Constellation Brands' Continued Beer Strength Offsets Its Wine And Spirits Weakness [Yahoo! Finance]
Constellation Brands, Inc. (STZ)
Last constellation brands, inc. earnings: 4/3 07:30 am
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Source: Yahoo! Finance
Constellation Brands, whose operations span across the U.S., Mexico, New Zealand, and Italy, delivered a stronger than expected fourth quarter profit, with management indicating that the segment greatly contributed to its success over the fiscal year. Fourth Quarter Highlights For the quarter that ended in February, Constellation Brands posted revenue of $2.3 billion, surpassing Wall Street estimates of $2.1 billion. It reported earnings per share of $2.26, also surpassing analyst estimates of about $2.10. The beer business continued its strong growth momentum with its 56th consecutive quarter of volume growth. CEO Bill Newlands also added the company achieved a significant milestone this year, as Modelo Especial became the number one beer in U.S. dollar sales. Beer sales through retailers alone expanded 8.9%, compared with 6% achieved during last year's comparable quarter. On the other hand, challenging marketplace dynamics continued to pressure sales volumes of its wine and
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STZ
Earnings
- 4/11/24 - Beat
STZ
Sec Filings
- 4/23/24 - Form 4
- 4/23/24 - Form 10-K
- 4/19/24 - Form 144
- STZ's page on the SEC website