Constellation Brands, Inc. (NYSE:STZ ) Q2 2025 Earnings Conference Call October 3, 2024 10:30 AM ET Company Participants Joseph Suarez - SVP, IR Bill Newlands - CEO Garth Hankinson - CFO Conference Call Participants Kaumil Gajrawala - Jefferies Dara Mohsenian - Morgan Stanley Bonnie Herzog - Goldman Sachs Nik Modi - RBC Capital Markets Andrea Teixeira - JPMorgan Peter Grom - UBS Michael Lavery - Piper Sandler Filippo Falorni - Citi Robert Moskow - TD Cowen Bill Kirk - ROTH Capital Partners Operator Hello, and welcome to the Constellation Brands' Q2 Fiscal Year 2025 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.
Constellation Brands (STZ), the maker of Corona and Modelo beers, posted mixed second-quarter results as wine and spirits sales sank.
Constellation Brands' Q2 results reflect gains from strong shipment and depletion volumes in the beer business, offset by a soft wine & spirits segment.
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?