Can Constellation Brands Dominate the Beer Market in 2021?
Constellation Brands' (NYSE: STZ) stock fell in the wake of its fiscal fourth-quarter earnings report. Investors looked past the good news the company announced on market share and profits to focus instead on the beer giant's prediction of rising costs ahead.
Constellation Brands will spend more in areas like marketing and packaging in fiscal 2022, according to executives, along with huge outlays in its Mexican brewery expansion project.
But these costly initiatives will bolster the company's already dominant position in the U.S. beer industry, management said in a conference call with Wall Street analysts. Let's look at some highlights from that discussion.
Source Fool.com
