This beer and wine maker beat analysts’ earnings estimates by five cents last quarter, and the company is now forecasting 2017 earnings of $6.05 to $6.35 a share, compared to analysts’ estimates of $6.11 per share.
Constellation Brands (STZ)
From Martin’s Ultimate Portfolio
Just this week, the Beverage Forum 2016 – the only global all-beverage executive conference – awarded Constellation Brands (STZ) “Large Company of the Year.”
The award recognizes beverage companies that really took off in 2015. It’s no wonder, then, that CEO Rob Sands was the keynote speaker.
The award highlighted STZ’s rock-solid fundamentals:
The company’s leading market initiatives, including outstanding routes to market and solid sales channels.
Its increased focus on “premiumization”—the transition of key STZ products from mass market to higher margin premium brands.
Key acquisitions, including the company’s purchases of Meiomi luxury wine brand (#1 pinot noir), Ballast Point (fast growing craft beer) and Prisoner Wine (super-luxury wines Saldo, Cuttings, and others).
Plus, outstanding performance of Constellation’s existing brands, including Corona Extra (#1 imported beer), Kim Crawford (#1 sauvignon blanc), and Modelo Especial (#1 dollar-gainer in the U.S).
All told, STZ continues to build its solid fundamentals. And that bodes well for share growth down the road.
Martin D. Weiss, Martin’s Ultimate Portfolio, published by Money and Markets, a Division of Weiss Research, Inc., Website: www.moneyandmarkets.com/services/trading-services/martins-ultimate-portfolio; Email: firstname.lastname@example.org, 800-291- 8545, April 29, 2016