Wed, Oct 22, 2014, 6:42 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Constellation Brands Inc. Message Board

  • adspatz adspatz Oct 3, 2013 11:03 AM Flag

    Constellation earnings top $1.5B

    Search for "SEC Live Filings Digest" to find out more.
    Constellation Brands Inc. (STZ) announced its financial results for the first quarter of fiscal year 2014, reporting earnings of $1.5B. The company closed its largest deal in June with Anheuser Busch InBev NV (BUD), paying $5.3B for U.S. distribution rights for Corona and some other Mexican beers. Upon completion of the transaction, Constellation became the third-largest beer supplier to the United States. Constellation reported earnings this quarter of $1.52B, or $7.74 per share, up from $124.6B or $0.67 per share a year ago. The stark contrast is explained by a $1.6B asset gain and had this been excluded, earnings per share would have been up from $0.71 to $0.96. Gross margin slipped slightly from 40.8% to 39.5% while wine and spirits volume increased 1.8% and beer volume increased 1.1%.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
STZ
86.91+0.25(+0.29%)Oct 22 4:03 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.