Constellation Brands(US:STZ)2025-01-10 18:18Financial Performance - The company's Q3 FY25 net sales remained flat at $2464 million compared to Q3 FY24[17] - Q3 FY25 comparable operating income decreased by 2% to $802 million[17] - The company updates FY25 reported EPS outlook to $390 - $430 and comparable EPS outlook to $1340 - $1380[14] Beer Business - Beer business net sales increased by 3% to $20324 million in Q3 FY25[17] - Beer business operating income increased by 2% to $7699 million in Q3 FY25[17] - The company updates FY25 net sales growth to 4 - 7% and operating income growth to 9 - 12%[12] Wine and Spirits Business - Wine and Spirits business net sales decreased by 14% to $4314 million in Q3 FY25[17] - Wine and Spirits business operating income decreased by 25% to $952 million in Q3 FY25[17] - The company updates FY25 organic net sales to decline 5 - 8% and operating income to decline 17 - 19%[13] Capital Allocation - The company maintained a net leverage ratio of approximately 29x[14] - The company executed $219 million of share repurchases in Q3, bringing the year-to-date total to $668 million[14] - Capital expenditures in Q3 were $228 million, with a year-to-date total of $932 million, primarily focused on beer brewing capacity additions[14]