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.
Constellation Brands, Inc. (NYSE:STZ) stock is brushing off a fiscal second-quarter earnings beat, after the beverage name also reported a revenue miss.
The headline numbers for Constellation Brands (STZ) give insight into how the company performed in the quarter ended August 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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.
Constellation Brands's stock fell Thursday, after the parent of Modelo and Corona beer brands beat adjusted profit expectations, but only after excluding a large non-cash loss booked for writing down the value of its wine and spirits business.
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.
The alcoholic-beverage company beats earnings estimates but falls short on sales expectations.
Constellation Brands, Inc. STZ will release earnings results for its second quarter, before the opening bell on Thursday, Oct. 3.
@LikeFolio's Andy Swan says Constellation Brands (STZ) reported 57 consecutive quarters of growth in its beer business. So, what's the issue?
Beyond analysts' top -and-bottom-line estimates for Constellation Brands (STZ), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended August 2024.
Soft demand trends and category headwinds in the wine & spirits business are expected to affect Constellation Brands in Q2, offset by a resilient beer segment.
Constellation Brands (STZ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.