Constellation Brands' Earnings Rise, but Mexican Production Issues Loom
Wine, spirits, and beer manufacturer Constellation Brands (NYSE: STZ) maintained buoyant sales through its fourth quarter of fiscal 2020, which ended on Feb. 29 -- just as the coronavirus pandemic began to accelerate within the United States. Below, we'll review the company's results, released Friday, as well its pre-COVID-19 fiscal 2021 outlook. We'll also discuss two issues that could impact sales in the near-to-intermediate term. Bear in mind that all comparative numbers refer to those of the prior-year quarter.
Data source: Constellation Brands.
Image source: Getty Images.
Source Fool.com
