Constellation Brands (STZ) to Outline Foundation for Continued Growth
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Constellation Brands to Outline Strategic Foundation for Continued Growth at 2023 Investor Day
November 2, 2023 1:00 PM EDTBeer Business Medium-Term ~7-9% Net Sales Growth and ~39-40% Operating Margins Outlook Unchanged
Wine & Spirits Business Now Expects Medium-Term ~1-3% Net Sales Growth and ~25-26% Operating Margins
Company Targeting Annual Low Double-Digit Diluted EPS Growth (Excluding Canopy EIE) Over Medium-Term
Expects Cumulative $15-17B Operating Cash Flow and $10-12B Free Cash Flow from Fiscal 2024 to Fiscal 2028
Capital Allocation Priorities Unchanged, Company Announces Additional $2B Share Repurchase... More
