Constellation Brands, Inc. (STZ) is scheduled to release second-quarter fiscal 2025 results on Oct. 3, 2024. The alcoholic beverage bigwig is expected to have recorded top-and-bottom-line growth in the to-be-reported quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The Zacks Consensus Estimate for the company's fiscal second-quarter earnings is pegged at $4.11 per share, indicating 11.1% growth from the year-ago quarter's reported figure. The consensus mark has moved down b ...

Constellation Brands Inc. (STZ) has lowered its financial outlook for fiscal 2025, citing continued soft trends in its Wine and Spirits business. The company noted that weakness persisted in the U.S. wholesale wine and spirits market, leading to declines in the overall wine market and its mainstream and premium wine brands. The company attributed the weakness in consumer demand to ongoing macroeconomic headwinds, particularly rising unemployment. As a result of this weakness, STZ expects to record non-cash ...

Key Takeaways Constellation Brands, whose beverages include Modelo and Corona beers, raised the low end of its fiscal 2025 earnings per share outlook on Tuesday. The company expects to recognize a goodwill impairment loss of $1.5 billion to $2.5 billion in its wine and spirits division for this quarter. Constellation will report fiscal second-quarter earnings before the market opens on Oct. 3. Constellation Brands (STZ) raised the lower end of its outlook for fiscal 2025 adjusted earnings Tuesday, ahead of ...

Booze giant Constellation Brands on Tuesday warned it could be forced to write down the value of its assets by as much as $2.5 billion this year because of weak wine demand as consumers pull back on non-essentials amid sticky inflation. The Rochester, NY-based company – which owns brands including Corona, Modelo, Robert Mondavi and Casa Noble – said the noncash goodwill impairment loss of between $1.5 billion and $2.5 billion would hurt its second quarter results. Constellation nearly halved its earnings ou ...

Constellation Brands, Inc. (NYSE:STZ) Barclays 17th Annual Global Consumer Staples Conference September 3, 2024 11:15 AM ET Company Participants Bill Newlands - President and Chief Executive Officer Garth Hankinson - Executive Vice President and Chief Financial Officer Conference Call Participants Lauren Lieberman - Barclays Lauren Lieberman Thank you for being here and welcome to the 33rd Annual Barclays Global Consumer Staples Conference. As always, it's awesome to see so many familiar faces once again, a ...

会议主要讨论的核心内容 - 公司发布了更新后的2025财年指引,调低了收入增长预期,但通过成本节约措施保持了双位数EPS增长目标 [7][8][9][13] - 公司认为当前宏观环境和消费者情绪的变化导致了收入增长放缓,但通过加大营销投入等措施来应对 [8][9][10][11] - 公司与Elliott合作关系良好,双方就公司治理、资本配置等方面达成共识,并进一步优化了董事会结构 [17][18][19] - 公司对啤酒业务的中长期增长前景保持乐观,认为Modelo品牌在美国市场仍有巨大的增长空间 [20][21][22][30][31] - 公司正在从"建设者"向"运营者"转型,通过数字化工具和流程优化等方式持续提升运营效率和盈利能力 [39][40][41][42][43] - 公司对葡萄酒和烈酒业务的转型充满信心,正在通过聚焦核心品牌、优化成本结构等措施来提升业绩 [50][51][52][55][56][57] 问答环节重要的提问和回答 - 分析师关注公司是否会受到潜在贸易政策变化的影响,公司表示目前还为时尚早,但已做好充分准备 [47][48] - 分析师询问公司对整个酒类饮料行业消费趋势的看法,公司认为消费者对口味、健康等诉求的变化将带来新的机遇 [58][59][60][61] - 分析师关注公司未来的资本配置策略,公司表示随着啤酒业务资本支出需求的下降,未来将有更多灵活性来考虑股票回购等方式 [62][63]

