<< Read Full Article
<< Read Full Article
Sobering Sales? Constellation Brands Soars
Shoppers are apparently turning away from pricey wines and spirits to get their alcohol fix on the cheap.
As a result of this somewhat sobering trend, Constellation Brands(STZ Quote) posted an 85% plunge in first-quarter earnings, and announced that it is concentrating on brands that appeal to the budget-conscious consumer.
Still, the maker of Robert Mondavi wines and Svedka brand vodka beat Wall Street's expectations, sending shares soaring nearly 12% in morning trading to $14.17. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,328.89 | 1,102.47 | 2,211.69 | 35.46 |
Oil *
73.88
|
|
UP
20.63
|
UP
6.40
|
UP
31.64
|
UP
0.59
|
10 Yr
3.55%
SPDR Gold
108.95
|
|
+0.20%
|
+0.58%
|
+1.45%
|
+1.69%
|
Data delayed 20 minutes |
Connect with TheStreet