Latest news with #GreenBrier
Yahoo
3 days ago
- Business
- Yahoo
Constellation Brands Closes Wine Transaction With The Wine Group to Focus on a Portfolio of Exclusively Higher-Growth, Higher-Margin Brands
Retained portfolio for Constellation includes a collection of award-winning, iconic brands, predominantly priced $15 and above and in growing segments and channels ROCHESTER, N.Y., June 02, 2025 (GLOBE NEWSWIRE) -- Constellation Brands (NYSE: STZ), a leading beverage alcohol company, announced today that it has closed its previously announced transaction with The Wine Group to divest1 primarily mainstream wine brands and associated inventory, facilities, and vineyards from its wine portfolio. Brands divested to The Wine Group include Woodbridge, Meiomi, Robert Mondavi Private Selection, Cook's, SIMI, and J. Rogét sparkling wine. Constellation's retained wine portfolio consists of a collection of highly regarded wines from top regions around the world, predominantly priced $15 and above. This includes iconic Napa Valley brands Robert Mondavi Winery, Schrader, Double Diamond, To Kalon Vineyard Company, Mount Veeder Winery, and The Prisoner Wine Company; the My Favorite Neighbor family of wine brands from Paso Robles; Kim Crawford from New Zealand—producer of the #1 Sauvignon Blanc in the U.S.2; acclaimed Tuscan producer Ruffino Estates and Ruffino Prosecco; sought-after gems like Sea Smoke from Santa Barbara's Santa Rita Hills AVA, Lingua Franca from Oregon's Willamette Valley, and more. This outstanding collection is complemented by Constellation's award-winning craft spirits portfolio including High West whiskey, Nelson's Green Brier whiskey, Mi CAMPO tequila, and Casa Noble tequila. 'We are pleased to have completed this transaction and look forward to executing against our repositioned portfolio, focused exclusively on the higher-end that more closely aligns to consumer-led premiumization trends which we believe will enable us to help deliver improved performance within this segment of our business over time,' said Bill Newlands, President and CEO, Constellation Brands. 'We appreciate the dedication of our internal teams, and the support and collaboration from The Wine Group and our business partners to help us close this transaction and seek to ensure as smooth a transition as possible.' Following the completion of the transaction, Constellation's fiscal year 2026 outlook and its outlook for fiscal year 2027 and fiscal year 2028 provided on April 9, 2025 remain unchanged. 1 We sold and, in certain instances, exclusively licensed the trademarks of a portion of our wine and spirits business, primarily centered around our mainstream wine brands and associated inventory, wineries, vineyards, offices, and facilities 2 #1 in dollar sales, Circana, total U.S. Multi-Outlet + Convenience, 52 weeks ended May 18, 2025 ABOUT CONSTELLATION BRANDS Constellation Brands (NYSE: STZ) is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It's worth our dedication, hard work, and calculated risks to anticipate market trends and deliver for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what's next. Every day, people reach for brands from our high-end, imported beer portfolio anchored by the iconic Corona Extra and Modelo Especial, a flavorful lineup of Modelo Cheladas, and favorites like Pacifico and Victoria; our exceptional wine brands including The Prisoner Wine Company, Robert Mondavi Winery, Kim Crawford, Schrader Cellars, and Lingua Franca; and our craft spirits brands such as Casa Noble Tequila and High West Whiskey. As an agriculture-based company, we strive to operate in a way that is sustainable and responsible. Our ESG strategy is embedded into our business, and we focus on serving as good stewards of the environment, investing in our communities, and promoting responsible beverage alcohol consumption. We believe these aspirations in support of our longer-term business strategy allow us to contribute to a future that is truly Worth Reaching For. To learn more, visit and follow us on X, Instagram, and LinkedIn. FORWARD-LOOKING STATEMENTS This news release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements. The word 'expect' and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These statements may relate to business strategy, future operations, prospects, plans, and objectives of management, including related to executing against Constellation's repositioned wine portfolio, Constellation's efforts to align with consumer-led premiumization trends and to deliver improved performance within its wine and spirits segment over time, the transition of the divested brands and related inventory, facilities, and vineyards, and Constellation's outlook for fiscal years 2026, 2027, and 2028, as well as information concerning expected actions of third parties. All forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, such forward-looking statements. The forward-looking statements are based on management's current expectations and should not be construed in any manner as a guarantee that any of the events anticipated by the forward-looking statements will in fact occur or will occur on the timetable contemplated hereby. All forward-looking statements speak only as of the date of this news release and Constellation does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. In addition to risks and uncertainties associated with ordinary business operations, the forward-looking statements contained in this news release are subject to other risks and uncertainties, including any purchase price or other post‐closing adjustments, the accuracy of all projections, and other factors and uncertainties disclosed from time-to-time in Constellation Brands' filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended February 28, 2025, which could cause actual future performance to differ from current expectations. MEDIA CONTACTS INVESTOR RELATIONS CONTACTS Amy Martin 585-678-7141 / Carissa Guzski 315-525-7362 / Joseph Suarez 773-551-4397 / Snehal Shah 847-385-4940 / David Paccapaniccia 585-282-7227 / A downloadable PDF copy of this news release can be found here.
