Seeking Alpha

Constellations Brands impresses with results and guidance

  • Constellation Brands (STZ) reports strong volume gains from Crown's commercial beer business. Corona Extra and Modelo Especial were the two brands with the most impressive performance.
  • Profit from wine and spirits operations was higher due to lower product related costs during the period.
  • The company sees mid-to-high single digit growth in its beer segment to outpace the type of gains put in recently by peers.
  • FY15 EPS guidance is set at $3.95-$4.15 vs. $3.95 consensus.
  • STZ +4.3% premarket
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