STZ
$164.15
Constellation Brands
$3.79
2.36%
Earnings Details
3rd Quarter November 2018
Wednesday, January 9, 2019 7:30:00 AM
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Summary

Constellation Brands Beats but Guides Lower

Constellation Brands (STZ) reported 3rd Quarter November 2018 earnings of $2.37 per share on revenue of $2.2 billion. The consensus earnings estimate was $2.04 per share on revenue of $1.9 billion. The Earnings Whisper number was $2.08 per share. Revenue grew 9.2% on a year-over-year basis.

The company said it now expects fiscal 2019 earnings of $9.20 to $9.30 per share. The company's previous guidance was earnings of $9.60 to $9.75 per share and the current consensus earnings estimate is $9.39 per share for the year ending February 28, 2019.

Constellation Brands Inc is an international beverage alcohol company with many of its products recognized as leaders in their respective categories and geographic markets. It is a multi-category supplier (beer, wine & spirits) of beverage alcohol in US.

Results
Reported Earnings
$2.37
Earnings Whisper
$2.08
Consensus Estimate
$2.04
Reported Revenue
$2.16 Bil
Revenue Estimate
$1.91 Bil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

Constellation Brands Reports Third Quarter Fiscal 2019 Results

VICTOR, N.Y., Jan. 09, 2019 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, reported today its third quarter fiscal 2019 results. A conference call to discuss the financial results and outlook will be hosted by Chief Executive Officer Rob Sands, President and Chief Operating Officer Bill Newlands and Chief Financial Officer David Klein on Wednesday, January 9, 2019 at 10:30 a.m. (eastern). Visit cbrands.com/investors/events to locate information for joining the conference call, or a live, listen-only webcast of the conference call.

About Constellation Brands
Constellation Brands (NYSE: STZ and STZ.B), a Fortune 500® company, is a leading international producer and marketer of beer, wine and spirits with operations in the U.S., Mexico, New Zealand, Italy and Canada. Constellation is the No. 3 beer company in the U.S. with high-end, iconic imported brands such as Corona Extra, Corona Light, Modelo Especial, Modelo Negra and Pacifico. The company’s beer portfolio also includes Ballast Point, one of the most awarded craft brewers in the U.S., and Funky Buddha Brewery. In addition, Constellation is the world leader in premium wine, selling great brands that people love, including Robert Mondavi, Clos du Bois, Kim Crawford, Meiomi, Mark West, Black Box, Ruffino and The Prisoner. The company’s premium spirits brands include SVEDKA Vodka, Casa Noble Tequila and High West Whiskey.

Based in Victor, N.Y., the company believes that industry leadership involves a commitment to brand building, our trade partners, the environment, our investors and to consumers around the world who choose our products when celebrating big moments or enjoying quiet ones. Founded in 1945, Constellation has grown to become a significant player in the beverage alcohol industry with more than 100 brands in its portfolio; about 40 wineries, breweries and distilleries; and approximately 10,000 talented employees. We express our company vision: to elevate life with every glass raised. To learn more, follow us on Twitter @cbrands and visit www.cbrands.com.

MEDIA CONTACTSINVESTOR RELATIONS CONTACTS
Mike McGrew 773-251-4934  |  Amy Martin 585-678-7141Patty Yahn-Urlaub 585-678-7483  |  Bob Czudak 585-678-7170
 Tom Conaway 585-678-7503
  

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Source: Constellation Brands, Inc.