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

📆 06/10/2022 09:29 p. m.
📰 CNBC

⏱ Reading Time:
7 sec. here
2 min. at publisher
📊 Quality Score:
News: 6%
Publisher: 72%

México Noticias Noticias

México Últimas Noticias,México Titulares

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.

Escribir Comentario

Because they stopped putting corona light in bottles?

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

México Últimas Noticias, México Titulares

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

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.
Fuente: CNBC - 🏆 12. / 72 Leer más »