Key points
- Constellation Brands (STZ US) reported its 3Q19 earnings overnight. STZexpects weakness in wine & spirits in 4Q. The stock sold off -12.5%.
- We are less concerned on impact for TWE given (i) commercial winesappear to be struggling more & (ii) STZ depletions appear weaker than TWE
- In response, TWE reiterated 25% EBITS growth for FY19 (MRE: 24%).Against the current uncertain market backdrop, this is positive. Retain OP.
Key pointsConstellation Brands (STZ US) reported its 3Q19...
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Last
$7.61 |
Change
-0.045(0.59%) |
Mkt cap ! $6.199B | |||
| Open | High | Low | Value | Volume |
| $7.66 | $7.68 | $7.59 | $5.964M | 781.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 62630 | $7.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.61 | 11964 | 22 |
View Market Depth
| Last trade - 11.26am 11/09/2025 (20 minute delay) ? |
| TWE (ASX) Chart |