ROCHESTER, N.Y. - Constellation Brands, Inc. (NYSE: NYSE:STZ), a prominent beverage alcohol company, today announced its first quarter fiscal 2025 earnings, surpassing analyst expectations for adjusted earnings per share (EPS).
The company reported a first quarter EPS of $3.57, which was $0.11 higher than the analyst estimate of $3.46. However, revenue for the quarter was slightly below expectations at $2.66 billion, just shy of the consensus estimate of $2.67 billion.
The company's performance led to a positive market response, with the stock price rising by 3.4% following the announcement.
Constellation Brands also provided guidance for the full fiscal year 2025, projecting an EPS range of $13.50 to $13.80. The midpoint of this guidance, $13.65, aligns with the analyst consensus.
President and CEO Bill Newlands commented on the results, stating, "Our ability to exceed EPS expectations this quarter reflects our ongoing commitment to delivering quality and value to our shareholders. We continue to focus on driving growth through our iconic brands and are pleased with the positive response from our consumers and investors alike."
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