Constellation Brands reports improved earnings, shares gain 3% Author: Investing.com

ROCHESTER, N.Y. – Constellation Brands, Inc. (NYSE: NYSE:), a leading alcoholic beverage company, today announced its fiscal 2025 first-quarter results. The results exceeded analyst expectations for adjusted earnings per share (EPS).

The company reported first-quarter earnings per share of $3.57, up $0.11 from analyst estimates of $3.46. However, revenue for the quarter was slightly below expectations at $2.66 billion, just below the consensus estimate of $2.67 billion.

The company’s results sparked a positive market reaction, with the share price rising 3.4% following the announcement.

Constellation Brands also provided guidance for the full fiscal year 2025, forecasting earnings per share in a range of $13.50 to $13.80. The midpoint of that guidance, $13.65, is in line with analysts’ consensus.

Chairman and CEO Bill Newlands commented on the results, stating, “Our ability to exceed EPS expectations in the quarter reflects our continued commitment to delivering quality and value to our shareholders. We remain focused on driving growth through our iconic brands and are pleased with the positive response from our consumers and investors.”

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