I have no doubt that the Corona brand will bring strong marketing and appeal to such a product, but it is definitely what everyone is doing. On a comparable basis earnings per share were $2.72, a 5% decrease year over year. Fiscal 2020 guidance includes earnings of $9.00 to $9.20 per share on a comparable basis. The next few years should see Constellation move further into the premium categories, especially nontraditional drinks like hard seltzer. Is Constellation Brands the Coca-Cola of Adult Drinks? We can help support the growth of your brand in numerous ways – working with distributors, vendors and thousands of employees, we can offer category insights, feedback on strategic plans, and our people and partners will position your business to thrive. Its 2012 purchase of hit imported beer brands including Corona have helped it supercharge sales growth while adding over 10 percentage points to its bottom-line profitability. We look forward to partnering to create disruptive innovation with a group of bold and talented leaders. No matter how you slice it, the stock is not cheap. Cumulative Growth of a $10,000 Investment in Stock Advisor, Constellation Brands Earnings Take a Hit Over Cannabis Investment @themotleyfool #stocks $STZ $CGC, Better Buy: Costco vs. Constellation Brands. The shares carry $37 billion in market capital, while the company holds $11.69 billion on the balance sheet in shareholder's equity. Let's peer into our crystal ball. Outside of the typical beer lineup, the company is now looking into capitalizing on the spiked seltzer craze with a Corona-branded lineup. Constellation Brands said it will acquire direct-to-consumer wine company Empathy Wines, co-founded by entrepreneur Gary Vaynerchuk in … Executives like this deal for many reasons, including the pot giant's ample intellectual property in research areas like genetics and medical marijuana; its portfolio of popular cannabis brands in markets as varied as Canada, Brazil, and Australia; and its rights to sell CBD consumer products in the U.S. By 2025, depending on how the regulatory landscape develops, it's not a stretch to say that Constellation Brands might be getting enough of a contribution from the Canopy Growth business to make it its third reportable operating line, right alongside the spirits and wine and the beer divisions. The global drinks company Constellation Brands has increased its exposure to legal pot. Acknowledge the visionaries shaping our industry’s future. Demitri covers consumer goods and media companies for Fool.com, as well as broader moves in the economy. Constellation Brands is a different business than it was just a decade ago. In August of 2018, Constellation Brands invested $4 billion in the Canadian-based cannabis company Canopy Growth. Constellation Ventures aims to be an active minority investor with all of our investments. The way to judge success for these projects is by following the company's overall market share and its operating margin, which has recently set an industry high. But there's no doubt that Constellation Brands will be a major player in this emerging industry by 2025. How have hedgies been trading Constellation Brands, Inc. (NYSE:STZ)?