文章核心观点 - 康斯特利品牌公司发布了2025财年的更新财务指引 [1] - 公司预计啤酒业务将保持6%-8%的净销售增长和11%-12%的营业利润增长 [1] - 公司预计葡萄酒和烈酒业务将出现4%-6%的净销售下降和16%-18%的营业利润下降 [1] - 公司预计将就葡萄酒和烈酒业务计提15-25亿美元的商誉减值损失 [2][4] 根据目录分别总结 财务指引更新 - 公司将报告每股收益指引调整为3.05-7.92美元,可比每股收益指引调整为13.60-13.80美元 [1] - 公司将企业净销售增长指引调整为4%-6%,可比营业利润增长指引调整为8%-9% [1] - 公司将啤酒业务净销售增长指引调整为6%-8%,营业利润增长指引调整为11%-12% [1] - 公司将葡萄酒和烈酒业务净销售下降指引调整为4%-6%,营业利润下降指引调整为16%-18% [1] 业务表现分析 - 啤酒业务保持良好增长,但受宏观经济环境影响有所放缓 [5] - 葡萄酒和烈酒业务面临行业整体下滑和公司主要品牌下滑的挑战 [5] - 公司在零售渠道的表现优于整个消费品行业,啤酒业务在其品类中保持领先地位 [5] 成本管控和资本配置 - 公司正在采取成本节约和效率提升措施,并将部分节省用于啤酒业务营销投入 [5] - 公司将继续保持资本配置的纪律,预计今年将实现约3倍的净负债率目标 [5] - 公司将通过股息和股票回购等方式回报股东 [5] - 公司将继续投资啤酒业务的产能扩张 [5]

ROCHESTER, N.Y., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today it will report financial results for its second quarter ending August 31, 2024, on Thursday, October 3, 2024, before the open of the U.S. markets. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Executive Vice President and Chief Financial Officer, Garth Hankinson, at 10:30 a.m ...

文章核心观点 - 康斯特利品牌公司(STZ)在持续的不确定性和艰难的宏观经济环境中保持了强劲的地位 [1] - 公司的啤酒业务,特别是Modelo Especial和Corona Extra等品牌以及新品牌Pacifico和Modelo Chelada的强劲表现,为公司带来了持续的增长 [2][3][4] - 公司的高端Power Brands,包括The Prisoner Brand Family、Kim Crawford和Meiomi等,在葡萄酒和烈酒板块也是关键的增长动力 [5] - 公司对未来保持乐观态度,预计2025财年每股收益和营收将实现两位数增长 [6][7][8] 行业和公司分析 啤酒业务 - 啤酒业务净销售额和营业利润分别同比增长8%和16%,主要得益于强劲的销量增长以及成本和运营效率的提升 [2][3] - 啤酒业务发货量同比增长7.6%,销量增长6.4%,主要受益于Modelo Especial、Pacifico和Modelo Chelada等品牌的强劲需求 [3] - 啤酒板块还从高端化趋势中获益,传统啤酒和风味类别(包括苏打酒、风味啤酒、现调烈酒和风味麦芽饮料)实现了增长 [4] 葡萄酒和烈酒业务 - 葡萄酒和烈酒板块销售下降7%,主要受到美国批发渠道大部分价格段葡萄酒类别市场环境疲软的影响 [10] - 公司预计葡萄酒和烈酒板块营业利润将下降9-11% [8] 其他因素 - 公司预计2025财年企业层面的营业利润将增长10-12%,可比营业利润将增长8-10% [7][8] - 公司预计2025财年企业层面的净销售额将增长6-7%,其中啤酒板块增长7-9% [7] - 公司预计2025财年企业层面的有效税率将略有上升,主要由于葡萄酒和烈酒业务对整体营业利润的贡献增加 [12] - 公司预计2025财年的企业费用为2.6亿美元,利息费用为4.45-4.55亿美元 [13]

The notes offered under Constellation's commercial paper program have not been and will not be registered under the Securities Act of 1933, as amended, and may not be offered or sold in the U.S. absent registration or an applicable exemption from registration requirements. This presentation shall not constitute an offer to sell or the solicitation of an offer to buy Constellation's notes under the commercial paper program. A list of defined terms used within can be found in the appendix of this presentation ...