Constellation Brands: Fiscal 2Q Earnings Snapshot
VICTOR, N.Y. (AP) _ Constellation Brands Inc. (STZ.B) on Thursday reported fiscal second-quarter profit of $1.15 billion.
On a per-share basis, the Victor, New York-based company said it had net income of $5.87. Earnings, adjusted for non-recurring gains, were $2.87 per share.
The wine, liquor and beer company posted revenue of $2.53 billion in the period. Its adjusted revenue was $2.3 billion.
Constellation Brands expects full-year earnings in the range of $9.60 to $9.75 per share.
Constellation Brands shares have fallen almost 7 percent since the beginning of the year. The stock has increased slightly more than 1 percent in the last 12 months.