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Constellation Brands (NYSE: STZ) has announced its first quarter fiscal 2025 financial results.
The company reported a 15% year-over-year increase in net sales, reaching $2.3 billion.
Earnings per share (EPS) rose to $3.32, up from $2.94 in the previous year, surpassing analyst expectations of $3.20.
The company highlighted strong growth in its beer segment, driven by popular brands like Corona and Modelo, contributing significantly to the overall revenue increase.
However, the wine and spirits segment experienced a 5% decline in revenue, attributed to changing consumer preferences and increased competition.
Operating income increased by 12%, reaching $720 million, while operating expenses rose by 10% due to higher marketing and distribution costs.
The company reaffirmed its full-year fiscal 2025 guidance, projecting net sales growth of between 7% and 9% and EPS of $12.70 to $13.00.
Constellation Brands (NYSE: STZ) announced it will report its first quarter fiscal 2025 financial results on July 3, 2024, before U.S. market open. A conference call to discuss the results will be hosted by CEO Bill Newlands and CFO Garth Hankinson at 10:30 a.m. EDT. The call can be accessed by dialing +1-877-407-9121 with ID 13746981, or via a live webcast on the company's investor relations website.
Financial information and reconciliations of GAAP and non-GAAP measures discussed during the call will be available on the same site. A replay will also be available for those unable to participate.
Constellation Brands (NYSE: STZ) announces an updated presentation time for Bill Newlands, CEO, and Garth Hankinson, CFO, at the Bernstein 40th Annual Strategic Decisions Conference on May 29, 2024, in New York, NY. The presentation will start at 4:30 p.m. EDT and will cover strategic business initiatives, financial metrics, operating performance, and future outlook. A live webcast will be available on the company's investor relations website, with a replay accessible until November 29, 2024.
Constellation Brands (NYSE: STZ) announced that its CEO, Bill Newlands, and CFO, Garth Hankinson, will present at the Bernstein 40th Annual Strategic Decisions Conference on May 29, 2024. The session is scheduled for 2:30 p.m. EDT in New York, NY, and will cover the company's strategic initiatives, financial metrics, operating performance, and future outlook. A live webcast will be available on the company’s investor relations website, along with financial information and reconciliations of GAAP and non-GAAP measures. A replay will be accessible until November 29, 2024.
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