Constellation Brands: sales up but EBIT down
(CercleFinance.com) - Today Constellation Brands today announced Q2 net sales of 2.
37 billion dollars, up 5% y-o-y.
However, EBIT fell by 8% y-o-y to 730 million dollars.
Net income attributable to Constellation Brands Inc. came in at just 1.5 million dollars, a fraction of the 512.1 million dollars posted a year ago.
Finally, quarterly adjusted EPS reached 2.38 dollars, down 14%.
For FY 2022 (end-February 2021 to end-February 2022), Constellation Brands expects adjusted EPS of 10.15 to 10.45 dollars.
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37 billion dollars, up 5% y-o-y.
However, EBIT fell by 8% y-o-y to 730 million dollars.
Net income attributable to Constellation Brands Inc. came in at just 1.5 million dollars, a fraction of the 512.1 million dollars posted a year ago.
Finally, quarterly adjusted EPS reached 2.38 dollars, down 14%.
For FY 2022 (end-February 2021 to end-February 2022), Constellation Brands expects adjusted EPS of 10.15 to 10.45 dollars.
Copyright (c) 2021 CercleFinance.com. All rights reserved.