Constellation Brands Reports Fiscal Year and Fourth Quarter 2022 Financial Results and Fiscal Year 2023 Outlook
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Constellation Brands (STZ) enters $500M accelerated share repurchase agreement
April 7, 2022 8:51 AM EDTConstellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it has entered into an accelerated share repurchase (ASR) agreement with Bank of America, N.A. to repurchase $500.0 million of its Class A common stock (Common Stock). Under the ASR agreement, Constellation will receive... More
Constellation Brands (STZ) Tops Q4 EPS by 46c, Offers FY Outlook
April 7, 2022 7:36 AM EDTConstellation Brands (NYSE: STZ) reported Q4 EPS of $2.55, $0.46 better than the analyst estimate of $2.09. Revenue for the quarter came in at $2.1 billion versus the consensus estimate of $2.02 billion.
GUIDANCE:
Constellation Brands sees FY2023 EPS of $11.20-$11.50, versus the consensus of... More
