Constellation Brands: EPS up 17% in Q1

(CercleFinance.com) - Constellation Brands reports Q1 2024-25 EPS that is up 17% at $3.
57, with its operating profit up 12% to $924m, again on a comparable basis. NB: pmt +3.7%.

The alcoholic beverage group reported sales that rose 6% to $2.66bn, with 8% growth in beer sales offsetting a 7% decline in wine and spirits sales.

Announcing a solid start to FY 2024-25, Constellation Brands confirms that it expects comparable EPS of $13.50 to $13.80 and FCF of $1.4bn to $1.5bn for the full year.


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