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Constellation Brands (STZ) Misses on Q1 Earnings, Updates View
Constellation Brands posted fiscal first-quarter comparable earnings of $2.33 per share, which rose 1% year over year but missed the Zacks Consensus Estimate of $2.35. On a reported basis, the company incurred a loss per share of $4.74, which included Canopy Growth equity losses of 18 cents. Excluding the impacts of Canopy Growth, it posted comparable earnings of $2.51 per share, up 3% from the year-ago period.
Net sales improved 3% to $2,026.5 million but lagged the Zacks Consensus Estimate of $2,050.8 million. Organic net sales advanced 14% year over year.
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https://finance.yahoo.com/news/constella...02141.html
Constellation Brands posted fiscal first-quarter comparable earnings of $2.33 per share, which rose 1% year over year but missed the Zacks Consensus Estimate of $2.35. On a reported basis, the company incurred a loss per share of $4.74, which included Canopy Growth equity losses of 18 cents. Excluding the impacts of Canopy Growth, it posted comparable earnings of $2.51 per share, up 3% from the year-ago period.
Net sales improved 3% to $2,026.5 million but lagged the Zacks Consensus Estimate of $2,050.8 million. Organic net sales advanced 14% year over year.
...
https://finance.yahoo.com/news/constella...02141.html
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