Categories AlphaGraphs, Consumer, Earnings

STZ Infographic: Highlights of Constellation Brands’ Q2 2023 earnings results

Constellation Brands, Inc. (NYSE: STZ) announced second-quarter 2023 earnings results on Thursday, reporting a 12% increase in net sales.

Comparable earnings, adjusted for one-off items, climbed 33% year-over-year to $3.17 per share in the second quarter. On an unadjusted basis, the company reported a net loss of $1.15 billion or $6.30 per share, compared to a net profit of $1.5 million or $0.01 per share in the prior-year period.

At $2.86 billion, second-quarter net sales were up 12%. Sales in the beer segment grew by 15%, while wine and spirits sales edged up by 1%.


Check this space to read management/analysts’ comments on Constellation Brands’ Q2 2023 earnings


“Our core beer brands, Modelo Especial and Corona Extra continue to outshine the market, and our next-wave brands, Pacifico and Modelo Chelada, are achieving strong double-digit growth. The benefits of our Wine and Spirits strategy are taking hold, as our higher-end brands continue to resonate with the consumer,” said Constellation Brands’ CEO Bill Newlands.

Prior Performance

  • Constellation-Brands-Q1-2023-Earnings-Infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

What to look for when CVS Health (CVS) reports Q3 earnings

Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain

eBay (EBAY): A few factors that helped drive growth in Q3 2024

Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top