Constellation Brands books large loss on wine and spirits, but beer sales rise
Oct 03, 2024
Constellation Brands’s stock fell Thursday, after the parent of Modelo and Corona beer brands beat adjusted profit expectations, but only after excluding a large non-cash loss booked for writing down the value of its wine and spirits business.
https://www.marketwatch.com/story/constellation-brands-books-large-loss-on-wine-and-spirits-business-but-stock-rises-after-adjusted-profit-beats-eae99bff?mod=mw_rss_topstories
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