January 5, 2017 / 5:47 PM / 2 years ago

BRIEF-Constellation CEO says changing political, legislative landscape in US recently impacting stock

Jan 5 (Reuters) - Constellation Brands Inc

* Constellation CEO - Changing political, legislative landscape in US - potential changes to tax structure, tariffs, trade policies recently impacted co’s stock -Conf call

* Constellation CEO - Many unknowns related to future legislation, too early to make definitive call on final outcomes, timing as legislation has not been written

* Constellation - in Q4, expect net gain of $255 million related to sale of Canadian wine business -conf call

* Constellation - Could shift purchase of natural gas from Mexico to US, increase COGS component that’s US-based to mitigate impact of lack of deductability of foreign cuts -conf call

* Constellation - Don’t expect consumer demand for product to be affected by border adjustability in any time frame -conf call

* Constellation - 70-75 percent hedged on the Peso for this fiscal year. Next fiscal year, company is about 50 percent exposure hedged -conf call Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below