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Constellation Brands doubles hard seltzer capacity; increases ecommerce

As Constellation Brands plans for the year ahead, two fast-growing areas are at the top of its agenda: hard seltzers and ecommerce.
The beer, wine and spirits giant - which is centered around brands such as Modelo Especial, Corona, Kim Crawford, Meiomi and The Prisoner – hopes to reap the results of being one of the early movers in Big Beer s push into hard seltzers, as well as the alcohol ecommerce sector.
This year it is doubling its hard seltzer capacity and launching a new product as it looks to grow its presence further in the category.
And with the pandemic pushing consumers towards ecommerce, Constellation says this will be a ‘meaningful pillar of growth’ for the company in the future. ....

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Constellation Brands (STZ) Q3 2021 Earnings Call Transcript

Operator
Welcome to the Constellation Brands Q3 fiscal year 2021 earnings conference call. [Operator instructions] I would now like to turn the call over to Patty Yahn-Urlaub, senior vice president of investor relations. Please go ahead.
Patty Yahn-Urlaub
Senior Vice President of Investor Relations
Thanks, Jonathan. Good morning, and welcome to Constellation s third-quarter 2021 conference call. I m here this morning with Bill Newlands, our CEO; and Garth Hankinson, our CFO. As a reminder, reconciliations between the most directly comparable GAAP measure and any non-GAAP financial measures discussed on this call are included in our news release or otherwise available on the Company s website at www.cbrands.com. ....

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