Constellation Brands Inc - Ordinary Shares - Class A

NYSE:STZ   3:59:56 PM EDT
224.85
+0.27 (+0.12%)
4:00:00 PM EDT: $224.79 -0.06 (-0.03%)
Share Repurchases, Positive Earnings Pre-Announcement

Constellation Brands Reports Q1 Results

Published: 06/30/2021 11:53 GMT
Constellation Brands Inc - Ordinary Shares - Class A (STZ) - Resumed Share Repurchase Activity and Increases Fiscal 2022 EPS Guidance.
Qtrly Net Sales $2,026.5 Million Versus $1,963.4 Million.
Sees FY 2022 Reported EPS $2.70 to $3.00.
Constellation Brands - Qtrly Reported Diluted Net Loss per Share Attributable to Cbi $4.74.
Sees FY Free Cash Flow: $1.4-$1.5 Billion.
Increases Fiscal 2022 Comparable Basis Eps Outlook To $10.00 - $10.30.
Constellation Brands - Qtrly Comparable EPS Attributable to Cbi $2.33.
Constellation Brands - Qtrly Comparable Diluted EPS Excluding Canopy $2.51.
Affirms Fiscal 2022 Operating Cash Flow Target Of $2.4 - $2.6 Billion.
Q1 Revenue View $2.02 Billion -- Refinitiv Ibes Data (analyst estimates).
Sees Fiscal 2022 Beer Business Net Sales Growth 7 - 9%.
Constellation Brands - Plans About $500 Million Of Incremental Share Repurchases in Second Quarter.
Sees Fiscal 2022 Wine And Spirits Net Sales Decline 22 - 24%.
Constellation Brands - Increased Fiscal 2022 Guidance Includes About $1 Billion of Share Repurchases.
Constellation Brands - Still Committed to About $2.5 Billion of Share Repurchases Through Fiscal 2023.
Q1 Earnings per Share View $2.33 -- Refinitiv Ibes Data (analyst estimates).
FY2022 Earnings per Share View $10.02 -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $2.31 Billion
Adjusted EPS is expected to be $2.79

Next Quarter Revenue Guidance is expected to be $2.24 Billion
Next Quarter EPS Guidance is expected to be $2.77

More details on our Analysts Page.