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$0.37 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.

The primary driver behind last 12 months revenue was the Beer segment contributing a total revenue of US$8.16b (82% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$1.79b (54% of total expenses). Explore how STZ's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Beverage industry in the US.

Performance of the American Beverage industry.

The company's shares are down 1.4% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Constellation Brands that you should be aware of.

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