Modelo Maker Constellation Brands Bumps Up Its Outlook
Constellation Brands(STZ) Investopedia·2024-09-04 04:55
Key Takeaways Constellation Brands, whose beverages include Modelo and Corona beers, raised the low end of its fiscal 2025 earnings per share outlook on Tuesday. The company expects to recognize a goodwill impairment loss of $1.5 billion to $2.5 billion in its wine and spirits division for this quarter. Constellation will report fiscal second-quarter earnings before the market opens on Oct. 3. Constellation Brands (STZ) raised the lower end of its outlook for fiscal 2025 adjusted earnings Tuesday, ahead of ...