Constellation Brands (STZ) PT Lowered to $307 at JPMorgan
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Constellation Brands Updates Fiscal 2025 Outlook
September 3, 2024 9:00 AM EDTUpdates reported EPS guidance to $3.05 - $7.92 and raises lower-end of comparable EPS guidance toÂ
$13.60 - $13.80, affirming double-digit comparable EPS growth expectation (1)
Updates Enterprise net sales growth to 4% - 6%, reported operating income decline to (68)% - (36)%
including an expected Wine and Spirits goodwill impairment loss of approximately $1.5 - $2.5 billion(2),
and comparable operating income growth to 8% - 9%
Updates Beer net sales growth to 6% - 8% and... More