Globe and Mail
07-03-2025
- Business
- Globe and Mail
Got $1,000? 3 Stocks to Buy Now While They're on Sale.
There's never a bad time to buy a good stock. But there are certainly better times than others. If you can step in while it's temporarily beaten down, you end up getting more net bang for your buck. With that as the backdrop, here's a closer look at three great stocks you might want to add to your portfolio sooner than later, while they're still on sale at sizable discounts. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » 1. Constellation Brands If you happen to keep your finger on the pulse of the beer business, then you may be a bit wary of buying a stake in Constellation Brands (NYSE: STZ) right now. Beer sales in the United States are at a multi-decade low, boding poorly for the company behind brands like Modelo and Corona. Constellation's spirits brands like Casa Noble tequila and Nelson's Green Brier whiskey are also on the defensive, with price and health concerns leading people to consume less of the harder stuff. A recent survey from the marketing consultant NCSolutions suggests 49% of Americans intend to drink less alcohol in 2025, up from 2024's figure of 41%. The punishment, however, doesn't fit the crime. That is to say, this stock's 20% setback since the end of last year (also at least partly fueled by its fourth-quarter earnings miss and guidance that confirms the industrywide headwind) values it at only 13 times this year's expected per-share profit of $13.33, underestimating the prospect of a recovery driven by demand for Constellation's premium products. Analysts seem to expect a turnaround. Despite the less-than-bullish rhetoric surrounding the poorly performing stock, the analyst community maintains its consensus price target of $237.83. That's 36% above the ticker's recent price. This might help convince you: Earlier this year, Warren Buffett's Berkshire Hathaway added 5.6 million shares (about $1 billion worth) of Constellation to its stock portfolio. It's an unexpected vote of confidence from one of the world's most proven and prodigious stock pickers. It's also a hint you might want to take for yourself. 2. Celsius Holdings At the other end of the beverage spectrum, you'll find another discounted stock worth a shot while it's on sale. That's Celsius Holdings (NASDAQ: CELH). It's not a household name, at least not yet. Although it competes with energy drink giants like Red Bull and Monster Beverage, Celsius Holdings is still a distant third within the United States with only about one-tenth of the domestic market. It's even less of a player overseas, although it has only recently begun addressing that opportunity. There's a reason, however, that Celsius Holdings alone accounted for over half of the energy drink category's global net growth in 2024: Its products offer what consumers increasingly want. On the surface, it's just another energy drink brand. Take a closer look, and you will see that its products are designed with fitness in mind, containing ingredients intended to burn calories during a workout. They're made with all-natural ingredients ginger, guaraná, and green tea, and they don't have any artificial colors or flavors, nor do they include sugar, aspartame, or high fructose corn syrup. This distinguishes Celsius from most other brands in the category. That's one of the chief reasons its comparable sales improved by 22% year over year in 2024. Analysts are looking for similar growth this year and next, pushing the company even deeper into the black. So why are shares down more than 70% from their 2024 peak? As is so often the case, the bulls got a bit ahead of themselves, buying into a compelling story with little to no consideration for a company's past, present, and projected results. As is also so often the case, though, the sellers arguably overshot their target. They certainly overshot the analysts' average price target of $38.53, anyway. The good news is, most story stocks like this one only need to suffer such an extreme rise and fall once before they begin trading with at least a little fundamentals-minded normalcy. 3. Wolfspeed Lastly, add Wolfspeed (NYSE: WOLF) to your list of stocks to buy while they're on sale. Wolfspeed is even less of a household name than Celsius Holdings. There's a good chance you've never heard of it, in fact, and may see or hear little of it in the future. Its recent and current revenue headwind isn't helping any, either. Indeed, its current business lull may be why shares are now down 95% from their 2022 high and still knocking on the door of a multiyear low. But the world needs Wolfspeed's tech in a big way, even if few people realize it. Simply put, the company makes high-performance silicon carbide, which is necessary for major machinery like electric vehicles (EVs), power-hungry data centers' power supplies, and renewable energy equipment like solar power systems. Whereas ordinary silicon was adequate for decades, it can't tolerate the higher voltage and amperage that much of today's heavy-duty technology requires, nor can it handle the heat that such technology's inner workings create. To this end, researcher Global Market Insights believes the worldwide silicon carbide market is poised to grow at an average yearly pace of more than 35% through 2034. Wolfspeed is positioned to capture a solid share of this growth, leveraging hundreds of patents issued here and abroad. There's still above-average risk here, to be sure. Although the analyst community predicts this company's business will take off in 2026 once more industrialists realize they simply need this high-performance material to enter the future, that's just a rough guess as to the mass-adoption time frame. Wolfspeed is likely to remain in the red for at least a short while after that pivot point is reached. The risk is arguably worth the reward, though, particularly in light of the stock's extreme setback that's rooted in near-term fear without regard for this company's long-term prospects. Should you invest $1,000 in Constellation Brands right now? Before you buy stock in Constellation Brands, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Constellation Brands wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $718,876!* Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of March 3, 2025 James Brumley has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Berkshire Hathaway, Celsius, Monster Beverage, and Wolfspeed. The Motley Fool recommends Constellation Brands. The Motley Fool has a disclosure policy.
