump administration [CNBC]CNBC
- Constellation Brands CEO goes one-on-one with Jim Cramer [CNBC]CNBC
- Constellation Brands, Inc. (NYSE: STZ) had its price target lowered by analysts at JPMorgan Chase & Co. from $307.00 to $293.00. They now have an "overweight" rating on the stock.MarketBeat
- Constellation Brands, Inc. (NYSE: STZ) had its "buy" rating re-affirmed by analysts at Roth Mkm. They now have a $298.00 price target on the stock.MarketBeat
- Constellation Brands, Inc. (NYSE: STZ) had its price target lowered by analysts at Truist Financial Co. from $265.00 to $255.00. They now have a "hold" rating on the stock.MarketBeat
STZ
Earnings
- 10/4/24 - Miss
STZ
Sec Filings
- 10/4/24 - Form 144
- 10/3/24 - Form 10-Q
- 10/3/24 - Form 8-K
- STZ's page on the SEC website