Constellation Brands reports record FY2023 net sales $9.45B; comparable EPS $10.65, up 4% YoY; dividend raised 11%

CONSTELLATION BRANDS, INC.

FY2023 comparable net sales $9,453M (+7% YoY); comparable operating income $3,037M (+3%).
FY2023 comparable diluted EPS $10.65 (+4% YoY); GAAP net loss of $71M due to Canopy impairment.
Q4 comparable EPS $1.98 (-16% YoY); Q4 comparable net sales $1,998M (-5%).
Quarterly dividend increased 11% to $0.89/share (Class A), payable May 18, 2023 to holders of record May 4, 2023.
Company exceeded goal of returning $5B to shareholders via repurchases and dividends.

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 fiscal year ended February 28, 2023 results: revenue $9,453, net income $(71), EPS $(0.11).

Period: the fiscal year ended February 28, 2023
Revenue: $9,453
Net income: $(71)
EPS: $(0.11)
Result: reported results

Exact text from the filing

Fiscal Year 2023 Financial Highlights (1) | In millions, except per share data Reported $9,453 $2,843 $(71) NA $(0.11) NA

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CONSTELLATION BRANDS, INC. reported the fourth fiscal quarter ended February 28, 2023 results: revenue $1,998, net income $223, EPS $1.21.

Period: the fourth fiscal quarter ended February 28, 2023
Revenue: $1,998
Net income: $223
EPS: $1.21
Result: reported results

Exact text from the filing

Fourth Quarter Fiscal Year 2023 Financial Highlights (1) Reported $1,998 $467 $223 NA $1.21 NA

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CONSTELLATION BRANDS, INC. filing history →

Source: SEC EDGAR

accession 0000016918-23-000026

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