Earnings

Corona brewer gets slammed post-earnings, and we question whether to keep the stock

Cases of beer from Corona and Modelo on display at a BevMo store in San Rafael, California, on Jan. 5, 2024.
Justin Sullivan | Getty Images

Constellation Brands put up such disappointing quarterly results before Friday’s opening bell that we’re having second thoughts about whether the beer, wine and spirits stock still belongs in the portfolio.

Articles You May Like

L.A. wildfire victims face financial anxiety amid recovery: ‘The uncertainty is very unsettling’
Bank stocks pop after Fed releases ‘easier’ 2025 stress test, plans to make exam more predictable
WNBA files trademark application to bring back ‘Detroit Shock’ as city submits expansion bid
Fiserv shares rally to record on earnings beat, bullish revenue outlook
Steelmakers may benefit from Trump trade salvos, but Wall Street warns of longer-term headwinds

Leave a Reply

Your email address will not be published. Required fields are marked *