Constellation Brands beats FY 2024 EPS outlook; beer business outperforms; issues FY 2025 guidance

CONSTELLATION BRANDS, INC.

FY 2024 comparable EPS excl. Canopy EIE $12.38, up 9% YoY; net sales $9.96B (+5%).
Q4 FY2024 comparable EPS excl. Canopy EIE $2.30 (+7%); net sales $2.14B (+7%).
Beer business outperformed growth expectations; operating cash flow at high end of guidance, free cash flow exceeded.
Issues FY2025 outlook aligned with medium-term enterprise targets.
Declares quarterly dividend $1.01/share Class A, $0.91/share Class 1, payable May 17, record May 3.

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. updated its the fiscal year and fourth fiscal quarter ended February 29, 2024 guidance (reaffirmed).

Period: the fiscal year and fourth fiscal quarter ended February 29, 2024
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On April 11, 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 fiscal year and fourth fiscal quarter ended February 29, 2024.

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CONSTELLATION BRANDS, INC. filing history →

Source: SEC EDGAR

accession 0000016918-24-000031

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