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Constellation Brands (STZ) Q1 Earnings & Sales Beat Estimates
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Q1 Highlights
Constellation Brands reported first-quarter earnings of $2.21 per share, which outpaced the Zacks Consensus Estimate of $2.07. The reported figure includes Canopy Growth CGC equity loss of 20 cents. Excluding the Canopy effect, it posted earnings of $2.40, which grew 9% from the year-ago quarter.
At the company’s beer business, sales improved 7.4% to $1,477.4 million, driven by a 5.4% rise in shipment volume and 6.6% depletions growth.
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https://finance.yahoo.com/news/constella...03944.html
![[Bild: STZc1dl1035.png]](https://finviz.com/publish/070219/STZc1dl1035.png)
...
Q1 Highlights
Constellation Brands reported first-quarter earnings of $2.21 per share, which outpaced the Zacks Consensus Estimate of $2.07. The reported figure includes Canopy Growth CGC equity loss of 20 cents. Excluding the Canopy effect, it posted earnings of $2.40, which grew 9% from the year-ago quarter.
At the company’s beer business, sales improved 7.4% to $1,477.4 million, driven by a 5.4% rise in shipment volume and 6.6% depletions growth.
...
https://finance.yahoo.com/news/constella...03944.html
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