2 New Ways Constellation Brands Is Boosting Growth
Life has been hard these past few months for many people, but for Constellation Brands (NYSE: STZ), it was well-positioned to thrive in this environment. In the face of widespread business disruptions, Constellation still managed to grow its free cash flow 24% year over year in the fiscal first quarter (ended May 31) as revenue declined 6%. As a result, Constellation Brands has the liquidity and strength to pump investment dollars into its next major growth projects: hard seltzer and cannabis.
