Lately, liquor company Constellation Brands (NYSE:STZ) has been reaching for the stars to try to expand its brand, specifically into the beer market. In its most recent earnings release, the company saw its share of misses, but as CEO Rob Sands notes, the acquisition of beer distributor Grupo Modelo's U.S. branch was definitely a bright spot.
In the video below, Motley Fool contributor Caroline Bennett analyzes Constellation's latest quarterly earnings call, and takes a closer look at just how much Constellation's foray into the beer industry is paying off. Is this company's peak behind it, or is it still worth a shot?
Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.