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

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

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Because they stopped putting corona light in bottles?

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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.
Källa: CNBC - 🏆 12. / 72 Läs mer »