What Affected Constellation Brands’ Margins in Fiscal 1Q18?
Constellation Brands’ (STZ) gross margin expanded to 51.4% in fiscal 1Q18 from 47.1% in fiscal 1Q17.
Constellation Brands (STZ) generated sales of $1.9 billion in fiscal 1Q18, which ended on May 31, 2017.
Constellation Brands’ (STZ) Beer segment accounted for 64% of the company’s net sales in fiscal 1Q18.
Unlike the strong Beer segment sales, Constellation Brands’ (STZ) Wine and Spirits segment sales fell in fiscal 1Q18, which ended on May 31, 2017.
Constellation Brands’ adjusted EPS in fiscal 1Q18 rose 52% on a year-over-year basis.
Constellation Brands (STZ) stock rose 5.0% on June 29 in reaction to the company’s strong earnings for fiscal 1Q18.
Constellation Brands stock has risen 20.4% to $184.57 as of June 23, 2017. The company has outperformed other major nonalcoholic beverage companies’ stocks on a year-to-date basis.
With the competition intensifying in the beer space, it remains to be seen whether Constellation Brands’ beer portfolio will continue to enjoy strong demand.
Constellation Brands (STZ) delivered impressive margin growth last year. The company’s gross margin was 48.1% in fiscal 2017, a rise of 44.9% compared to fiscal 2016.
Constellation Brands (STZ) has delivered strong sales growth over the past few quarters backed by its strategic acquisitions and the strength of its imported beer portfolio.
Constellation Brands (STZ) is scheduled to announce its fiscal 1Q18 results on June 29, 2017. Its fiscal 1Q18 ended on May 31, 2017.
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As of April 7, 12 out of 18 analysts covering Constellation Brands stock rated it as a “buy.”
On April 6, Constellation Brands’ (STZ) 12-month forward PE (price-to-earnings) multiple rose 0.2% to 22.2x.
Constellation Brands’ (STZ) impressive earnings growth in fiscal 4Q17, which ended on February 28, 2017, was also a result of improved margins.
In the full-year fiscal 2017, Constellation Brands’ Wine and Spirits segment’s sales rose 6.0% to $3.1 billion.
In fiscal 4Q17, Constellation Brands’ Beer segment sales rose 10.6% on a year-over-year basis to $891.2 million.
Constellation Brands (STZ) delivered net sales of $1.6 billion in fiscal 4Q17, which ended on February 28, 2017.
Constellation Brands (STZ) continued its impressive run by beating analyst earnings estimates for the tenth consecutive quarter in fiscal 4Q17.
Constellation Brands (STZ) stock surged 6.4% to $171.77 on April 6 in reaction to impressive results for fiscal 4Q17.