Constellation Brands (STZ) Misses Q1 EPS by 3c; Guides FY14 EPS

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Constellation Brands (STZ) Q1 Miss Tied to Wine Margins

July 2, 2013 11:39 AM EDT

Constellation Brands (NYSE: STZ) declined Tuesday after it reported Q1 EPS of $0.38, $0.03 worse than the analyst estimate of $0.41. Revenue for the quarter came in at $673 million versus the consensus estimate of $674.24 million. The main source of weakness was in wine/sprits, according to Goldman Sachs analyst Judy E. Hong.... More