Earnings
Constellation Brands' Tax Rate Fell To 20.2% As Operating Income Dropped 8% And Net Income Rose 21%
The 10-Q shows a lower tax bill lifting profit, with a further $100 million to $150 million tax benefit flagged for next quarter.
STZ
Constellation Brands (STZ) news from Bullished: SEC filings, earnings, insider trades and deals, explained in plain English with links to the source documents.
Earnings
Constellation Brands CEO Sees High End Of Profit Guidance If September Trends Hold
Nick Fink said only a reversal in trends would put the $11.20 to $11.90 earnings range's low end in play, and the company has $2.5 billion left to buy back.
Earnings
Constellation Brands' Reported EPS Rose 25% To $3.32, Yet Reported Operating Income Fell 8%
The company also bought SpikedAde for $75 million at close and left its comparable EPS forecast of $11.20 - $11.90 unchanged.