STZ - These Analysts Boost Their Forecasts On Constellation Brands Following Upbeat Results | Benzinga
Constellation Brands Inc (NYSE: STZ) reported better-than-expected fourth-quarter financial results on Thursday.
Constellation Brands reported fourth-quarter FY24 sales growth of 7.1% year-on-year to $2.14 billion, beating the analyst consensus estimate of $2.10 billion. Comparable EPS, excluding Canopy EIE, was $2.30. Comparable EPS of $2.26 beat the consensus estimate of $2.09, according to data from Benzinga Pro.
"We also generated strong operating cash flow, which enabled continued execution of our capital allocation priorities including: reducing our net leverage ratio from 3.6x to 3.2x, returning over $900 million to shareholders in dividends and share repurchases, and deploying ...