Constellation Brands: Q4 EPS down 12%
(CercleFinance.com) - Constellation Brands reported a 12% drop in its Q4 2020-21 EPS to 1.
82 dollar on a comparable basis (1.93 dollar excluding Canopy), although this is still significantly above the consensus.
Also on a comparable basis, the alcoholic beverages group's operating profit fell 6% to 564 million dollars, despite sales increasing by 3% to just over 1.95 billion dollars.
With full year like-for-like EPS up 9% to 9.97 dollars, Constellation Brands said it expects a target range of 9.95-10.25 dollars for 2021-22.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
82 dollar on a comparable basis (1.93 dollar excluding Canopy), although this is still significantly above the consensus.
Also on a comparable basis, the alcoholic beverages group's operating profit fell 6% to 564 million dollars, despite sales increasing by 3% to just over 1.95 billion dollars.
With full year like-for-like EPS up 9% to 9.97 dollars, Constellation Brands said it expects a target range of 9.95-10.25 dollars for 2021-22.
Copyright (c) 2021 CercleFinance.com. All rights reserved.