Constellation Q3 adj EPS $3.24 (+8%), raises FY2024 operating & free cash flow guidance

CONSTELLATION BRANDS, INC.

Q3 comparable net income $588M, EPS $3.19 (+13% YoY); reported EPS $2.76.
Comparable operating income $820M (+7%); net sales $2.47B (+1%).
Beer business drives results; management raises FY2024 operating income and free cash flow guidance.
Quarterly dividend $0.89 Class A, $0.80 Class 1 Convertible, payable Feb 22 to holders of record Feb 8.

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 0.85

CONSTELLATION BRANDS, INC. updated its third fiscal quarter ended November 30, 2023 guidance (raised).

Period: third fiscal quarter ended November 30, 2023
Guidance: raised
Result: reported results

Exact text from the filing

On January 5, 2024, 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 third fiscal quarter ended November 30, 2023.

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CONSTELLATION BRANDS, INC. filing history →

Source: SEC EDGAR

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