Constellation Q2 comparable EPS $3.80 (+14%); raises FY2024 guidance to high end

CONSTELLATION BRANDS, INC.

Comparable net sales $2.84B (+7%); beer segment drives double-digit sales and op income growth.
Comparable operating income $968M (+10%); EPS excluding Canopy EIE $3.80.
Modelo Especial extends #1 dollar-sales position in U.S. beer tracked channels.
Raises fiscal 2024 EPS guidance to higher-end of initial ranges.
Declares quarterly dividend of $0.89/Class A and $0.80/Class 1 convertible, payable Nov 17.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.8

CONSTELLATION BRANDS, INC. updated its the second fiscal quarter ended August 31, 2023 guidance (raised).

Period: the second fiscal quarter ended August 31, 2023
Guidance: raised
Result: reported results

Exact text from the filing

On October 5, 2023, Constellation Brands, Inc. (“Constellation” or the “Company”), a Delaware corporation, issued a news release (the “release”) announcing its financial condition and results of operations as of and for the second fiscal quarter ended August 31, 2023.

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CONSTELLATION BRANDS, INC. filing history →

Source: SEC EDGAR

accession 0000016918-23-000189

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