STZ - These Analysts Revise Their Forecasts On Constellation Brands After Q1 Results | Benzinga
Constellation Brands Inc. (NYSE:STZ) posted better-than-expected first-quarter FY25 adjusted earnings on Wednesday.
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. Comparable EPS of $3.57 beat the consensus estimate of $3.46, according to data from Benzinga Pro.
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%.
"This outstanding performance supported the second largest dollar share gain within the broader ...