STZ
$224.34
Constellation Brands
($.23)
(.10%)
Earnings Details
1st Quarter May 2021
Wednesday, June 30, 2021 7:30:00 AM
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Summary

Constellation Brands Misses

Constellation Brands (STZ) reported 1st Quarter May 2021 earnings of $2.33 per share on revenue of $2.2 billion. The consensus earnings estimate was $2.35 per share on revenue of $2.1 billion. The Earnings Whisper number was $2.54 per share. Revenue grew 2.7% on a year-over-year basis.

The company said it now expects fiscal 2022 earnings of $10.00 to $10.30 per share. The company's previous guidance was earnings of $9.95 to $10.25 per share and the current consensus earnings estimate is $10.04 per share for the year ending February 28, 2022.

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
$2.33
Earnings Whisper
$2.54
Consensus Estimate
$2.35
Reported Revenue
$2.19 Bil
Revenue Estimate
$2.05 Bil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

Constellation Brands Reports First Quarter Fiscal 2022 Results

VICTOR, N.Y., June 30, 2021 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, reported today its first quarter fiscal 2022 results. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer Bill Newlands and Chief Financial Officer Garth Hankinson on Wednesday, June 30, 2021, at 11:30 a.m. (EDT).

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

At Constellation Brands (NYSE: STZ and STZ.B), our mission is to build brands that people love because we believe sharing a toast, unwinding after a day, celebrating milestones, and helping people connect, are Worth Reaching For. It’s worth our dedication, hard work, and the bold calculated risks we take to deliver more for our consumers, trade partners, shareholders, and communities in which we live and work. It’s what has made us one of the fastest-growing large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what’s next.

Today, we are a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Every day, people reach for our high-end, iconic imported beer brands such as Corona Extra, Corona Light, Corona Premier, Modelo Especial, Modelo Negra, and Pacifico, and our high-quality premium wine and spirits brands, including the Robert Mondavi Brand Family, Kim Crawford, Meiomi, The Prisoner Brand Family, SVEDKA Vodka, Casa Noble Tequila, and High West Whiskey.

But we won’t stop here. Our visionary leadership team and passionate employees from barrel room to boardroom are reaching for the next level, to explore the boundaries of the beverage alcohol industry and beyond. Join us in discovering what’s Worth Reaching For.

To learn more, follow us on Twitter @cbrands and visit www.cbrands.com.



MEDIA CONTACTS


INVESTOR RELATIONS CONTACTS
Mike McGrew 773-251-4934 / michael.mcgrew@cbrands.com
Amy Martin 585-678-7141 / amy.martin@cbrands.com
Patty Yahn-Urlaub 585-678-7483 / patty.yahn-urlaub@cbrands.com
Marisa Pepelea 312-741-2316 / marisa.pepelea@cbrands.com

A PDF containing our First Quarter Fiscal Year 2022 Results and full financial tables is available at: http://ml.globenewswire.com/Resource/Download/fbfd501f-76ca-4f23-8679-6e117020105e


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Source: Constellation Brands, Inc.