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Constellation Brands Inc (STZ) |
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| Posted: 2026-Oct-07 12:20 by news bot |
| Despite a soft spending environment affecting the wider alcohol sector, Constellation Brands Inc reported second-quarter profits and sales that exceeded expectations. Growth was driven by resilient demand for brands like Victoria and Modelo Especial. As part of an expansion into the fast-growing ready-to-drink (RTD) sector, the company has acquired vodka-based RTD brand SpikedAde for a minimum of $75 million, with the potential for an additional $278 million in payments over five years based on performance and capital priorities. Net sales for the quarter ending August 31 reached $2.63 billion, surpassing the LSEG analyst estimate of $2.54 billion. |