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Jim Cramer: Constellation stock would be much higher if it listened to me on wine and spirits - TL;DR CNBC

Jim Cramer: Constellation stock would be much higher if it listened to me on wine and spirits

Publishing timestamp: 2024-01-08 12:39:55


Summary

Constellation Brands reported mixed fiscal 2024 third-quarter results, with strong performance in the Beer segment but disappointing results in the Wine & Spirits segment. The company raised its full-year earnings and cash flow outlook but cut its financial outlook for the Wine & Spirits segment. Jim Cramer has been advocating for the company to focus on its beer business and divest its underperforming Wine & Spirits business. The CEO of Constellation Brands stated that weight-loss drugs have had little impact on the company, but acknowledged challenges in the wine industry.


Sentiment: MIXED

Tickers: STZ

Keywords: jim cramerconstellation brands incbusiness newsmarketsbreaking news: marketsearningsinvestment strategystock takesinvestingclubsample

Source: https://www.cnbc.com/2024/01/08/cramer-says-constellation-would-be-a-higher-stock-if-it-was-beer-only.html


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