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 ...

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 ...