Categories AlphaGraphs, Consumer, Earnings

STZ Earnings: Key quarterly highlights from Constellation Brands’ Q3 2024 financial results

Constellation Brands, Inc. (NYSE: STZ) reported third quarter 2024 earnings results today.

Net sales inched up 1% to $2.47 billion compared to the same period last year. Comparable sales were also up 1%.

Net income attributable to CBI increased 9% to $509 million while EPS rose 10% to $2.76 compared to last year. Comparable EPS rose 13% to $3.19.

Earnings beat estimates but revenue fell short.

The company expects EPS to range between $9.15-9.35 in FY2024.

The stock was up over 1% in premarket hours on Friday.

Prior performance

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