STZ - Constellation Brands' Stock Rises as Beer Segment Drives Q1 Profit Boom | Benzinga
Constellation Brands Inc. (NYSE:STZ) shares are rising after the company posted better-than-expected first-quarter FY25 adjusted EPS.
The company reported first-quarter sales growth of 6% year-on-year to $2.66 billion, missing the analyst consensus estimate of $2.67 billion.
Net sales for the Beer segment increased 8% Y/Y to $2.272 billion, and Wine and Spirits declined 7% Y/Y to $389 million. Shipment volume for Beer climbed 7.6%, while Wine and Spirits declined 5.1%.
Gross profit increased 12% to $1.4 billion, and the operating income jumped ...