Constellation Brands Updates Fiscal 2025 Outlook

Updates reported EPS guidance to $3.05 -$7.92 and raises lower-end of comparable EPS guidance to $13.60 -$13.80, affirming double-digit comparable EPS growth expectation (1) Updates Enterprise net sales growth to 4% - 6%, reported operating income decline to (68)% - (36)% including an expected Wine and Spirits goodwill impairment loss of approximately $1.5 -$2.5 billion(2), and comparable operating income growth to 8% - 9% Updates Beer net sales growth to 6% - 8% and raises Beer operating income growth t ...