Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. All of the features can help you identify what stocks to buy, what to sell, and what ...

VICTOR, N.Y., April 18, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE:STZ), a leading beverage alcohol company, announced today that its indirect, wholly-owned subsidiaries, Greenstar Canada Investment Limited Partnership ("Greenstar") and CBG Holdings LLC ("CBG"), have converted (the "Conversion") their common shares ("Common Shares") of Canopy Growth Corporation ("Canopy") into non-voting and non-participating exchangeable shares of Canopy ("Exchangeable Shares"). The amendment to Canopy's sha ...

Financial Data and Key Metrics Changes - The company reported a comparable earnings per share (EPS) growth of nearly 9% for fiscal 2024, exceeding the guidance range of $12 to $12.20, with a final EPS of $12.38 [81] - Net sales increased by 5% at an enterprise level, driven by a strong performance in the Beer Business, which saw net sales growth of over 9% [10][57] - Comparable operating income rose by 7%, resulting in a comparable operating margin of 32.6%, a 50-basis-point increase from the previous year [60][81] Business Line Data and Key Metrics Changes - The Beer Business delivered net sales and operating income growth above 9% and 8% respectively, contributing significantly to overall performance [14] - The Wine & Spirits business experienced declines of approximately 8% for both organic net sales and operating income, attributed to challenging market dynamics [35][76] Market Data and Key Metrics Changes - The Beer Business captured an impressive two points of dollar share within the US beer category, with Modelo Especial becoming the number one beer in US dollar sales [15][16] - International markets saw a 7% decline in net sales due to destocking, particularly in Canada, but Q4 showed a recovery with a 14% growth in net sales from international markets [69] Company Strategy and Development Direction - The company aims to maintain 6% to 8% enterprise net sales growth and achieve low-double-digit comparable EPS growth in fiscal 2025 [13][55] - A new President of Wine & Spirits has been appointed to enhance execution and drive growth, focusing on key brands that represent three-quarters of net sales [17][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering strong enterprise results aligned with medium-term targets despite challenges in the Wine & Spirits segment [48][55] - The company anticipates free cash flow in fiscal 2025 to be between $1.4 billion and $1.5 billion, reflecting ongoing investments in brewery expansions [39][40] Other Important Information - The company generated $2.8 billion in operating cash flow and returned over $900 million to shareholders through dividends and share repurchases [20][75] - The company has set a new environmental goal of restoring more than 5 billion gallons of water to key watersheds between fiscal 2023 and 2025 [54] Q&A Session Summary Question: Inquiry about gross margin and shipment context - Management noted a write-off of a bad accrual impacting Q4 operating margin by about 100 basis points, with minimal impact from the Aguas Frescas launch [45] Question: Future expectations for fiscal 2025 - Management expressed confidence in delivering against the plan with strong enterprise results and capital allocation priorities [48] Question: Discussion on promotional pressures and inventory levels - Management acknowledged challenges in the promotional environment and noted ongoing efforts to manage inventory levels effectively [124] Question: Insights on commodity input inflation and operating profit - Management highlighted that while commodity prices have stabilized, they remain higher than historical norms, impacting margins [143]

Constellation Brands, Inc. (STZ) reported fourth-quarter fiscal 2024 results, wherein the top and bottom lines beat the Zacks Consensus Estimate. The company’s sales and earnings improved year over year. Results have primarily gained from the continued strong performance of the beer business.Comparable earnings of $2.26 per share for the fiscal fourth quarter grew 14% year over year and surpassed the Zacks Consensus Estimate of $2.10. On a reported basis, the company has recorded earnings of $2.14, up 77% f ...

Key TakeawaysConstellation Brands stock rose in early trading Thursday on an earnings report that came in above expectations and amid optimistic guidance for fiscal 2025.The company makes a number of alcohol brands, including Modelo and Corona beers as well as a number of wine and spirit brands.Beer sales have been consistently increasing over the last several quarters, while wine and spirit sales have slumped. Constellation Brands (STZ) stock rose in early trading Thursday as the beverage company reported ...

Key PointsConstellation Brands is moving higher after a double beat in its fourth-quarter earnings report. The company cites higher beer sales as a key reason for the results as sales of its Modelo brand continue to increase. STZ stock looks ready to move to all-time highs as long as inflation doesn't impact consumer tastes. 5 stocks we like better than Constellation BrandsConstellation Brands Inc. NYSE: STZ stock is up 2.4% in early trading after the adult beverages company reported a double beat in its fo ...

Constellation Brands (STZ) reported $2.14 billion in revenue for the quarter ended February 2024, representing a year-over-year increase of 7.1%. EPS of $2.26 for the same period compares to $1.98 a year ago.The reported revenue represents a surprise of +1.71% over the Zacks Consensus Estimate of $2.1 billion. With the consensus EPS estimate being $2.10, the EPS surprise was +7.62%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wal ...

