Dossier
Constellation Brands
Coverage of Constellation Brands in the Nexus archive.
- Constellation Brands Veracruz Brewery Hires 600 Before Its Launch
Constellation Brands, the US maker of Corona and Modelo beer, has hired 600 employees at its new Veracruz, Mexico brewery ahead of its launch. The company is transitioning to seaborne logistics to supply the US market.
- Constellation Brands posted lower revenue but beat estimates as beer demand softened
Constellation Brands reported lower revenue of $2.43 billion for the quarter ended May 31, but exceeded adjusted earnings estimates at $3.43 per share. The company attributed the revenue decline to softened beer demand.
- Modelo Owner Constellation Gives Softer-Than-Expected Outlook
Constellation Brands, the owner of Modelo, has issued a more cautious outlook than anticipated, indicating potential challenges in its business performance. The revised outlook suggests lower growth expectations compared to previous forecasts.