Categories AlphaGraphs, Consumer, Earnings
STZ Earnings: Constellation Brands reports higher profit, sales for Q2 2024
Beer maker Constellation Brands, Inc. (NYSE: STZ) on Thursday said its net sales and comparable profit increased year-over-year in the second quarter of 2024.
Comparable earnings, adjusted for one-off items, increased to $3.70 per share in the second quarter from $3.17 per share last year. On an unadjusted basis, the company reported a profit of $690.0 million or $3.74 per share, compared to a loss of $1.15 billion or $6.30 per share in the prior year period. At $2.84 billion, second-quarter net sales were up 7%.
“Our Beer Business this quarter delivered double-digit net sales and operating income growth. Modelo Especial continued to outperform the market as the top share gainer and solidified its position as the #1 Beer in U.S. tracked channels,” said Constellation Brands’ CEO Bill Newlands.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,
