Constellation Brands is the largest provider of alcoholic beverages across the beer, wine, and spirits categories in the US, generating more than 90% of revenue from Mexican beer imports under top-selling brands such as Modelo and Corona. The rest of the business includes some remaining wine and spirits brands, categories where the company has pruned assets in recent years. With its exclusive rights tied to the Mexican beer brands effective only in the US, the firm has limited revenue exposure to international markets. Constellation owns a 10% stake in Canopy Growth, a medicinal and recreational cannabis producer in Canada, and has a 50/50 joint venture with glass manufacturer Owens-Illinois in Mexico.

Constellation Brands is the largest provider of alcoholic beverages across the beer, wine, and spirits categories in the US, generating more than 90% of revenue from Mexican beer imports under top-selling brands such as Modelo and Corona. The rest of the business includes some remaining wine and spirits brands, categories where the company has pruned assets in recent years. With its exclusive rights tied to the Mexican beer brands effective only in the US, the firm has limited revenue exposure to international markets. Constellation owns a 10% stake in Canopy Growth, a medicinal and recreational cannabis producer in Canada, and has a 50/50 joint venture with glass manufacturer Owens-Illinois in Mexico.

Constellation is a global manufacturer and marketer of wine, spirits, and beer with a wide range of brands, including Clos du Bois, Ruffino, Robert Mondavi, Kim Crawford, and SVEDKA vodka. The company also owns the rights to brew and market Modelo Mexican beers (including Corona) in the United States.

The major indices have bounced about today, initially mixed on U.S./Iran ceasefire hopes that turned into ceasefire worries, then lower on hot inflation data (which dampened the outlook for a cut in interest rates), and now higher again on renewed hopes for an ingoing ceasefire. Keep you belts fastened folks, although we note that the VIX volatility index thankfully has fallen back to about 20 after rising above 27 earlier in the week. Meanwhile, crude oil is at about $99/barrel, up from $97 earlier in the day but better than $116 earlier in the week.