Constellation Brands Inc - Ordinary Shares - Class A

NYSE:STZ   2:32:19 PM EDT
175.00
-4.46 (-2.48%)
Other Pre-Announcement

Constellation Brands Reports Second Quarter Fiscal 2021 Results

Published: 10/01/2020 11:49 GMT
Constellation Brands Inc (STZ) - Constellation Brands Reports Second Quarter Fiscal 2021 Results.
Qtrly Reported Net Sales $2.26 Billion Versus $2.34 Billion Reported Last Year.
Qtrly Comparable Basis EPS of $2.76, Including Canopy Growth Equity Losses of $0.15.
Excluding Canopy Growth Equity Losses, Achieved Qtrly Comparable Basis EPS of $2.91.
Fiscal 2021 Guidance is Unavailable at This Time.
Constellation Brands - Co's Share of Canopy Growth’s Equity Earnings and Related Activities for Q2 of Totaled a Loss Of $31.0 Million on a Reported Basis.
Constellation Brands - Co's Share of Canopy Growth’s Equity Earnings and Related Activities for Q2 Totaled Loss of $34.1 Million on a Comparable Basis.
Constellation - Due to Further Revised Wine & Spirits Deals, Stranded Cost Reduction Plan of $130 Million to Be Realized Within 2 Yrs of Divestiture Activity Close.
Q2 Earnings per Share View $2.51, Revenue View $2.19 Billion -- Refinitiv Ibes Data (analyst estimates).