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Constellation Brands (STZ) surpassed second-quarter profit and sales expectations, driven by strong demand for its beer brands like Modelo Especial and Victoria. The company noted resilient demand despite broader challenges in the alcohol industry and a soft spending environment.
Alcohol company Constellation Brands (NYSE: STZ ) looks to win back investors after shares hit 11-year lows on Monday, one day before the company reports second-quarter financial results after market close. Here are the earnings estimates, what experts are saying and key items to watch. • Constellation Brands stock is