Constellation Brands: Fiscal 1Q Earnings Snapshot
VICTOR, N.Y. (AP) _ Constellation Brands Inc. (STZ.B) on Friday reported a fiscal first-quarter loss of $245.4 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Victor, New York-based company said it had a loss of $1.30. Earnings, adjusted for one-time gains and costs, were $2.21 per share.
The wine, liquor and beer company posted revenue of $2.28 billion in the period.
Constellation Brands expects full-year earnings in the range of $8.65 to $8.95 per share.
Constellation Brands shares have risen 14% since the beginning of the year. The stock has decreased 19% in the last 12 months.