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
Take-Two Interactive Software (TTWO) Earnings: 4Q25 Key Numbers
Take-Two Interactive Software, Inc. (NASDAQ: TTWO) reported its earnings results for the fourth quarter of 2025. Net revenue increased 13% year-over-year to $1.58 billion. Net loss was $3.73 billion, or
Autodesk looks set to report higher Q1 2026 revenue and profit
Autodesk Inc. (NASDAQ: ADSK), a market leader in design software, delivered better-than-expected quarterly results in fiscal 2025, leveraging the digitization trend in the engineering and construction industries. After successfully transitioning
Applied Materials Q2 earnings rise on higher revenues, beat estimates
Semiconductor equipment maker Applied Materials, Inc. (NASDAQ: AMAT) reported higher adjusted earnings for the second quarter of 2025, driven by an increase in revenues. Earnings also exceeded analysts' estimates. Adjusted
