Constellation Brands Reports Third Quarter Fiscal 2024 Financial Results

Rhea-AI Summary

Constellation Brands, Inc. (NYSE: STZ) reported its third quarter fiscal 2024 financial results. The conference call to discuss the results and outlook will be hosted by President and CEO, Bill Newlands, and CFO, Garth Hankinson, on January 5, 2024, at 10:30 a.m. EDT. Visit ir.cbrands.com for more information.

Financial Analyst

The disclosed third quarter fiscal 2024 financial results by Constellation Brands, Inc. are of significant interest to shareholders, potential investors and market analysts. These results provide a snapshot of the company's financial health and performance, which directly affects its stock valuation. The revenue, net income and earnings per share (EPS) are particularly critical metrics that reflect the company's profitability and operational efficiency.

From an investor's perspective, these financial outcomes can influence investment decisions and portfolio management. For instance, better-than-expected earnings can lead to a positive uptick in stock prices, while disappointing results might trigger a sell-off. It's also essential to assess the company's financial results against industry benchmarks and historical performance to gauge its competitive standing and growth trajectory.

Moreover, the management's outlook and guidance provided during the conference call will shed light on future strategies, potential headwinds and growth opportunities. Such forward-looking statements are crucial as they can impact investor sentiment and market expectations.

Market Research Analyst

Constellation Brands' position within the beverage alcohol industry is influenced by various market dynamics, including consumer trends, regulatory changes and competitive landscape shifts. Analyzing the company's quarterly financial results offers insights into how effectively it is navigating these factors.

For example, the adoption of new product lines, expansion into emerging markets, or the implementation of cost-saving measures can be inferred from the financial statements. These strategic moves are vital for maintaining or improving market share. Additionally, the performance of Constellation Brands can serve as an indicator of the overall health of the luxury beverage segment, which might have broader implications for the sector.

Understanding the company's market strategy, especially in the context of current economic conditions, can help stakeholders anticipate future market performance and make informed decisions regarding industry investments.

VICTOR, N.Y., Jan. 05, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, reported today its third quarter fiscal 2024 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 Friday, January 5, 2024 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
Constellation Brands (NYSE: STZ) is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It’s worth our dedication, hard work, and calculated risks to anticipate market trends and deliver more for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what’s next.

Every day, people reach for our high-end, iconic imported beer brands such as those in the Corona brand family like the flagship Corona Extra, Modelo Especial and the flavorful lineup of Modelo Cheladas, Pacifico, and Victoria; 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 Kim Crawford and Meiomi.

As an agriculture-based company, we have a long history of operating sustainably and responsibly. Our ESG strategy is embedded into our business and our work focuses on serving as good stewards of the environment, enhancing social equity within our industry and communities, and promoting responsible beverage alcohol consumption. These commitments ground our aspirations beyond driving the bottom line as we work to create a future that is truly Worth Reaching For.

To learn more, visit www.cbrands.com and follow us on X, Instagram, and LinkedIn.

MEDIA CONTACTS	INVESTOR RELATIONS CONTACTS
Amy Martin 585-678-7141 / amy.martin@cbrands.com Carissa Guzski 315-525-7362 / carissa.guzski@cbrands.com	Joseph Suarez 773-551-4397 / joseph.suarez@cbrands.com Snehal Shah 847-385-4940 / snehal.shah@cbrands.com David Paccapaniccia 585-282-7227 / david.paccapaniccia@cbrands.com

A PDF containing our Third Quarter Fiscal 2024 Results and full financial tables is available at:
http://ml.globenewswire.com/Resource/Download/67a14756-a92d-4100-9f05-112cb52e6052

When did Constellation Brands report its third quarter fiscal 2024 financial results?

Constellation Brands reported its third quarter fiscal 2024 financial results on January 5, 2024.

Who will host the conference call to discuss the financial results and outlook?

The conference call will be hosted by President and CEO, Bill Newlands, and CFO, Garth Hankinson.

Where can I find information for joining the conference call or a live, listen-only webcast of the conference call?

You can find information for joining the conference call or a live, listen-only webcast at ir.cbrands.com.