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Why Constellation Brands (STZ) Is Up 7.0% After Earnings Beat, Buyback Completion, And Guidance Withdrawal
Constellation Brands recently reported past fourth-quarter and full-year 2026 results showing sales and revenue declines but a swing to net income of US$201.8 million for the quarter and US$1.69 billion for the year, alongside a quarterly dividend of US$1.03 per share and completion of a US$999.00 million buyback program.
Despite pulling its fiscal 2028 outlook and citing subdued demand, the company’s earnings beat, higher cash returns, and upcoming CEO transition to Nicholas Fink have...