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Constellation Brands (STZ) Q1 Earnings Beat, Sales Miss
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Constellation Brands posted fiscal first-quarter comparable earnings of $2.03 per share, which increased 4% year over year and beat the Zacks Consensus Estimate of $2.03. The reported figure included Canopy Growth equity loss of 15 cents. Excluding the impacts of Canopy Growth, the company posted earnings of $2.44 per share, which grew 2% from the year-ago quarter.
Net sales declined 6.4% to $1,963.4 million and missed the Zacks Consensus Estimate of $1,981.5 million.
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https://finance.yahoo.com/news/constella...02449.html
![[Bild: STZc1dl0655.png]](https://finviz.com/publish/070220/STZc1dl0655.png)
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Constellation Brands posted fiscal first-quarter comparable earnings of $2.03 per share, which increased 4% year over year and beat the Zacks Consensus Estimate of $2.03. The reported figure included Canopy Growth equity loss of 15 cents. Excluding the impacts of Canopy Growth, the company posted earnings of $2.44 per share, which grew 2% from the year-ago quarter.
Net sales declined 6.4% to $1,963.4 million and missed the Zacks Consensus Estimate of $1,981.5 million.
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https://finance.yahoo.com/news/constella...02449.html
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