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STZ Constellation Brands Inc

258.68
1.37 (0.53%)
18 Apr 2024 - Closed
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
  1.37 0.53% 258.68 260.97 257.52 257.82 1,160,800 23:00:00

Constellation Brands Sees Profit Fall in 4Q

08/04/2021 1:27pm

Dow Jones News


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

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By Allison Prang

 

Constellation Brands Inc. saw profit fall in its fourth quarter but also logged growth in its top line and beer shipment volume.

The alcoholic beverage company said net income attributable to the company was $382.9 million, or $1.95 a share, compared to $398.4 million, or $2.04 a share, a year earlier. The company had less income in the most recent fourth quarter from unconsolidated investments compared to a year ago and its provision for income taxes also rose.

Adjusted earnings were $1.82 a share. Analysts were expecting $1.58 a share for adjusted earnings, according to FactSet.

Sales rose 2.6% to $1.95 billion. Analysts were expecting $1.86 billion.

 

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

 

(END) Dow Jones Newswires

April 08, 2021 08:12 ET (12:12 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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