Constellation Brand a Aktie News

Constellation Brands (STZ) stock rose in early trading Thursday as the beverage company reported better-than-expected fourth-quarter fiscal 2024 earnings, driven by a rise in beer sales.

Constellation Brands Inc. NYSE: STZ stock is up 2.4% in early trading after the adult beverages company reported a double beat in its fourth quarter 2023 earnings report. Revenue of $2.14 billion topped estimates for $2.10 billion.

Constellation Brands forecast annual profit above Wall Street expectations on Thursday, banking on resilient demand for its core beer brands despite sticky inflation.

Corona Extra seller Constellation Brands Inc (NYSE:STZ) climbed in pre-market dealings after beating revenue and earnings expectations for the fourth quarter. Revenue climbed 7% to US$2.14 billion over the final quarter, the beverage maker reported on Thursday, outdoing Wall Street expectations of US$2.10 billion.

Shares of Constellation Brands Inc. STZ, +0.74% were rallying about 2% in premarket trading Thursday after the seller of beer and wine logged an earnings beat for its latest quarter. The company reported fiscal fourth-quarter net income of $392.4 million, or $2.14 a share, compared with $223.0 million, or $1.21 a share, in the year-earlier period.

Constellation Brands Inc is trading up in premarket on Thursday after coming in ahead of Street estimates for its fiscal fourth quarter. This is a developing story.

VICTOR, N.Y., April 11, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, reported today its fiscal year and fourth quarter 2024 financial results and fiscal year 2025 outlook. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Chief Financial Officer, Garth...

The company is still seeing weakness in its wine and spirit sales.