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Spirits Giant Set to Post Second Quarter Results Wednesday

June 23, 2023
in Trade Tube
Reading Time: 1 min read
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TheStreet’s Jim Cramer is keeping an eye on Constellation Brands (STZ) Wednesday as the company releases its latest quarterly results. The beer, wine and spirits maker is set to report second quarter earnings results before the opening bell on Wednesday. Cramer says the Modelo and Corona brands are doing incredibly well and they’re the fastest growers in the category. He says, ‘Here’s what happens to Constellation Brands, it runs up in the quarter, they report the quarter, then it goes down and that’s your chance to buy. I think that could happen again.’ Analysts polled by Reuters are expecting Constellation Brands to earn $1.32 a share on revenue of $1.73 billion.

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