Constellation Brands slips after earnings miss
ReutersJul 2, 2025 9:32 AM
Corona beer maker Constellation Brands' STZ.N shares down 1% at $164.63 premarket
Reports Q1 net sales and comparable profit miss after market close Tuesday; maintains annual enterprise organic sales and profit forecasts
Q1 net sales $2.52 bln vs $2.55 bln estimate, comparable EPS $3.22 vs $3.31 estimates - data compiled by LSEG
Truist analysts views results as sign that investor negative sentiment around the brand has bottomed out
More prudent for STZ to guide lower given soft Q1, weak start to Q2 and potential further macro pressure - J.P.Morgan analysts
Avg rating of 26 analysts is "buy"; median PT $202 - data compiled by LSEG
Stock down nearly 25% YTD, up to last close
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