Constellation Brands’ (STZ) 12-month forward PE mulitple increased 7.2% to 21.2x on April 4, the day the company announced its results for the fourth quarter of fiscal 2019.
As of December 26, Constellation Brands’ (STZ) was trading at a 12-month forward PE (price-to-earnings) ratio of 25.6x. The company’s valuation multiple has risen 6.9% since the announcement of its fiscal 2Q18 results.
As of December 26, Constellation Brands (STZ) stock has risen 47.1% to $225.51 on a YTD (year-to-date) basis. The leading beer, wine, and spirits producer has outperformed the broad market.
Constellation Brands (STZ) is slated to announce its fiscal 4Q17 and fiscal 2017 results on April 6, 2017. The company’s fiscal 4Q17 ended on February 28, 2017.
Constellation Brands’ stock price has risen 17.7% to $165.58 as of September 26 on a YTD basis. Currently, it’s trading above its YTD average price of $155.31.
Brown-Forman has entered into an agreement to sell Southern Comfort and Tuaca trademark to Sazerac for $543.5 million. This agreement will close by March 1.
ABI is a leading company in the consumer staples sector. It has had a strong record of integrating acquisitions and delivering synergies ahead of target.
One of Diageo’s notable innovations Crown Royal Regal Apple whisky, launched in November 2014. This flavored whisky was its biggest driver of increased shipments for the US spirits and wine business in 3Q15.
Despite the growing popularity of US whiskeys like bourbon and Tennessee whiskey in the United States as well as abroad, the demand for imported whiskey continues to grow.
Distilled spirits imports increased by 17.8% to $1.5 billion in the first quarter of 2015, based on data provided by the Distilled Spirits Council of the United States.
Whiskey is the largest category of the US spirits market with a 33% share of gross revenues. Vodka, cordials, and rum hold 25%, 11%, and 10%, respectively.
