Constellation Brands Inc. (STZ, STZ_B) reported that its fourth-quarter net income declined to $81.7 million or $0.43 per share from $103.0 million or $0.51 per share in the same quarter last year.
Comparable net income for the quarter was $90.3 million or $0.47 per share, compared to $138.1 million or $0.69 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.45 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter rose to $695.9 million from $628.1 million in the prior year quarter. Nine analysts had consensus revenue estimate of $666.57 million for the quarter.
For fiscal 2014, the company expects comparable basis earnings per share of $2.55 - $2.85 and reported basis earnings per share of $2.29 - $2.59. Analysts expect the company to report earnings of $2.75 per share for fiscal 2014.
The outlook assume the beer business acquisition closes at the end of the first quarter fiscal 2014 and exclude acquisition accounting impacts.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.