Constellation Brands (NYSE: STZ), the largest beer producer in the U.S, reported third-quarter 2022 earnings results today.
The net sales were $2.3 billion a decrease of 5% compared to the previous year’s third quarter.
The company had a profit of $470 million or $2.48 per share compared to a profit of $1.2 billion or $6.55 per share, of the same quarter in the previous year.
When online platforms thrived on the unusually strong traffic growth during the shutdown, as home-bound people turned to video-streaming and gaming sites, there was speculation that the trend might reverse
Production disruption and logistics issues continue to have a crippling effect on the industrial sector but the performance of companies, in general, has been mixed so far. Fastenal Company (NASDAQ:
Netflix, Inc. (NASDAQ: NFLX) Thursday said it added 8.3 million paid members in the December quarter. Revenues increased and matched estimates, aided by the relaxation of COVID restrictions and resumption