Constellation Brands Reports Strong Fourth Quarter Results
Thursday, 11 April 2024, 11:52
Constellation Brands (STZ) Q4 Earnings Exceed Analysts' Projections
Beer maker Constellation Brands, Inc. (NYSE: STZ) on Thursday reported higher sales and comparable profit for the fourth quarter of 2024. The results also exceeded analysts' estimates.
Key Highlights:
- Adjusted earnings per share increased to $2.26 from $1.98 year-over-year
- Fourth-quarter net sales reached $2.14 billion, up 7% YoY
- CEO Bill Newlands praised the Beer Business for its growth momentum and margin performance
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.