Constellation Brands (STZ) Tops Q1 EPS by 19c

Constellation Brands (NYSE: STZ) reported Q1 EPS of $2.51, $0.19 better than the analyst estimate of $2.32. Revenue for the quarter came in at $2.03 billion versus the consensus estimate of $2.02 billion.

• Generates reported basis EPS of $(4.74) and comparable basis EPS of $2.33, including Canopy equity losses of $0.18; excluding Canopy equity losses, achieved comparable basis EPS of $2.51, an increase of 3%

GUIDANCE:

Constellation Brands sees 2022 EPS of $10.00-$10.30 excluding Canopy, versus the consensus of $10.02.

For earnings history and earnings-related data on Constellation Brands (STZ) click here.

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