Constellation Brands (STZ) option IV increases into quarter results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/8/2026
- S&P closes at record high as soft jobs report eases rate-hike concerns
- US suffers unexpected job losses in July, markets dial back rate hike expectations
- Brent climbs $1 on uncertainty over end to Iran war
- Atlassian results seen as 'game changer' for AI kills software worries
- The Trade Desk hit by Wall St downgrades after disappointing Q2 results, outlook
- Citi cuts Micron stock target, sees memory chip prices peaking in 2Q27
- S&P closes at record high as soft jobs report eases rate-hike concerns
- Atlassian results seen as 'game changer' for AI kills software worries
- US suffers unexpected job losses in July, markets dial back rate hike expectations
- Microsoft only US hyperscaler with positive free cash flow as AI capex bites
- After-Hours Movers: TEAM, NET, TWLO, DOCS, FROG, DV, TTD, ABNB, DKNG, SG, RKT
- After-Hours Stock Movers: WDC, SNDK, FIG, APP, HUBS, SOUN, DASH, XYZ, Z, FLNC
- After-Hours Movers: SPCX, AMD, ANET, PINS, APPS, UPST, ZETA, BKNG, LCID, CPNG, MTCH
- After-Hours Stock Movers: PLTR, SNAP, ON, ICHR, WGS, WHR
- After-Hours Stock Movers: AAPL, AMZN, COIN, RBLX, RDDT, AXTI, FND, WU, GDDY
Constellation Brands (STZ) Q1 performance boosted by strong beer sales
June 30, 2023 8:55 AM EDT(Updated - June 30, 2023 9:02 AM EDT)
Shares of Constellation Brands (NYSE: STZ) are down more than 2% premarket Friday after the company released earnings for its latest quarter.
The company reported Q1 comparable EPS of $3.04 (excluding Canopy EIE), $0.21 better than the analyst estimate of $2.83, while revenue for the quarter came in at $2.52 billion versus the consensus estimate of $2.47 billion.
STZ said its beer business achieved strong double-digit net sales growth and a mid-single-digit depletion increase primarily driven by the continued momentum of the Modelo brand family.
"Our Beer Business... More
