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Constellation Brands (STZ) stock rose 4.0% on October 5, 2017, in reaction to the company’s results for fiscal 2Q18, which ended August 31, 2017. Then the stock rose 0.40% on October 6, 2017. Constellation Brands exceeded analysts’ sales and earnings estimates for fiscal 2Q18 and raised its earnings guidance for fiscal 2018. (26-0)
If you want a Stock Review on CMI, DCI, FLS, or ITW then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. On Friday, the NASDAQ Composite ended the day at 6,590.18, up 0.07%; the Dow Jones Industrial Average edged 0.01% lower, to finish at 22,773.67; and the S&P 500 closed at 2,549.33, marginally slipping 0.11%. US markets saw six out of nine sectors finishing the day in red, two in green, and one in neutral territory. (91-0)
If you want a Stock Review on ABEV, BUD, TAP, or STZ then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. On Friday, October 06, 2017, US markets saw six out of nine sectors finishing the day in red, two in green, and one in neutral territory. Major US indices were also mixed at the close of last Friday's session. The NASDAQ Composite ended the day at 6,590. (56-0)
Before the market opened on September 28, Kellogg (K) announced that its current CEO John A. Bryant decided to retire. The company’s board of directors unanimously elected Steven A. Cahillane as the new CEO effective on October 2, 2017. Previously, Cahillane was the president and CEO of Nature’s Bounty Company. Kellogg’s shares fell 1.6% last week. Its shares have fallen 15.4% YTD (year-to-date) as of September 29. (7-0)
A strong imported beer portfolio has been driving Constellation Brands’ (STZ) sales growth. In fiscal 1Q18, which ended on May 31, 2017, its sales rose 3.4% on a year-over-year basis. In fiscal 2Q18, analysts expect sales to rise 1.8%, to $2.1 billion. (26-0)
Constellation Brands (STZ) is scheduled to announce its fiscal 2Q18 results on October 5, 2017. The quarter ended on August 31, 2017. As of September 28, 2017, STZ stock has risen an impressive 30.0% on a YTD (year-to-date) basis. The leading alcoholic beverages producer beat analysts’ earnings estimates in fiscal 1Q18 but slightly lagged the consensus sales estimate. The stock has risen 3.4% since the announcement of its fiscal 1Q18 results in June 2017. (26-0)
Marathon Partners Equity Management, LLC has disclosed 33 total holdings in their latest SEC filings. Most recent portfolio value is calculated to be $ 218,187,000 USD. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Marathon Partners Equity Management, LLC's top holdings are Shutterfly, Inc. (NASDAQ:SFLY) , US Foods Holding Corp. (NYSE:USFD) , PayPal Holdings, Inc. (7-0)
NEW YORK, Sept. 25, 2017 /PRNewswire/ -- About Alcoholic Drinks Alcohol beverages can be classified into five product categories: beer, wine, spirits, cider, and ready-to-drink (RTD) pre-mixes. RTD pre-mixes have the least percent of alcohol, in terms of volume, than all other alcoholic drinks. In terms of volume, the consumption of beer is the highest among all other alcoholic drinks. Beer is prepared using a mixture of barley and wheat, and sprouted and roasted into malt. (16-0)
Despite of the harmful effects, alcohol stocks have been performing quite well of late. The rise in demand for flavored whisky, premium tequilas and spirits seems to be doing the trick for the industry. In fact, in the alcohol market, the spirits segment has been gaining momentum, accounting for about 36% of the total alcohol market. (2-0)
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Constellation Brands, Inc. (STZ - Free Report) has emerged as a strong contender in the beverages – alcohol space, thanks to its spectacular earnings history, sound fundamentals and long-term EPS growth rate of 18.2%. So, let’s take a closer look at the factors that have been driving this New York-based company. Superb Earnings History & Outlook Indicate Solid Prospects Constellation Brands’ bottom line has outperformed the Zacks Consensus Estimate by an average of 11.
Molson Coors Brewing Company (TAP - Free Report) has been in troubled waters for quite some time now as evident from its dismal earnings and sales surprise history. Lower volumes and significant currency headwinds amid difficult economy and competitive pressure have been the other major dampeners.
Constellation Brands, Inc. (STZ) ("Constellation", or the "company") is a leading producer and marketer of beer, wine and spirits predominately in the U.S. and Canada. The corporate headquarters is in Victor, NY, a suburb of Rochester, just an hour drive from my hometown. The company is the distributor of fast-growing brands such as Corona Extra, Corona Light and Modelo. Their craft beer products are sold under the Ballast Point brand.
Kellogg (K) announced its results for fiscal 2Q17 on August 3, 2017. Net sales for the quarter fell 2.5% YoY (year-over-year) to $3.19 billion. Its net sales were slightly higher than consensus estimates of $3.16 billion. EPS (earnings per share) of $0.97 in 2Q17 was 5.4% higher than analysts’ estimates and 6.6% higher YoY. The stock rose ~3% for the week ending August 4.
Please standby, we are about to begin. Good day and welcome to the DXC Technology First Quarter 2018 Earnings Call. Today's conference is being recorded.