Last week, Constellation Brands Inc. STZ reported second-quarter adjusted earnings per share of $4.32, beating the analyst consensus of $4.08. Quarterly revenues of $2.92 billion beat the street view of $2.90 billion. The company reported a loss per share of $6.59, including a $2.25 billion non-cash goodwill impairment loss for the Wine and Spirits business. BofA Securities downgraded Constellation Brands, reflecting lowered calendar year 2025 estimates amid slower beer volume growth. The analyst writes, "W ...

Constellation Brands Inc (STZ, Financial), a leading beverage alcohol company, filed its 10-Q report on October 3, 2024, revealing a mixed financial performance. The company reported net sales of $5,580.7 million for the six months ended August 31, 2024, a modest increase from the previous year's $5,351.7 million. However, STZ faced a significant goodwill impairment of $2,250.0 million in its Wine and Spirits segment, reflecting the challenges within this market. Despite this, STZ's strong brand portfolio, ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-08495 CONSTELLATION BRANDS, INC. (Exact name of registrant as specified in its charter) Delaware 16-0716709 ...

Constellation Brands, Inc. (NYSE:STZ) Q2 2025 Earnings Conference Call October 3, 2024 10:30 AM ET Company Participants Joseph Suarez - SVP, IR Bill Newlands - CEO Garth Hankinson - CFO Conference Call Participants Kaumil Gajrawala - Jefferies Dara Mohsenian - Morgan Stanley Bonnie Herzog - Goldman Sachs Nik Modi - RBC Capital Markets Andrea Teixeira - JPMorgan Peter Grom - UBS Michael Lavery - Piper Sandler Filippo Falorni - Citi Robert Moskow - TD Cowen Bill Kirk - ROTH Capital Partners Operator Hello, an ...

Key Takeaways Constellation Brands, the maker of Corona and Modelo beers, posted mixed second-quarter results as wine and spirits sales sank. The maker of Modelo Especial and Corona beer posted strong overall beer sales in the quarter. CEO Bill Newlands said the beverage alcohol market has been negatively impacted by the "current macroeconomic backdrop." Constellation Brands (STZ), the maker of Corona and Modelo beers, posted mixed second-quarter results as wine and spirits sales sank. The company reported ...

Constellation Brands, Inc. (STZ) has reported second-quarter fiscal 2025 results, wherein the bottom line beat the Zacks Consensus Estimate but sales marginally missed the consensus mark. The company's sales and earnings improved year over year. Results primarily benefited from the continued strong performance of the beer business and an improved operating margin, offset by a decline in the wine and spirits business. Comparable earnings per share (EPS) of $4.32 improved 14% year over year in the fiscal seco ...

Constellation Brands (STZ -2%) reported mixed results for Q2, with its beer segment thriving while the wine and spirits division faced challenges. The company's beer business saw increased sales and shipment volumes, capturing more market share and resulting in a double-digit earnings beat and revenue growth. Conversely, STZ's wine and spirits segment struggled, experiencing a 12.0% sales decline and a 9.8% drop in shipment volumes due to tough macroeconomic conditions. This led to a $2.25 billion goodwill ...

The beverage name also reported a profit beat for the fiscal second quarter Constellation Brands, Inc. (NYSE:STZ) stock is brushing off a fiscal second-quarter earnings beat, after the beverage name also reported a revenue miss. Additionally, the company reiterated its full-year profit outlook. STZ was last seen down 2.2% to trade at $250.11. Shares are testing a floor at the 40-day moving average, after their latest rally ran out of steam at $261. The security is pacing for a fourth-straight daily loss, wh ...

Constellation Brands (STZ) reported $2.92 billion in revenue for the quarter ended August 2024, representing a year-over-year increase of 2.9%. EPS of $4.32 for the same period compares to $3.70 a year ago. The reported revenue represents a surprise of -1.08% over the Zacks Consensus Estimate of $2.95 billion. With the consensus EPS estimate being $4.11, the EPS surprise was +5.11%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wa ...