Constellation Brands Exec Says Expects Sequentially Lower Operating Margins In H2
Portfolio Pulse from Benzinga Newsdesk
Constellation Brands anticipates lower operating margins in the second half of the year, as stated by an executive during a conference call.
October 03, 2024 | 2:53 pm
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Constellation Brands expects sequentially lower operating margins in the second half of the year, which could impact profitability and investor sentiment.
The announcement of expected lower operating margins suggests potential challenges in maintaining profitability, which could lead to a negative short-term impact on STZ's stock price as investors react to the news.
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