Corona and Modelo beer maker Constellation Brands (STZ) reported fourth quarter earnings last week, and failed to meet market expectations for earnings per share, as fourth quarter sales fell 5% year-over-year. This comes as consumers and investors battle ongoing inflation and higher prices.
"Inflation is one of those characteristics that's been a bit stubborn," says Constellation Brands CEO Bill Newlands, who joined Yahoo Finance's Julie Hyman and Brad Smith to discuss the most recent quarter.
When asked about the impact inflation is having on the company and its investors, Newlands said, "It's certainly not back to where it was before the inflationary trend started."
Newlands added that inflation is "certainly going to be the one big watch out, is what does inflation do over time, and what does it do to particular commodities?"
Key Video Moments:
0:00:10: Inflation not back to where the inflationary trend started
0:00:20: What does inflation do over time
0:00:29: Stubborn inflation impact
