Constellation Brands 1Q Sales Rise While Margins Contract
2023年6月30日 - 9:29PM
Dow Jones News
By Dean Seal
Constellation Brands logged a 6% jump in sales during its fiscal
first quarter while its profit fell as higher costs ate into
margins.
The Victor, N.Y.-based maker of beer, wine and spirits posted a
profit of $135.9 million, or 74 cents a share, in the quarter ended
May 31, compared with $389.5 million, or $2.06 a share, in the same
quarter a year ago.
Stripping out one-time items, adjusted earnings were $2.91 a
share. Analysts polled by FactSet had been expecting $2.83 a
share.
Revenue rose to $2.51 billion from $2.36 billion, above analysts
forecasts for $2.47 billion, according to FactSet.
The Victor, N.Y.-based company said its beer business delivered
11% sales growth and 5.5% jump in depletions thanks to continued
momentum in its Modelo brand family.
Margins meanwhile fell as the sales growth was offset by higher
raw materials and marketing spend, along with an increase in
incremental depreciation and operating costs from brewery capacity
expansions.
Shares slid 1.1% to $244 in premarket trading.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
June 30, 2023 08:14 ET (12:14 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Constellation Brands (NYSE:STZ)
過去 株価チャート
から 6 2024 まで 7 2024
Constellation Brands (NYSE:STZ)
過去 株価チャート
から 7 2023 まで 7 2024
