STZ
$257.49
Constellation Brands
$.80
.31%
Earnings Details
2nd Quarter August 2022
Thursday, October 6, 2022 7:30:00 AM
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Summary

Constellation Brands Beats

Constellation Brands (STZ) reported 2nd Quarter August 2022 earnings of $3.17 per share on revenue of $2.9 billion. The consensus earnings estimate was $2.88 per share on revenue of $2.5 billion. The Earnings Whisper number was $2.89 per share. Revenue grew 11.7% on a year-over-year basis.

The company said it expects fiscal 2023 earnings of $11.20 to $11.60 per share. The company's previous guidance was earnings of $11.20 to $11.50 per share and the current consensus earnings estimate is $11.14 per share for the year ending February 28, 2023.

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
$3.17
Earnings Whisper
$2.89
Consensus Estimate
$2.88
Reported Revenue
$2.86 Bil
Revenue Estimate
$2.49 Bil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

Constellation Brands Reports Second Quarter Fiscal 2023 Financial Results

VICTOR, N.Y., Oct. 06, 2022 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, reported today its second quarter fiscal 2023 financial 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 Thursday, October 6, 2022 at 10:30 a.m. EDT. Visit ir.cbrands.com 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, our fine wine and craft spirits brands, including The Prisoner Wine Company, Robert Mondavi Winery, Casa Noble Tequila, and High West Whiskey, and our premium wine brands such as Meiomi, and Kim Crawford.

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, visit www.cbrands.com and follow us on Twitter, Instagram, and LinkedIn.

A PDF containing our Second Quarter Fiscal 2023 Results and full financial tables is available at: http://ml.globenewswire.com/Resource/Download/ad82658b-4176-44c5-bf05-31c53b66a749

MEDIA CONTACTSINVESTOR RELATIONS CONTACT
Mike McGrew 773-251-4934 / michael.mcgrew@cbrands.com
Amy Martin 585-678-7141 / amy.martin@cbrands.com
Joseph Suarez 773-551-4397 / joseph.suarez@cbrands.com
David Paccapaniccia 585-282-7227 / david.paccapaniccia@cbrands.com

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Source: Constellation Brands, Inc.