STZ
$221.88
Constellation Brands
$1.43
.65%
Earnings Details
2nd Quarter August 2017
Thursday, October 05, 2017 7:30:22 AM
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Summary

Constellation Brands Beats

Constellation Brands (STZ) reported 2nd Quarter August 2017 earnings of $2.47 per share on revenue of $2.3 billion. The consensus earnings estimate was $2.16 per share on revenue of $2.1 billion. The Earnings Whisper number was $2.21 per share. Revenue grew 3.3% on a year-over-year basis.

The company said it expects fiscal 2018 earnings of $8.25 to $8.40 per share. The company's previous guidance was earnings of $7.90 to $8.10 per share and the current consensus earnings estimate is $8.16 per share for the year ending February 28, 2018.

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
$2.47
Earnings Whisper
$2.21
Consensus Estimate
$2.16
Reported Revenue
$2.30 Bil
Revenue Estimate
$2.06 Bil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

Constellation Brands Reports Second Quarter Fiscal 2018 Results

VICTOR, N.Y., Oct. 05, 2017 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (STZ) (STZ.B), a leading beverage alcohol company, reported today its second quarter fiscal 2018 results. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer Rob Sands and Chief Financial Officer David Klein on Thursday, October 5, 2017 at 10:30 a.m. (eastern). Visit cbrands.com/investors to locate information for joining the conference call, or a live, listen-only webcast of the conference call.

A PDF accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/64496399-fbb2-44d4-b230-fcacdb93cccf

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/30a21927-8f94-4fd1-861e-024812ee1a98

This News Release features multimedia. View the full release and financial tables on the attached.

About Constellation Brands

Constellation Brands (STZ) (STZ.B), a Fortune 500(R) 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. 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, Franciscan Estate, 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 9,000 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

CONTACTS

Media

Mike McGrew: 773-251-4934

Amy Martin: 585-678-7141

Investor Relations

Patty Yahn-Urlaub: 585-678-7483

Bob Czudak: 585-678-7170

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Constellation Brands, Inc via Globenewswire