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Constellation Brands: Q4 EPS up 14%

( - Constellation Brands has reported a 14% increase in EPS to $2.
26 and a 7% increase in operating profit to $631m for Q4 2023-24 (ended February), on a comparable basis.

The alcoholic beverages group posted a 7% increase in sales to $2.14bn, with 11% growth in beer sales offsetting a 6% decline in wine and spirits sales.

With EPS of $12.06 and FCF of $1.5bn for the year just ended, Constellation Brands targets respective ranges of $13.50 to $13.80 and $1.4bn to $1.5bn for the coming year.

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