Constellation Brands: Q1 misses consensus
(CercleFinance.com) - Constellation Brands, which includes Corona beer in its brand portfolio, has reported Q1 EPS that is down 5% at 2.
20 dollars on a comparable basis, significantly below the consensus of 2.43 dollars.
Again on a comparable basis, the US alcoholic beverages group saw its operating profit slip 4% to 638 million dollars, on revenues that are up 6% at 2.05 billion dollars.
Judging these first three months in line with its expectations, Constellation Brands has reinstated its 2018-19 fiscal year target range for comparable EPS of between 9.40 dollars and 9.70 dollars, as well as its free cash flow forecast of between 1.2 billion dollars and 1.3 billion dollars.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
20 dollars on a comparable basis, significantly below the consensus of 2.43 dollars.
Again on a comparable basis, the US alcoholic beverages group saw its operating profit slip 4% to 638 million dollars, on revenues that are up 6% at 2.05 billion dollars.
Judging these first three months in line with its expectations, Constellation Brands has reinstated its 2018-19 fiscal year target range for comparable EPS of between 9.40 dollars and 9.70 dollars, as well as its free cash flow forecast of between 1.2 billion dollars and 1.3 billion dollars.
Copyright (c) 2018 CercleFinance.com. All rights reserved.