Constellation Brands CEO touts beer performance post earnings

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Colombia Noticias Noticias

Colombia Últimas Noticias,Colombia Titulares

Constellation Brands CEO Bill Newlands highlighted the past quarter’s success in beer brands in an interview with CNBC’s Jim Cramer.

Constellation Brands CEO Bill Newlands highlighted the past quarter's success in beer brands like Modelo, Pacifico and Corona in an interview with CNBC's Jim Cramer.CEO Bill Newlands highlighted the past quarter's success in its beer brands and said the company has been shifting its focus from mainstream to higher-end brands.

"Modelo is up almost 9%, Pacifico is up 15%, the Chelada business was up 40%, and we still see very solid success with Corona," Newlands said."Our business is performing, particularly on the beer side, very, very well, and we expect it to do that for a long time to come."Feeling out of the loop? We'll catch you up on the Chicago news you need to know.

"Three years ago, two-thirds of our business was in the mainstream, and the mainstream is very unhealthy," he said."Today it's one-third, and even though that area continues to drag on the overall business, the top end of our wine business is doing quite well and taking share."

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 545. in CO
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

What to expect when beer king Constellation Brands reports earnings Thursday morningWe're bullish on Constellation Brands (STZ) ahead of its earnings print, even as consumers are pressured in a tough economy.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Constellation Brands earnings top estimatesCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Fuente: MarketWatch - 🏆 3. / 97 Leer más »

Constellation Brands beats on earnings as Modelo-fueled beer momentum continuesRevenue growth was driven by demand for its Modelo Especial and Modelo Chelada brands as well as Corona Extra.
Fuente: NBCLA - 🏆 319. / 59 Leer más »