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Constellation Brands needs its new brewery, and quick - Analysis

2016-01-08 17:32:00| Daily beverage news and comment - from just-drinks.com

There was no real surprise to Constellation Brands' announcement yesterday that it is to build a second brewery in Mexico. In October, CEO Rob Sands hinted that an announcement was imminent on expanding capacity for the Mexican beer range it acquired the US rights to in 2012.

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L Brands reports - best December ever'; sales jump 8%

2016-01-08 15:47:06| Apparel - Topix.net

The Columbus-based retailer, parent of Victoria's Secret and Bath & Body Works, posted an increase of 8 percent in comparable store sales, a key indicator of a retailer's health. Analysts had predicted a 3.9 percent increase, and even that was seen only days ago as a far more optimistic outlook than that seen for "most mall-based retailers, who have felt business pressures from multiple directions," said Ken Perkins, president of Retail Metrics, a retail research firm.

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Constellation Brands leads the way

2016-01-08 11:53:24| Beverages - Topix.net

Amid tumbling share prices on Wall Street, one drinks company stands out like a beacon following a set of results no analyst had predicted - Constellation Brands. The company's shares gained more than 40% in 2015 and yesterday it boosted shareholders further by announcing a 22% increase in third-quarter profits to $270.5 million , far outstripping estimates.

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Constellation Brands tops Street 3Q forecasts

2016-01-07 23:28:32| Beverages - Topix.net

Shares of beer and wine maker Constellation Brands rose nearly 5 percent on Thursday after reporting fiscal third-quarter results that beat expectations and raised its earnings outlook for the year. The company also said it would build a new brewery in Mexicali, Mexico as demand for imported Mexican beer remains strong.

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L Brands Inc (LB) Given "Hold" Rating at Cantor Fitzgerald

2016-01-07 18:57:46| Apparel - Topix.net

's stock had its "hold" rating reaffirmed by analysts at Cantor Fitzgerald in a report released on Thursday, Market Beat reports. They currently have a $99.00 price objective on the stock.

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