Yahoo Finance Constellation Brands Full Year 2024 Earnings: In Line With Expectations
Constellation Brands (NYSE:STZ) Full Year 2024 Results
Key Financial Results
Revenue: US$9.96b (up 5.4% from FY 2023).
Net income: US$1.73b (up from US$71.0m loss in FY 2023).
Profit margin: 17% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses.
EPS: US$9.42 (up from US$0.42 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Constellation Brands Meets Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.
Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Beverage industry in the US.
Performance of the American Beverage industry.
The company's shares are up 1.6% from a week ago.
Risk Analysis
It is worth noting though that we have found 3 warning signs for Constellation Brands that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
