News Formal

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%

United States News News

United States United States Latest News,United States United States Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Because they stopped putting corona light in bottles?

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: CNBC - 🏆 12. / 72 Read more »