STZ Q2 Earnings Beat, Sales Miss on Soft Wine & Spirits Business

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 ...