Constellation Brands (NYSE:STZ) posted modest World Cup-linked beer sales gains that fell short of expectations, prompting Jim Cramer to recommend initiating a position as beer revenue stabilizes despite ongoing concerns about the spirits segment.
Previous Week Recap
- Constellation Brands World Cup Lift Shrinks: Constellation Brands (STZ) saw a small World Cup–linked beer sales rise; gains were weaker than investors expected, signaling modest upside to recent beer revenue during the event.
- Cramer Recommends STZ Start: Jim Cramer recommended starting a position in Constellation Brands (STZ), citing market rotation and stabilizing beer sales while noting lingering concerns about the spirits segment.
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