Constellation Q3 FY2023: net sales +5% to $2.44B; beer outlook raised; dividend declared

CONSTELLATION BRANDS, INC.

Comparable diluted EPS ex-Canopy $3.01 (-12% YoY); reported EPS $2.52 (+2% YoY).
Beer business net sales and operating income growth outlook raised for fiscal 2023.
Quarterly dividend of $0.80/Class A and $0.72/Class 1 shares payable Feb 22, 2023.
Comparable operating income $770M (-7% YoY); reported operating income $747M (-11% YoY).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CONSTELLATION BRANDS, INC. reported the third fiscal quarter ended November 30, 2022 results: revenue $2,437, net income $468, EPS $2.52. Guidance raised.

Period: the third fiscal quarter ended November 30, 2022
Revenue: $2,437
Net income: $468
EPS: $2.52
Guidance: raised
Result: reported results

Exact text from the filing

Constellation Delivers Strong Business Performance in Q3 Fiscal 2023 Beer Business Continues to Generate Industry-Leading Growth Beer Business Fiscal 2023 Net Sales and Operating Income Growth Outlook Raised Net Sales Operating Income Net Income (Loss) Attributable to CBI Earnings Before Interest & Taxes (EBIT) Diluted Net Income (Loss) Per Share Attributable to CBI (EPS) Diluted EPS Excluding Canopy Third Quarter Fiscal Year 2023 Financial Highlights (1) | In millions, except per share data Reported $2,437 $747 $468 NA $2.52 NA

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Source: SEC EDGAR

accession 0000016918-23-000004

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