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Stock impact report

Does Constellation Brands Have What It Takes to Weather the Downturn? [The Motley Fool]

Constellation Brands, Inc. (STZ) 
Last constellation brands, inc. earnings: 4/3 07:30 am Check Earnings Report
US:NYSE Investor Relations: cbrands.com/investors
Company Research Source: The Motley Fool
With consumers on edge from the novel coronavirus and uncertainty pervading the economy, it's good toinvestSomeconsumer staplesConstellation Brands(NYSE:STZImage source: Getty ImagesConstellation's business is steadyWhile government-ordered closures across the U.S. of restaurants and bars have dampened alcohol sales, this has been made up by a shift to in-home consumption. Online alcohol delivery service Drizly said it had its highest-ever sales day on Sunday, March , beating orders for New Year's Eve and Halloween. Consumers are simply buying more from grocery stores and other retailers."Consumer demand for alcoholic beverages remains strong ... consumers have been pantry loading," said Cowen analyst Vivien Azer.Constellation, the largest beer import company, announced fourth-quarter results on April that beat consensus estimates for revenue and earnings. The quarter ended Feb. 9, which means Constellation's business had not been materially impacted by COVID-9.On the earnings callAs Show less Read more
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