Constellation Brands: Expect Strong Beer Performance To Continue [Seeking Alpha]
Constellation Brands, Inc. (STZ)
Last constellation brands, inc. earnings: 4/3 07:30 am
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US:NYSE Investor Relations:
cbrands.com/investors
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Source: Seeking Alpha
The company reported strong Q1 results, with net sales growing 7.1% driven by beer segment growth of 10.9%. Management expects a solid year ahead, with strong volume growth and margin recovery in the beer segment. Overview My recommendation for Constellation Brands ( NYSE: STZ ) is a buy rating, as I continue to expect strong performance in the foreseeable future. The strong demand momentum seems to have continued into 1Q25 (1CQ24), which sets FY25 (CY24) to a very strong start. While Beer's segment gross margin seems poor on a headline basis, EBIT actually fared pretty well. With the incremental cost savings and operating leverage from more volume sales, I believe Beer's EBIT margin can sustain itself at this level (with the potential to improve). Note that I previously rated buy rating as I expected strong performance through FY25 and that 4Q24 could outperform guidance as 4Q23 was an easy comp quarter. Recent results and updates STZ reported a very strong 4Q24 quarter ,
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News
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- The Constellation Brands, Inc. (NYSE:STZ) Full-Year Results Are Out And Analysts Have Published New Forecasts [Yahoo! Finance]Yahoo! Finance
- Constellation Brands Full Year 2024 Earnings: In Line With Expectations [Yahoo! Finance]Yahoo! Finance
- Yerbaé Expands Distribution Network with Two New Partnerships [Yahoo! Finance]Yahoo! Finance
- New deal puts 2 of WA state's largest wine producers back in Washington hands [Yahoo! Finance]Yahoo! Finance
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