Constellation Brands Inc $STZ..ya know..the people who bring you alcoholics your Svedka and Corona..well they reported Q4 results with an adjusted EPS of $1.19 compared to an estimated $1.14/share.
Based on the sustained strength of its beer business, Constellation Brands expects adjusted earnings per share for fiscal 2017 in a band of $6.05–$6.35 and GAAP earnings of $6.00–6.30.
Constellation stirred up around $1543.2 million in net revenue which is a 14% YoY increase and beat the $1,526m estimate.
There are also plans for Constellation to purchase The Prisoner Wine Company’s portfolio which will include five wine brans such as Prisoner, Saldo, Cuttings, Blindfold, and Thorn.
Has anyone ever actually had any of these? I’ve never even heard of this crap.
Constellation Brands Inc, $STZ, is currently up nearly 4% in the first 15 minutes of trading today.
When times are tough the spirits soar (taverns at full capacity). Could be a bad omen ?
They’re relatively well rated wines. I’ve tried a few of them. Good but overpriced.