Nicholas Fink becomes President and CEO of Constellation Brands today. Fink has served as a board member since 2021. He succeeds the retiring Bill Newlands, who remains a strategic advisor.
The company recently reported mixed financial results. Fourth-quarter earnings exceeded estimates. Revenue also beat estimates.
Constellation Brands issued a profit forecast for fiscal 2027. The firm withdrew its 2028 guidance, citing economic uncertainty.
Beer sales achieved modest growth. The wine and spirits division experienced a significant decline.