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STZ Constellation Brands Inc

272.04
0.00 (0.00%)
Pre Market
Last Updated: 11:00:01
Delayed by 15 minutes
Share Name Share Symbol Market Type
Constellation Brands Inc NYSE:STZ NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 272.04 1 11:00:01

Constellation Brands 2Q Net Sales Down More Than 3%, But Beat Consensus Estimate

01/10/2020 1:20pm

Dow Jones News


Constellation Brands (NYSE:STZ)
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From Mar 2019 to Mar 2024

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By Allison Prang

 

Constellation Brands Inc. said net sales dropped more than 3% in the second quarter, while the company swung to a profit from a year-earlier loss.

The beverage company said Thursday that net profit for the second quarter was $512.1 million, or $2.62 a share. In the year-earlier quarter, Constellation had a net loss of $525.2 million, or $2.77 a share.

Adjusted earnings were $2.76 a share. According to FactSet, analysts had been expecting $2.51 a share.

Net sales were $2.26 billion, down 3.6% from a year earlier. Analysts had expected $2.19 billion.

 

Write to Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

October 01, 2020 08:05 ET (12:05 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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