Constellation Brands Inc - Ordinary Shares - Class A

NYSE:STZ   3:59:58 PM EDT
217.72
-1.68 (-0.77%)
4:00:00 PM EDT: $217.62 -0.10 (-0.04%)
Positive Earnings Pre-Announcement

Constellation Brands Reports Second Quarter Fiscal 2022 Results

Published: 10/06/2021 11:44 GMT
Constellation Brands Inc - Ordinary Shares - Class A (STZ) - Constellation Brands - Updates Fiscal 2022 Reported Basis Eps Outlook To $0.30 - $0.60; Increases Comparable Basis Eps Outlook To $10.15 - $10.45.
Qtrly Reported Net Sales $2,371 Million, Up 5%.
Constellation Brands - Affirms Fiscal 2022 Operating Cash Flow Target Of $2.4 - $2.6 Billion And Free Cash Flow Projection Of $1.4 - $1.5 Billion.
Beer Business Now Expects 9 - 11% Net Sales Growth And 4 - 6% Operating Income Growth For Fiscal 2022.
Qtrly Reported Basis Eps Of $0.01 And Comparable Basis EPS Of $2.38.
Q2 Revenue View $2.30 Billion -- Refinitiv Ibes Data (analyst estimates).
Sees 2022 Wine and Spirits ; Organic Net Sales Growth 2% - 4%.
Constellation - Wine & Spirits Business Continues To Expect Fiscal 2022 Reported Net Sales & Operating Income Decline Of 22 - 24% & 23 - 25%, Respectively.
Q2 Earnings per Share View $2.77 -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $2.28 Billion
Adjusted EPS is expected to be $2.87

Next Quarter Revenue Guidance is expected to be $2.02 Billion
Next Quarter EPS Guidance is expected to be $2.36

More details on our Analysts Page.