USA: Constellation Brands reports decreased Q4 earnings per share, net income
Constellation Brands, Inc. reported fourth quarter comparable basis earnings per share of $1.82 compared to $2.06, prior year. Excluding Canopy, comparable earnings per share was $1.93, down 11%.
On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $1.55, for the quarter. Analysts' estimates typically exclude special items.
Fourth quarter net income attributable to CBI declined to $382.9 million from $398.4 million, prior year. Earnings per class A common stock was $1.95 compared to $2.04.
Fourth quarter net sales were $1.95 billion, up 3% from previous year. Analysts expected revenue of $1.87 billion, for the quarter.
For fiscal 2022, the company expects reported EPS of $6.90 - $7.20; and comparable basis EPS, excluding Canopy, of $9.95 - $10.25.
On April 7, Constellation's board declared a quarterly dividend of $0.76 per share of class A common stock and $0.69 per share of class B common stock.
E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at firstname.lastname@example.org .