News Formal

Constellation Brands to record up to US$2.5-billion in charges linked to wine business

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 14 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 173%
  • Publisher: 92%

Canadian News Nyheter

Canada News,Breaking News Video,Canadian Breaking News

Constellation Brands also trimmed its annual enterprise net sales growth to between 4% and 6%, from 6% to 7% earlier

will write down the value of its wine and spirits business and take up to a $2.5-billion charge in the current quarter, the Corona beer maker said on Tuesday, following several quarters of weak demand in the U.S.

Shares of the company, which is expected to report second-quarter results on Oct. 3, were unchanged in early trading. The company expects a goodwill charge of about $1.5-billion to $2.5-billion in the second quarter related to the wine and spirits business.

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:

 /  🏆 5. in SE
 

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

Sverige Senaste nytt, Sverige Rubriker

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

Constellation Brands to record up to $2.5 billion in charges linked to wine businessThe company also trimmed its annual enterprise net sales growth to between 4% and 6%, from 6% to 7% earlier, as retailers reduce stocking wine and spirits...
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »