On October 3, 2024, Constellation Brands Inc (STZ, Financial) released its 8-K filing for the second quarter of fiscal year 2025. The company, a leading provider of alcoholic beverages in the U.S., reported a mixed financial performance, with earnings per share (EPS) falling short of analyst estimates but revenue surpassing expectations. Company Overview Constellation Brands Inc (STZ, Financial) is the largest provider of alcoholic beverages across the beer, wine, and spirits categories in the U.S., generat ...

ROCHESTER, N.Y., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, reported today its second quarter fiscal 2025 financial results. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Chief Financial Officer, Garth Hankinson, on Thursday, October 3, 2024 at 10:30 a.m. EDT. Visit ir.cbrands.com to locate information for joining the conference call, or a live, list ...

Constellation Brands, Inc. STZ will release earnings results for its second quarter, before the opening bell on Thursday, Oct. 3. Analysts expect the Victor, New York-based company to report quarterly earnings at $4.08 per share, up from $3.70 per share in the year-ago period. Constellation projects to report revenue of $2.9 billion for the quarter, according to data from Benzinga Pro. On Sept. 3, Constellation Brands revised its FY25 comparable EPS forecast to $13.60 – $13.80, compared to the previous fore ...

Wall Street analysts expect Constellation Brands (STZ) to post quarterly earnings of $4.11 per share in its upcoming report, which indicates a year-over-year increase of 11.1%. Revenues are expected to be $2.95 billion, up 4% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Prior to a compan ...

Constellation Brands, Inc. (STZ) is scheduled to release second-quarter fiscal 2025 results on Oct. 3, 2024. The alcoholic beverage bigwig is expected to have recorded top-and-bottom-line growth in the to-be-reported quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The Zacks Consensus Estimate for the company's fiscal second-quarter earnings is pegged at $4.11 per share, indicating 11.1% growth from the year-ago quarter's reported figure. The consensus mark has moved down b ...

Constellation Brands Inc. (STZ) has lowered its financial outlook for fiscal 2025, citing continued soft trends in its Wine and Spirits business. The company noted that weakness persisted in the U.S. wholesale wine and spirits market, leading to declines in the overall wine market and its mainstream and premium wine brands. The company attributed the weakness in consumer demand to ongoing macroeconomic headwinds, particularly rising unemployment. As a result of this weakness, STZ expects to record non-cash ...

Key Takeaways Constellation Brands, whose beverages include Modelo and Corona beers, raised the low end of its fiscal 2025 earnings per share outlook on Tuesday. The company expects to recognize a goodwill impairment loss of $1.5 billion to $2.5 billion in its wine and spirits division for this quarter. Constellation will report fiscal second-quarter earnings before the market opens on Oct. 3. Constellation Brands (STZ) raised the lower end of its outlook for fiscal 2025 adjusted earnings Tuesday, ahead of ...

Booze giant Constellation Brands on Tuesday warned it could be forced to write down the value of its assets by as much as $2.5 billion this year because of weak wine demand as consumers pull back on non-essentials amid sticky inflation. The Rochester, NY-based company – which owns brands including Corona, Modelo, Robert Mondavi and Casa Noble – said the noncash goodwill impairment loss of between $1.5 billion and $2.5 billion would hurt its second quarter results. Constellation nearly halved its earnings ou ...

Constellation Brands, Inc. (NYSE:STZ) Barclays 17th Annual Global Consumer Staples Conference September 3, 2024 11:15 AM ET Company Participants Bill Newlands - President and Chief Executive Officer Garth Hankinson - Executive Vice President and Chief Financial Officer Conference Call Participants Lauren Lieberman - Barclays Lauren Lieberman Thank you for being here and welcome to the 33rd Annual Barclays Global Consumer Staples Conference. As always, it's awesome to see so many familiar faces once again, a ...

Summary of Constellation Brands, Inc. Conference Call Company Overview - **Company**: Constellation Brands, Inc. (NYSE: STZ) - **Participants**: Bill Newlands (President and CEO), Garth Hankinson (Executive Vice President and CFO) Key Industry Insights - **Industry**: Beverage Alcohol - **Market Trends**: The beverage alcohol market is experiencing volatility, with total beverage alcohol growth being slower in key markets such as California, Texas, Florida, New York, and Illinois, which represent about half of Constellation's business. These markets are showing low-single-digit growth due to various factors, including economic conditions affecting the Hispanic community, which constitutes over half of the company's total volume [8][9][10]. Financial Performance and Guidance - **Fiscal Year 2025 Guidance**: The company lowered its top-line guidance but maintained expectations for double-digit EPS growth due to effective cost-saving measures. The updated guidance reflects a cautious outlook based on current market conditions [7][10][14]. - **Cost Savings Initiatives**: Constellation has achieved $260 million in cost savings in the first quarter, with a target of $300 million by fiscal year 2028. The savings have come from logistics improvements and contract renegotiations, allowing for increased marketing investments [39][41][42]. Market Share and Brand Performance - **Market Share Gains**: Constellation has gained 1.3 share points in the beer business, outperforming the Consumer Packaged Goods (CPG) sector by 4.5 points. The company is focused on maintaining its share gains despite market challenges [10][14]. - **Brand Performance**: - **Modelo**: Continues to grow, with significant market share in California and Nevada. The brand's household penetration is still below that of competitors, indicating further growth potential [30][31][32]. - **Pacifico**: Recently surpassed the 20 million case milestone, showing strong growth in various states, including New Jersey and Texas [34][36]. - **Corona**: Experienced depletion declines but is expected to maintain low-single-digit growth due to strong brand family performance [37][38]. Strategic Initiatives - **Corporate Governance**: The collaboration with Elliott has led to significant governance improvements, including the addition of financial experts to the board and the appointment of an independent chair [17][18]. - **Long-term Strategy**: The company aims for high-single-digit top-line growth (7% to 9%) driven by distribution expansion, innovation, and demographic trends, particularly among the Hispanic consumer base [23][24][25]. Challenges and Risks - **Wine and Spirits Segment**: The macro environment for wine has been challenging, with expectations for low-single-digit growth in the medium term. The company is focusing on a higher-end portfolio and cost-saving measures to navigate this segment [50][51]. - **Tariff Concerns**: Potential tariff impacts are being monitored, but historical performance during previous administrations suggests resilience in the face of such challenges [48][49]. Capital Allocation - **Share Buyback Program**: Constellation has $2.6 billion remaining in its share buyback program and is committed to a leverage target of 3 times this fiscal year. Future capital allocation may include more programmatic share buybacks as free cash flow generation improves [61][62]. Conclusion - Constellation Brands is navigating a complex market landscape with a focus on maintaining market share, executing cost-saving initiatives, and adapting its brand strategies to meet evolving consumer preferences. The company remains optimistic about its long-term growth potential despite current challenges in the beverage alcohol sector.