Skip to content
  
  

Zxcoachoutlet

Business

Menu
  • business
  • finance
  • insurance
  • money
  • personal

Tag: Secular

Constellation Brands: Still A Discounted Secular Growth Story (NYSE:STZ)

October 9, 2020
| No Comments
| business

Post-2Q review, I am still upbeat on Constellation Brands (STZ), particularly its beer business, which remains a secular winner in the US. With a cleaner wine business and a clear path to resuming share repurchases, the 2H setup looks favorable, in my view. At current valuations of ~16x EV/EBITDA, and free cannabis optionality via the Canopy (OTC:CGC) stake, the value proposition looks quite compelling vis a vis similar high-growth peers such as Monster (MNST) and Brown-Forman (BF.B).

ChartData by YCharts

Strong Profitability in 2Q21 Despite the Backdrop

STZ’s 2Q21 sales of $2.3bn came in ahead of the Street, with gross margins of 52.5% also ~90bps above expectations. SG&A leverage and delayed marketing spend drove operating margin upside and a strong operating income beat vs. the Street. No surprises then that STZ’s $2.91 in EPS (ex-Canopy) was also well above consensus’ $2.69, though this includes the additional benefit to EPS from

… Read More

Read More »

Posted in %1$s Tagged %1$s

Recent Posts

  • Barrett says George Floyd video was ‘very personal’ for her family
  • M1 Finance closes $45M Series C mere months after it raised its $33M Series B
  • The Wake Up for Wednesday, Oct. 14, 2020
  • Business Leaders from Finance, Technology, Retail and Hospitality Call For Civility and Patience Ahead of The 2020 Election | News
  • Personal Preparedness is a Year-Round Commitment and More Important Than Ever

Archives

  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020

Categories

  • business
  • finance
  • insurance
  • money
  • personal
January 2021
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Oct    

Tags

Announces Bank Big billion Business Buy Car Company Coronavirus COVID19 deal Debate demand dollar finance Financial Global Group Growth Health Home insurance Investing Investors IPO Jobs Life Market Markets million money News Oil Pandemic personal Recovery report September shares Stimulus Stock stocks Talks Top Trump

About Us

  • Advertise Here
  • Contact Us
  • Privacy Policy
  • Sitemap

Hairstyle 2020 | All Rights Reserved.

Hairstyle theme by Flythemes