Constellation Brands CEO defends Corona beer maker's careful earnings guidance

📆 07-10-22 04:29:00
📰 CNBC

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Some investors may be selling Constellation because they wanted to see a more aggressive outlook raise. CEO Bill Newlands defends the approach.

Constellation Brands took an intentionally cautious approach with its forward earnings guidance despite another better-than-expected quarterly report , CEO Bill Newlands told Jim Cramer on Thursday. "There's a lot of volatility still in the market," Newlands said. "Admittedly, we're being careful." With macro conditions still uncertain, we think this is a wise move.

A worker stacks cases of Constellation Brands' Corona beer for delivery at the Euclid Beverage LLC warehouse in Peru, Illinois.

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Because they stopped putting corona light in bottles?

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Here's why analysts like Corona beer maker Constellation Brands heading into its earnings reportThe Street is upbeat on the company's durable business, which fits our investment thesis on the company.
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