Constellation Brands Inc - Ordinary Shares - Class A

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Other Pre-Announcement

Constellation Brands Updates Fiscal 2023 Reported Basis EPS Outlook To $10.50 - $10.80

Published: 06/30/2022 11:46 GMT
Constellation Brands Inc - Ordinary Shares - Class A (STZ) - Updates Fiscal 2023 Reported Basis EPS Outlook to $10.50 - $10.80.
Reported Qtrly Basis EPS of $2.06 and Comparable Basis EPS of $2.66, Including Canopy Equity Losses of $0.24.
Excluding Canopy Equity Losses, Achieves Comparable Qtrly Basis EPS of $2.90.
Affirms Fiscal 2023 Comparable Basis EPS Outlook of $11.20 - $11.50.
Constellation Brands - Affirms Fiscal 2023 Operating Cash Flow Target of $2.6 - $2.8 Billion and Free Cash Flow Projection of $1.3 - $1.4 Billion.
Qtrly Net Sales $2.36 Billion, Up 17%.
Q1 Earnings per Share View $2.52, Revenue View $2.16 Billion -- Refinitiv Ibes Data (analyst estimates).
FY2023 Earnings per Share View $11.06 -- Refinitiv Ibes Data (analyst estimates).
Sees Fiscal 2023 Capital Expenditures $1.3 - $1.4 Billion.