Constellation Brands (STZ) came out with quarterly earnings of $2.26 per share, beating the Zacks Consensus Estimate of $2.10 per share. This compares to earnings of $1.98 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.62%. A quarter ago, it was expected that this wine, liquor and beer company would post earnings of $3.03 per share when it actually produced earnings of $3.19, delivering a surprise of 5.28%.Over the last fou ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Revenue Growth - The company reported a revenue increase of 15% year-over-year, reaching $1.5 billion in Q3 2023[1] - The company reported a revenue of $1.2 billion for the last quarter, representing a 15% increase year-over-year[11] - The company reported a revenue increase of 8% year-over-year, reaching $1.2 billion in the last quarter[16] - The company reported a revenue increase of 15% year-over-year, reaching $1.5 billion for the quarter[26] - The company reported a revenue increase of 30% year-over-year, reaching $1.5 billion in the last quarter[34] - The company reported a revenue increase of 15% year-over-year, reaching $1.5 billion in the last quarter[39] - The company reported a revenue increase of 20% year-over-year, reaching $1.2 billion in the last quarter[56] User Growth - User data showed a growth in active users by 20%, totaling 10 million users by the end of the quarter[2] - User data showed a growth of 25% in active users, reaching 5 million users by the end of the quarter[12] - User data showed a growth of 25% in active users, totaling 10 million users by the end of the quarter[34] - User data showed a growth of 20% in active users, totaling 10 million users[39] - User data showed a growth of 15%, totaling 5 million new users in the last quarter[56] Forward Guidance - The company provided a forward guidance of 10% revenue growth for the next quarter, projecting revenues between $1.65 billion and $1.75 billion[3] - The company provided guidance for the next quarter, expecting revenue to be between $1.3 billion and $1.5 billion, indicating a potential growth of 8% to 25%[13] - The company provided a future outlook with a revenue guidance of $1.8 billion for the next quarter, indicating a projected growth of 20%[20] - The company provided a forward guidance of 10% revenue growth for the next quarter, projecting revenues of approximately $1.65 billion[42] - The company provided a forward guidance of 10% revenue growth for the next quarter, projecting revenues of approximately $1.32 billion[56] New Product Launches - New product launches included a flagship device that contributed to a 25% increase in sales compared to the previous model[4] - New product launches are anticipated to contribute an additional $200 million in revenue over the next fiscal year[14] - New product launches included a flagship device expected to generate $300 million in sales within the first month[19] - New product launches are expected to contribute an additional $200 million in revenue over the next fiscal year[20] - New product launches included two innovative software solutions aimed at enhancing user experience, projected to contribute an additional $200 million in revenue[30] - New product launches contributed to a 25% increase in sales, with the latest product line accounting for $300 million in revenue[40] - New product launches contributed to 25% of total revenue, with the latest product line generating $300 million[56] Research and Development - The company invested $200 million in R&D for new technologies aimed at enhancing user experience and product performance[5] - The company is investing $50 million in R&D for new technologies aimed at enhancing user experience[15] - Research and development expenses increased by 12%, totaling $150 million, focusing on AI and machine learning technologies[27] - The company is investing $50 million in research and development for new technologies aimed at enhancing user experience[34] - The company is investing $50 million in R&D for new technologies aimed at enhancing user experience[56] Market Expansion - Market expansion efforts included entering three new international markets, which are expected to generate an additional $300 million in revenue over the next year[6] - Market expansion plans include entering three new international markets by Q3 2024, which could increase market share by 10%[11] - Market expansion efforts are underway in Asia, targeting a 20% increase in market share by the end of the fiscal year[17] - Market expansion plans include entering three new international markets by the end of the fiscal year[20] - Market expansion efforts have led to a 30% increase in market share in the Asia-Pacific region[42] - Market expansion efforts have led to a 30% increase in sales in the Asia-Pacific region[56] Strategic Acquisitions - The company completed an acquisition of a smaller tech firm for $150 million to bolster its product offerings and market presence[7] - The company is considering strategic acquisitions to bolster its technology portfolio, with a budget of $100 million allocated for potential deals[12] - The company completed a strategic acquisition of a smaller tech firm for $200 million to enhance its product offerings[18] - The company announced a strategic acquisition of a smaller tech firm for $200 million to enhance its product offerings[50] - The company is exploring potential acquisitions to enhance its market position, with a focus on companies in the tech sector[56] Customer Satisfaction - Customer retention rates improved to 90%, up from 85% in the previous quarter, reflecting enhanced customer satisfaction[13] - Customer satisfaction ratings improved to 90%, reflecting a 10% increase from the previous quarter[17] - Customer satisfaction ratings improved to 90%, reflecting the success of recent service enhancements[34] - Customer satisfaction ratings improved by 15%, reflecting the success of recent service enhancements[40] Operational Efficiency - The company reported a 5% increase in gross margin, now standing at 40% due to improved operational efficiencies[9] - The company reported a 10% reduction in operational costs due to efficiency improvements[20] - Operating margin improved to 25%, up from 22% in the previous quarter, reflecting better cost management[26] - Operating expenses were reduced by 10%, totaling $300 million[39] - The company reported a 5% decrease in operational costs due to improved efficiency measures[42] - Operating expenses were reduced by 8%, resulting in improved profitability metrics[56] Marketing Strategy - A new marketing strategy is set to launch in Q2 2024, aiming to increase brand awareness and drive sales growth by 20%[15] - A new marketing strategy was introduced, aiming to increase brand awareness by 30% over the next six months[19] - The company plans to implement a new marketing strategy aimed at increasing brand awareness, with a budget allocation of $50 million[30] - A new marketing strategy is projected to increase brand awareness by 40% over the next year[41] - A new strategic partnership was announced, expected to drive a 5% increase in market share over the next year[56] Sustainability Initiatives - Future strategies include a focus on sustainability initiatives, aiming for a 50% reduction in carbon footprint by 2025[20] - The management emphasized the importance of sustainability initiatives, committing to reduce carbon emissions by 25% by 2025[21]