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

V Earnings: Key quarterly highlights from Visa’s Q1 2023 financial results

Visa Inc. (NYSE: V) reported first quarter 2023 earnings results today. Net revenues grew 12% year-over-year to $7.9 billion. GAAP net income rose 6% to $4.2 billion while EPS grew

Earnings: Highlights of Intel’s (INTC) Q4 2022 financial results

Intel Corporation (NASDAQ: INTC) Thursday reported a decline in adjusted earnings and revenues for the fourth quarter. The semiconductor giant also provided guidance for the first quarter of 2023. Fourth-quarter

McCormick (MKC) expects to drive sales growth in 2023 through pricing actions and cost savings

Shares of McCormick & Company Inc. (NYSE: MKC) were down over 5% on Thursday after the company missed expectations on its fourth quarter 2022 results and provided a lower-than-expected earnings

Add Comment
Viewing Highlight