Constellation Brands Beats
Constellation Brands (STZ) reported 2nd Quarter August 2019 earnings of $2.72 per share on revenue of $2.6 billion. The consensus earnings estimate was $2.61 per share on revenue of $2.3 billion. The Earnings Whisper number was $2.69 per share. Revenue grew 1.9% on a year-over-year basis.
The company said it expects fiscal 2020 earnings of $9.00 to $9.20 per share. The company's previous guidance was earnings of $8.65 to $8.95 per share and the current consensus earnings estimate is $8.33 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 Second Quarter Fiscal 2020 Results
VICTOR, N.Y., Oct. 03, 2019 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, reported today its second quarter fiscal 2020 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 David Klein on Thursday, October 3, 2019 at 10:30 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
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 beer brands such as the Corona and Modelo brand families, and Pacifico. Its high-quality 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 wine brands such as SIMI and Mount Veeder Winery, spirits brands High West Whiskey and Casa Noble Tequila, as well as new 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 one of the top growth contributors in beverage alcohol in the U.S.
To learn more, follow us on Twitter @cbrands and visit www.cbrands.com.
A PDF containing our second quarter fiscal 2020 results (including financial tables) can be found here: http://ml.globenewswire.com/Resource/Download/92fa36ef-03c7-45b2-aefe-5aad02b35bb5
Source: Constellation Brands, Inc.