Constellation Brands Inc - Ordinary Shares - Class A

NYSE:STZ   10:12:09 AM EDT
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Constellation Brands Reports Third Quarter Fiscal 2022 Results

Published: 01/06/2022 13:03 GMT
Constellation Brands Inc - Ordinary Shares - Class A (STZ) - Constellation Brands Reports Third Quarter Fiscal 2022 Results.
Qtrly Reported Basis EPS of $2.48.
Plans Incremental Capacity Investments In Mexico to Support Continued Strong Growth of Core Beer Portfolio.
Qtrly Comparable Basis EPS of $3.12, Including Canopy Equity Losses of $0.31.
Affirms Fiscal 2022 Operating Cash Flow Target of $2.4 - $2.6 Billion and Free Cash Flow Projection of $1.4 - $1.5 Billion.
Qtrly Comparable Basis EPS of $3.42, Excluding Canopy Equity Losses.
Now Sees Fiscal 2022 Reported Basis Loss per Share $0.25 - $0.10.
Now Sees 2022 Comparable Basis Eps Of $10.50 - $10.65.
Qtrly Net Sales $2.32 Billion Versus $2.44 Billion.
Sees FY 2022 Beer Business Net Sales Growth 10 -11%.
Total Capital Expenditures For Beer Business Expected to Be $5.0 Billion to $5.5 Billion Over Fiscal 2023 to Fiscal 2026.
Sees FY 2022 Wine and Spirits Business Net Sales Decline 21-22%.
Q3 Earnings per Share View $2.76, Revenue View $2.28 Billion -- Refinitiv Ibes Data (analyst estimates).
FY2022 Earnings per Share View $9.88 -- Refinitiv Ibes Data (analyst estimates).