Constellation Brands (STZ) came out with quarterly earnings of $4.32 per share, beating the Zacks Consensus Estimate of $4.11 per share. This compares to earnings of $3.70 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 5.11%. A quarter ago, it was expected that this wine, liquor and beer company would post earnings of $3.46 per share when it actually produced earnings of $3.57, delivering a surprise of 3.18%. Over the last f ...

On October 3, 2024, Constellation Brands Inc (STZ, Financial) released its 8-K filing for the second quarter of fiscal year 2025. The company, a leading provider of alcoholic beverages in the U.S., reported a mixed financial performance, with earnings per share (EPS) falling short of analyst estimates but revenue surpassing expectations. Company Overview Constellation Brands Inc (STZ, Financial) is the largest provider of alcoholic beverages across the beer, wine, and spirits categories in the U.S., generat ...

ROCHESTER, N.Y., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, reported today its second quarter fiscal 2025 financial results. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Chief Financial Officer, Garth Hankinson, on Thursday, October 3, 2024 at 10:30 a.m. EDT. Visit ir.cbrands.com to locate information for joining the conference call, or a live, list ...

Constellation Brands, Inc. STZ will release earnings results for its second quarter, before the opening bell on Thursday, Oct. 3. Analysts expect the Victor, New York-based company to report quarterly earnings at $4.08 per share, up from $3.70 per share in the year-ago period. Constellation projects to report revenue of $2.9 billion for the quarter, according to data from Benzinga Pro. On Sept. 3, Constellation Brands revised its FY25 comparable EPS forecast to $13.60 – $13.80, compared to the previous fore ...

Wall Street analysts expect Constellation Brands (STZ) to post quarterly earnings of $4.11 per share in its upcoming report, which indicates a year-over-year increase of 11.1%. Revenues are expected to be $2.95 billion, up 4% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Prior to a compan ...

Constellation Brands, Inc. (STZ) is scheduled to release second-quarter fiscal 2025 results on Oct. 3, 2024. The alcoholic beverage bigwig is expected to have recorded top-and-bottom-line growth in the to-be-reported quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The Zacks Consensus Estimate for the company's fiscal second-quarter earnings is pegged at $4.11 per share, indicating 11.1% growth from the year-ago quarter's reported figure. The consensus mark has moved down b ...

Constellation Brands Inc. (STZ) has lowered its financial outlook for fiscal 2025, citing continued soft trends in its Wine and Spirits business. The company noted that weakness persisted in the U.S. wholesale wine and spirits market, leading to declines in the overall wine market and its mainstream and premium wine brands. The company attributed the weakness in consumer demand to ongoing macroeconomic headwinds, particularly rising unemployment. As a result of this weakness, STZ expects to record non-cash ...

Key Takeaways Constellation Brands, whose beverages include Modelo and Corona beers, raised the low end of its fiscal 2025 earnings per share outlook on Tuesday. The company expects to recognize a goodwill impairment loss of $1.5 billion to $2.5 billion in its wine and spirits division for this quarter. Constellation will report fiscal second-quarter earnings before the market opens on Oct. 3. Constellation Brands (STZ) raised the lower end of its outlook for fiscal 2025 adjusted earnings Tuesday, ahead of ...

Booze giant Constellation Brands on Tuesday warned it could be forced to write down the value of its assets by as much as $2.5 billion this year because of weak wine demand as consumers pull back on non-essentials amid sticky inflation. The Rochester, NY-based company – which owns brands including Corona, Modelo, Robert Mondavi and Casa Noble – said the noncash goodwill impairment loss of between $1.5 billion and $2.5 billion would hurt its second quarter results. Constellation nearly halved its earnings ou ...

Constellation Brands, Inc. (NYSE:STZ) Barclays 17th Annual Global Consumer Staples Conference September 3, 2024 11:15 AM ET Company Participants Bill Newlands - President and Chief Executive Officer Garth Hankinson - Executive Vice President and Chief Financial Officer Conference Call Participants Lauren Lieberman - Barclays Lauren Lieberman Thank you for being here and welcome to the 33rd Annual Barclays Global Consumer Staples Conference. As always, it's awesome to see so many familiar faces once again, a ...