Categories AlphaGraphs, Consumer, Earnings

STZ Infographic: Highlights of Constellation Brands’ Q3 2023 earnings

Constellation Brands, Inc. (NYSE: STZ) announced third-quarter 2023 earnings results on Thursday, reporting a 5% increase in net sales.

Comparable earnings, adjusted for one-off items, dropped to $2.83 per share in the third quarter from $3.12 per share last year. On an unadjusted basis, the company reported a profit of $467.7 million or $2.52 per share, compared to a net profit of $470.8 million or $2.48 per share in the prior-year period. At $2.44 billion, third-quarter net sales were up 5%.

Check this space to read management/analysts’ comments on Constellation Brands’ Q3 2023 earnings

“Our Beer Business continued to outperform the market as the top share gainer for the sixth consecutive quarter. Our Wine and Spirits Business further advanced its strategy with our largest higher-end brands delivering growth significantly above the category segments,” said Constellation Brands’ CEO Bill Newlands.

  • Constellation Brands Q2 2023 earnings infographic
  • 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

COST Earnings: A snapshot of Costco’s Q4 2023 financial results

Costco Wholesale Corporation (NASDAQ: COST), which operates a chain of membership warehouses, on Tuesday reported results for the fourth quarter of fiscal 2024. The company posted revenues of $78.9 billion

What to look for when McCormick & Co. (MKC) reports Q3 2023 earnings

Shares of McCormick & Company Inc. (NYSE: MKC) were down on Tuesday. The stock has fallen 19% over the past three months. The spices and seasonings maker is scheduled to report its

Cintas Corporation (CTAS) Q1 2024 Earnings: Key financials and quarterly highlights

Cintas Corporation (NASDAQ: CTAS) reported first quarter 2024 earnings results today. Revenue was $2.34 billion, up 8.1% from the same period last year. Organic revenue growth was also 8.1%. Net

Add Comment
Viewing Highlight