Constellation Brands (STZ) Tops Q4 EPS by 53c

Constellation Brands (NYSE: STZ) reported Q4 EPS of $2.18, $0.53 better than the analyst estimate of $1.65. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.84 billion.

PRE COVID-19 BUSINESS TARGET ASSUMPTIONS FOR FISCAL 2021:

• Beer: net sales growth of 7%-8% including the impact of the Ballast Point divestiture and organic net sales growth of 8%-10%; operating margin of 39.5%-40.0%
• Wine and Spirits: net sales and operating income decline of approximately 30% to 35%, respectively; retained Power Brand portfolio

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

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