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Constellation Brands' (STZ) Q1 results reflect continued volume growth in the beer business and gains from improved operating margin expansion.

Constellation Brands (STZ) on Wednesday reported a big jump in first-quarter profit and lifted its full-year guidance on higher beer sales, but wine and spirits sales fell.

Constellation Brands Inc (NYSE:STZ) reported a larger than expected profit for the first quarter fiscal 2025 financial results driven by strength in its beer business. The alcohol producer and marketer behind more than 100 brands including Corona, Modelo Especial, Kim Crawford and Meiomi posted earnings per share (EPS) were $3.57, up 17% year-over-year and ahead of the $3.46 consensus.

Corona beer maker Constellation Brands on Wednesday beat Wall Street estimates for first-quarter profit, helped by strong demand for its core beer brands, which offset the sluggish wines and spirits business.

ROCHESTER, N.Y., July 03, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, reported today its first quarter fiscal 2025 financial results. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Chief Financial Officer, Garth Hankinson, on Wednesday, July 3, 2024 at 10:30 a.m. EDT. Visit ir.cbrands.com to locate information for joining the conference call, or a live, listen-only webcast of the conference call.

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Constellation Brands, Inc. STZ will release earnings results for its first quarter, before the opening bell on Wednesday.

Although the Independence Day holiday on Thursday shortens the trading week, the Friday release of the U.S. jobs report gives investors significant data to close the week. Before that, Federal Reserve Chair Jerome Powell will make comments at an international conference, followed by the release of the minutes from the Fed's June meeting.

Constellation Brands' (STZ) Q1 results are likely to reflect gains from a strong beer portfolio, growth in Power Brands and premiumization. Inflationary costs are expected to have weighed on margins.

Evaluate the expected performance of Constellation Brands (STZ) for the quarter ended May 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.