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Constellation Brands books large loss on wine and spirits
Modelo Maker Constellation Books $2.25 Billion Impairment from Wine and Spirits
Alcohol heavyweight Constellation Brands booked a $2.25 billion goodwill impairment tied to its wine and spirits business, swinging it to a loss for the summer quarter.
Constellation Brands books large loss on wine and spirits, but beer sales rise
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.
Constellation Brands Stock Falls as Results Hurt by Weak Wine and Spirits Sales
Key Takeaways Constellation Brands, the maker of Corona and Modelo beers, posted mixed second-quarter results as wine and spirits sales sank.The maker of Modelo Especial and Corona beer posted strong overall beer sales in the quarter.
1h
Jimmy Butler’s California Mansion Is ‘Like a Resort’ with Its’ Own Coffee Shop and Wine Cellar Inspired by Mark Wahlberg
Jimmy Butler gives a tour of his Southern California mansion that was designed by HGTV’s Tiffany Brooks. The NBA star says ...
2h
Chicago-area sommelier describes best way to do a wine tasting on Cooking up a Storm
ABC7 Chicago dove into the art of wine tasting, and what goes best with certain dishes, on Cooking up a Storm Thursday.
5h
on MSN
From Spirits To Success: How The Black Owned Wine And Spirits Festival Is Showcasing The Legacy Of Our Brands
With over 40 Black-owned brands, BOWSFest is the ultimate celebration of Black excellence in the spirits industry.
4h
This Woman-Run Winery Is Pushing Lebanon's Wine Industry Forward
Lebanon's wine industry has experienced everything from daily electric outages to literal war. Despite the tumult, the ...
AgriLife Today
8h
How to choose the right bottle of red wine
Learn how to choose a perfect bottle of red wine with expert tips on wine classifications, food pairing, and finding a wine ...
2d
For East Coast Wine Importers, the Port Workers Strike Brings Fear and Uncertainty
The strike, disrupting shipments along the East and Gulf Coasts, comes as the wine industry tries to make up its sales after ...
KELOLAND News on MSN
2h
DTSF October Art and Wine Walk is back
For all the art, wine, and shopping lovers, there’s an event Friday night that is calling your name. While downtown may be ...
CNET
2d
Get Total Wine's Popular 2024 Wine Advent Calendar Early Before it Sells Out
Skip the gift baskets and fruitcakes! Total Wine's unique wine advent calendar sells out fast every year, and makes a ...
2d
‘Come over October’ counters ‘Sober October’ with wine and friendship
It comes as wine is plagued by sluggish sales and a rising anti-alcohol sentiment epitomized by “Sober October” and “Dry ...
1d
on MSN
Can We Give You Some Wine Advice? Smart Tips Straight From the Pros
A sommelier has so little time tableside to guide a guest to the right wine. Here, five pros share the piece of advice they ...
Santa Rosa Press Democrat
20h
92-year-old Mendocino County wine brand is sold
A growing California Central Coast wine group acquires Parducci Wine Cellars and two other Mendocino County brands. Parducci ...
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