Constellation Brands (STZ) Tops Q4 EPS by 11c, Offers FY Guidance

Constellation Brands (NYSE: STZ) reported Q4 EPS of $1.84, $0.11 better than the analyst estimate of $1.73. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.73 billion.

GUIDANCE:

Constellation Brands sees FY2020 EPS of $8.50-$8.80, may not compare versus the consensus of $9.44.

• Provides fiscal 2020 outlook, expects reported basis EPS of $8.47 - $8.77 and comparable basis EPS of $8.50 - $8.80, including impact of wine and spirits divestiture, but excluding Canopy Growth equity earnings, share repurchases and gain or loss on the wine and spirits transaction

For earnings history and earnings-related data on Constellation Brands (STZ) click here.

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