Will Canopy Growth Weigh Heavily on Constellation Brands in Q3?
Constellation Brands (NYSE: STZ) is trying to get its house in order after going on a spending spree over the past few years in an attempt to drive growth. Thus far, most of those efforts have failed to deliver, so now, it's refocusing on a group of premium brands and future growth opportunities.
With its third-quarter earnings release scheduled for Jan. 8, investors will want to know whether the adult beverage company's plans are on track, even though its forays beyond its core competency are likely to weigh on performance again.
Image source: Constellation Brands.
Source Fool.com
