Constellation Brands (STZ) Tops Q1 EPS by 21c, Offers Guidance

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/9/2026

1. SPCX
2. SBUX
3. LEVI
4. NVDA
5. GOOGL
6. ORCL
7. USO
8. STZ
9. CRGY
10. AAPL

Go back to Constellation Brands (STZ) Tops Q1 EPS by 21c, Offers Guidance

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