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 ...

Constellation Brands, Inc. (NYSE:STZ) Q4 2024 Earnings Conference Call April 11, 2024 10:30 AM ET Company Participants Snehal Shah - Director of Investor Relations Bill Newlands - President and Chief Executive Officer Garth Hankinson - Chief Financial Officer Conference Call Participants Nik Modi - RBC Capital Markets Dara Mohsenian - Morgan Stanley Bryan Spillane - Bank of America Lauren Lieberman - Barclays Chris Carey - Wells Fargo Securities Kaumil Gajrawala - Jefferies Nadine Sarwat - Bernstein Drew Le ...

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 ...

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Follow Invezz on Telegram , Twitter , and Google News for instant updates >Constellation Brands Inc (NYSE: STZ) is trading up in premarket on Thursday after coming in ahead of Street estimates for its fiscal fourth quarter.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Constellation Brands stock gains on strong guidance Copy link to section The stock is being rewarded also because $STZ issued strong guidance for the future. Earnings on a per-share ba ...