Constellation Brands, Inc. (STZ), on Wednesday, reported fourth-quarter net income of $201.8 million or $1.16 per share, compared to a net loss of $375.3 million or $2.09 per share last year.
Comparable earnings per share for the quarter were $1.90, compared to $2.63 last year.
Net sales for the quarter were $1.920 billion, compared to $2.164 billion last year.
Looking forward to fiscal 2027, the company expects reported earnings per share of $11.10 - $11.80 and comparable earnings per share of $11.20 - $11.90, as well as an operating cash flow target of $2.4 - $2.5 billion and a free cash flow target of $1.6 - 1.7 billion.
Constellation's board of directors declared a quarterly cash dividend of $1.03 per share of Class A Common Stock payable on May 14, 2026, to stockholders of record as of the close of business on April 29, 2026.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.