Dallas, Texas 01/09/2014 (FINANCIALSTRENDS) – Constellation Brands, Inc. (NYSE:STZ) is a US-based wine making company with major market presence in Canada, United Kingdom as well as Australia and New Zealand. The company holds market capital of $14.51 billion, with volumes of 8,130,103, and an EPS of 9.0, besides a 52-week low and 52-week low of $78.40 and $28.37 respectively. Holding a range of premium brand wines, Constellation brand stocks currently trade at $76.61 an astounding 9.55% increase over previous prices.
Constellation Brands, Inc. (NYSE:STZ) rode the short supply situation for grapes, the primary source for wine-making through US-based sourcing. The short resulted in price rise. However, the operations of several wineries in state of the country have definitely softened the impact of the grapes shortage.
China’s wine-drinking populace increase four times
As Chinese consumers for wine now increases by over four times, business venturing into this lucrative market are in a fix. The find for the local partner to move into this lucrative market base is far outweighed by the need to find the best partner. It is expected that Constellation Brands, Inc. (NYSE:STZ) as one of the leading wine-brands, makers and suppliers in the US may consider
Now Beer company rides high
Constellation Brands, Inc. (NYSE:STZ) has since reported good quarterly returns driven by good sales of its beer brands. The volume gains signal the rise in the wine and spirit sales as well at 3%. These profits were however offset by the spending on promotions. The overall cash flow for these is $525 million and 5575 million for 2014.
Constellation Brands, Inc. (NYSE:STZ) had a good second quarter on it beer sales and speculation is now strife, the sustenance the company will now have in the beer-making niche on the long term. The company as a distributor for some of the high profile beer brands, though it entered distributorship by default, led to the doubling in sale in past quarter. However, a flat US beer market does not exactly brew well for fledging beer-making venture in the near future.