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Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.
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Executives from Constellation Brands participated in a panel discussion regarding modern marketing tactics, including social media and influencer partnerships, at the annual 'Making Moves' event.
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Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.
Constellation Brands (STZ) reaffirmed its fiscal 2027 EPS guidance of $11.20-$11.90 during its Q2 earnings call, citing improving September beer demand, stronger marketing execution, and healthier distributor inventories. The company beat earnings expectations ($3.74 vs. $3.62 consensus) and revenue estimates ($2.63B vs. $2.57B consensus). While Pacifico and Victoria showed strong growth (20% and mid-teens respectively), Modelo and Corona faced headwinds. Management projects second-half beer margins of 34.5%-35.5% amid higher marketing costs and seasonal weakness.