Constellation Brands (STZ) to Outline Foundation for Continued Growth

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Go back to Constellation Brands (STZ) to Outline Foundation for Continued Growth

Constellation Brands to Outline Strategic Foundation for Continued Growth at 2023 Investor Day

November 2, 2023 1:00 PM EDT

Beer 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