Edition:
United Kingdom

Distillers & Wineries

Page 1

Constellation Brands Reports Quarterly Loss of $1.30 Per Share

Friday, 28 Jun 2019

June 28 (Reuters) - Constellation Brands Inc ::QTRLY REPORTED LOSS PER SHARE OF $1.30 .CONSTELLATION BRANDS REPORTS FIRST QUARTER FISCAL 2020 RESULTS.QTRLY COMPARABLE BASIS EPS $2.21.QTRLY REPORTED NET SALES $ 2,097 MILLION, UP 2%.SEES FY2020 EPS REPORTED BASIS $4.95 - $5.25.BEER BUSINESS CONTINUES TO TARGET 7 - 9% NET SALES AND OPERATING INCOME GROWTH FOR FISCAL 2020.CONSTELLATION BRANDS - INCREASES FISCAL 2020 OPERATING CASH FLOW TARGET TO ABOUT $2.1 BILLION AND FREE CASH FLOW PROJECTION TO $1.2 - $1.3 BILLION.SEES FY2020 COMPARABLE BASIS EPS ESTIMATE (EXCLUDING. CANOPY) $8.65 - $8.95.Q1 EARNINGS PER SHARE VIEW $2.04, REVENUE VIEW $2.07 BILLION -- REFINITIV IBES DATA.FY2020 EARNINGS PER SHARE VIEW $8.50 -- REFINITIV IBES DATA.CONSTELLATION- DUE TO WINE AND SPIRITS TRANSACTION, COST REDUCTION PLAN EXPECTED TO BE IMPLEMENTED FOR FISCAL 2020 AND 2021 TO ADDRESS STRANDED COSTS.SEES FY2020 CAPITAL EXPENDITURES $800 - $900 MILLION.DURING Q1, RECOGNIZED $72 MILLION OF CHARGES.CONSTELLATION BRANDS - WINE & SPIRITS BUSINESS NOW SEES FISCAL 2020 NET SALES AND OPERATING INCOME TO DECLINE 20 - 25% AND 25 - 30%, RESPECTIVELY.CONSTELLATION-$72 MILLION CHARGES IN Q1 IS DUE TO WINE AND SPIRITS BUSINESS, INCLUDE COSTS ASSOCIATED WITH CERTAIN WRITE-DOWNS OF EXCESS INVENTORY, OTHERS.EXCLUDING CANOPY GROWTH EQUITY LOSSES, COMPARABLE BASIS EPS OF $2.40 IN QUARTER.

Constellation Brands Reports Fourth Quarter 2019 Comparable EPS Of $1.84

Thursday, 4 Apr 2019

April 4 (Reuters) - Constellation Brands Inc ::CONSTELLATION BRANDS REPORTS FISCAL YEAR AND FOURTH QUARTER 2019 RESULTS AND FISCAL YEAR 2020 OUTLOOK.EXPECTS 2020 REPORTED BASIS EPS OF $8.47 - $8.77.QTRLY REPORTED EPS $6.37.QTRLY COMPARABLE EPS $1.84.QTRLY NET SALES $1,797.2 MILLION VERSUS $1,762.0 MILLION.CONSTELLATION BRANDS - EXPECTS 2020 COMPARABLE BASIS EPS OF $8.50 - $8.80.CONSTELLATION BRANDS - SEES 2020 BEER NET SALES AND OPERATING INCOME GROWTH OF 7% - 9%.SEES 2020 CAPITAL EXPENDITURES $800 - $900 MILLION.CONSTELLATION BRANDS - SEES 2020 WINE AND SPIRITS NET SALES DECLINE 25% - 30% AND OPERATING INCOME DECLINE 30% - 35%.EXPECT TO INCUR A RESTRUCTURING CHARGE FOR FIRST QUARTER FISCAL 2020 AFTER THE DEVELOPMENT OF THE COST REDUCTION PLAN.SEES 2020 FREE CASH FLOW $1.1 - $1.2 BILLION.Q4 EARNINGS PER SHARE VIEW $1.71, REVENUE VIEW $1.74 BILLION -- REFINITIV IBES DATA.QTRLY BEER NET SALES $1,090.1 MILLION, UP 9.3 PERCENT.CONSTELLATION BRANDS - AS A RESULT OF E. & J. GALLO WINERY DEAL, COST REDUCTION PLAN EXPECTED TO BE IMPLEMENTED FOR FISCAL 2020 AND 2021.FY2020 EARNINGS PER SHARE VIEW $9.48 -- REFINITIV IBES DATA.QTRLY WINE AND SPIRITS NET SALES $707.1 MILLION, DOWN 7.6 PERCENT.CONSTELLATION BRANDS - SEES 2020 CAPEX $800 MILLION - $900 MILLION.CONSTELLATION BRANDS - CORONA REFRESCA IS POSITIONED FOR NATIONWIDE LAUNCH BEGINNING FIRST QUARTER FISCAL 2020.

Campari Q1 Sales UP 2.2 Pct On Organic Basis

Tuesday, 8 May 2018

May 8 (Reuters) - Davide Campari Milano SpA ::SAYS Q1 SALES 336.0 MILLION EUROS VERSUS 341 MILLION EUROS REUTERS SMARTESTIMATE.SAYS Q1 SALES UP 2.2 PERCENT ON ORGANIC BASIS.Q1 GROUP PRE-TAX PROFIT OF EUR 76.5 MILLION, +42.7%.CEO SAYS LOOKING INTO 2018, OUR OUTLOOK REMAINS FAIRLY UNCHANGED.CEO SAYS WE REMAIN CONFIDENT IN ACHIEVING POSITIVE PERFORMANCE ACROSS KEY UNDERLYING BUSINESS INDICATORS IN 2018.Q1 GROUP PRE-TAX PROFIT BENEFITS FROM CAPITAL GAIN FROM THE DISPOSAL OF THE LEMONSODA BUSINESS.

Markets

  • Sectors
  • Europe
  • U.S.
  • Asia

Sector Summary