Constellation Brands Report Card

The way this market is acting, I need some booze and a lot of it! Constellation Brands (Ticker: STZ) definitely delivered this morning with a nice beat and guided higher for the year. The company also announced its plan to build a new manufacturing plant in Mexicali, Mexico to meet the strong demand for their Mexican beer. I didn’t anticipate another new manufacturing plant this soon as I thought the current plant expansion was sufficient to meet the demand. And don’t forget their premium wine biz, which is also doing well. So with all the gloom and doom out there, this booze company is delivering in a big way…