Constellation Brands (STZ) Declares $0.31 Quarterly Dividend; 1.1% Yield
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Constellation Brands (STZ) Tops Q1 EPS by 3c; Boosts FY16 EPS Outlook; Will Acquire Meiomi Wine Brand
July 1, 2015 7:34 AM EDTConstellation Brands (NYSE: STZ) reported Q1 EPS of $1.26, $0.03 better than the analyst estimate of $1.23. Revenue for the quarter came in at $1.63 billion versus the consensus estimate of $1.62 billion.
"Our excellent first quarter results reflect a great start to our new fiscal year. We delivered exceptional performance for our beer business, which is the primary driver of the upward revision to our EPS outlook for the year, and our brewery expansion continues to proceed as planned. Within our wine and spirits business, we experienced improving market trends for our U.S. wine business,... More
