Constellation Brands Beats but Guides Lower
Constellation Brands (STZ) reported 4th Quarter February 2019 earnings of $1.84 per share on revenue of $2.0 billion. The consensus earnings estimate was $1.71 per share on revenue of $1.7 billion. The Earnings Whisper number was $1.77 per share. Revenue grew 1.7% on a year-over-year basis.
The company said it expects fiscal 2020 earnings of $8.50 to $8.80 per share. The current consensus earnings estimate is $9.30 per share for the year ending February 29, 2020.
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.
Constellation Brands Reports Fiscal Year and Fourth Quarter 2019 Results and Fiscal Year 2020 Outlook
VICTOR, N.Y., April 04, 2019 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, reported today its fiscal year and fourth quarter 2019 results. A conference call to discuss the financial results and fiscal year 2020 outlook will be hosted by President and Chief Executive Officer Bill Newlands and Chief Financial Officer David Klein on Thursday, April 4, 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 the Corona and Modelo brand families and Pacifico. Its high-quality, premium wine and spirits brands include the Robert Mondavi and The Prisoner Wine Company brand families, Kim Crawford, Ruffino, Meiomi and SVEDKA Vodka. The company’s portfolio also includes a collection of highly-rated, high-end brands such as SIMI and Mount Veeder Winery wine brands, High West Whiskey and Casa Noble Tequila, as well as new premium wine innovations such as Cooper & Thief and Spoken Barrel.
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. Since its founding in 1945, Constellation’s ability to see, meet and stay ahead of shifting consumer preferences and trends across total beverage alcohol has fueled our success and made us the No. 1 growth contributor in beverage alcohol in the U.S.
To learn more, follow us on Twitter @cbrands and visit www.cbrands.com.
A downloadable PDF copy of this news release enhanced with multimedia links can be found here: http://ml.globenewswire.com/Resource/Download/4e9a1875-107f-4db6-9829-9ee5327bf73d
Source: Constellation Brands, Inc.