Constellation Brands Q1 FY2024: Comparable EPS $2.91 (+9% YoY); beer business drives 6% net sales growth

CONSTELLATION BRANDS, INC.

Comparable Q1 net sales $2,515M, up 6% YoY; comparable operating income $827M, +4%.
Comparable diluted EPS $2.91, up 9%; EPS excluding Canopy EIE $3.04, +5%.
Beer business led by Modelo Especial gaining share in U.S. tracked channels.
Reported net income $136M, down 65% due to Canopy equity earnings impact.
Quarterly dividend declared: $0.89/Class A share, $0.80/Class 1 Convertible, payable Aug 24, record Aug 10.

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 first fiscal quarter ended May 31, 2023 results: revenue $2,515, net income $136, EPS $0.74.

Period: the first fiscal quarter ended May 31, 2023
Revenue: $2,515
Net income: $136
EPS: $0.74
Result: reported results

Exact text from the filing

First Quarter Fiscal Year 2024 Financial Highlights (1) | In millions, except per share data Reported $2,515 $765 $136 $349 $0.74 NA

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Source: SEC EDGAR

accession 0000016918-23-000101

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