Constellation Brands (STZ) says unexpected inflation in US trucking and commodity costs will create "a little bit of gross profit margin pressure" in the second half despite significant cost savings
Summary by Inflation News Editorial Desk · As published by Newsquawk
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· 1 min read
Constellation Brands anticipates pressure on its gross profit margin. This development is attributed to rising costs. Significant cost savings are expected to be partially offset by these increased expenses.
Further information is available from the source, Newsquawk. Details about the company's outlook are provided in their report.
The pressure on profit margin is forecast for the second half, due to certain unexpected expenses. These expenses include higher costs for commodities and trucking in the US.