STZ – Market expectations are for Uniform ROA to decline, but management is confident about Corona Refresca Mas, their operations, and marketing

• Constellation Brands, Inc. (STZ:USA) currently trades above corporate averages relative to UAFRS-based (Uniform) earnings, with a 28.0x Uniform P/E. Even at these levels, the market has bearish expectations for the firm, but management is confident about Corona Refresca Mas, their operations, and brand awareness
  
  

• Specifically, management is confident they delivered strong fiscal 2020 performance and that they are extending into the high-ABV flavored malt beverage market through the launch of Corona Refresca Mas this fall. In addition, they are confident about their first national YouTube digital ad campaign to expand awareness in key areas, that their business has weathered prior downturns, and that they are taking great care to operate correctly