This could be a great time to consider adding Constellation Brands (NYSE: STZ) to your portfolio. The alcoholic beverage stock beat the market in 2022 but still ended the year down about 8% compared to the 19% decline in the S&P 500.

In a fresh earnings announcement in early January, the owner of hit beer brands like Modelo and Corona showed a few good reasons why the business is poised to generate strong growth and earnings results over the next few years. Read on for a few of the factors that make this growth stock such a compelling buy right now after its modest drop over the last year.

Constellation Brands is winning market share in a huge, growing industry. Its core beer division, anchored by premium import brands like Modelo and Pacifico, was the top market share gainer for the sixth straight quarter in Q3.

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Source Fool.com