Constellation Brands (STZ) rose 1.23% to close at $165.63, extending a significant 27.04% three-month rally as the company nears the completion of its major infrastructure projects.
- The company has earmarked $2 billion through fiscal 2028 to finalize its multi-year Mexican brewery expansion, including the key Veracruz facility.
- Analysis from Simply Wall St suggests that concluding these capital expenditures could unlock up to $950 million in annual free cash flow.
- This projected financial flexibility is expected to help the company offset current concerns regarding softer demand among its core Hispanic consumer base.