Constellation Brands (STZ) Tops Q1 EPS by 14c; Boosts FY15 EPS Outlook

July 2, 2014 7:38 AM EDT
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Price: $229.75 -1.83%

EPS Growth %: -16.5%

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Constellation Brands (NYSE: STZ) reported Q1 EPS of $1.07, $0.14 better than the analyst estimate of $0.93. Revenue for the quarter came in at $1.53 billion versus the consensus estimate of $1.41 billion.

"We posted a great quarter reflecting outstanding results for our beer business as well as wine and spirits performance that was generally in-line with our expectations," said Rob Sands, president and chief executive officer, Constellation Brands. "Within our beer business, we continue to capitalize on our industry-leading performance and excellent retail execution across our entire Mexican beer portfolio. These strong results are driving the upward revision to our EPS guidance for fiscal 2015."

Constellation Brands sees FY2014 EPS of $4.10 - $4.25, versus prior guidance of $3.95 - $4.15 and the consensus of $4.12.

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

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