NYSE$STZ
Constellation Brands Inc · Q4 2024 earnings
Q4 2024 earnings · · Investor relations
Briefing
Constellation Brands' Q4 performance was marked by solid growth in the beer business and strategic progress in the wine and spirits segment.
Constellation Brands reported a solid Q4 performance, driven by the beer business's continued growth momentum and strategic initiatives in the wine and spirits segment. The company achieved significant increases in net sales and operating income, reflecting strong demand for its high-end beer brands and effective cost management.
- Achieved strong fiscal 2024 net sales and operating income growth in the Beer Business, driven by volume growth and share gains.
- Wine and Spirits Business delivered results aligned with lowered fiscal 2024 outlook.
- Generated strong operating cash flow, enabling continued capital allocation priorities.
- Provided fiscal 2025 reported EPS outlook of $13.40 - $13.70 and comparable EPS outlook of $13.50 - $13.80.
Headline financials
Revenue & EPS history
Constellation Brands · Revenue · Quarterly
$2.14B
Revenue by segment
Constellation Brands · $2.43B total across 2 segments · Q1 2027
- Beer$2.28B—93.9%
- Wine and Spirits$149M—6.1%
Forward guidance
Constellation Brands provided its fiscal year 2025 outlook, including enterprise net sales growth of 6-7%, reported EPS of $13.40-$13.70, comparable EPS of $13.50-$13.80, operating cash flow of $2.8-$3.0 billion, and free cash flow of $1.4-$1.5 billion.
Tailwinds
- Enterprise net sales growth of 6 - 7%.
- Beer net sales growth of 7 - 9%.
- Enterprise operating income growth: reported of 10% - 12% and comparable of 8 - 10%.
- Beer: operating income growth of 10 - 12%.
- Operating cash flow: $2.8 - $3.0 billion.
Headwinds
- Wine and Spirits: net sales decline of 0.5% to growth of 0.5%.
- Wine and Spirits: operating income decline of 9 - 11%.
- Corporate expense: $260 million.
- Interest expense: $445 - $455 million.
- Free cash flow: $1.4 - $1.5 billion.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2024
+0.4%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+1.0%
Avg return
30 days after
55%
36 / 65 earnings
Positive
+10.8%
Q3 2014
Best reaction
-16.8%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | — | — | — | |
| Q4 2026 | -0.1% | +9.5% | -1.6% | |
| Q3 2026 | +2.5% | +5.7% | +11.1% | |
| Q2 2026 | +1.1% | +1.9% | -7.8% | |
| Q1 2026 | +1.3% | +1.2% | +1.3% | |
| Q4 2025 | +0.7% | +0.3% | +3.6% | |
| Q3 2025 | -16.8% | -14.9% | -22.7% | |
| Q2 2025 | -0.8% | -4.3% | -9.8% | |
| Q1 2025 | -2.3% | +1.1% | -4.3% | |
| Q4 2024 | +2.0% | -1.7% | -0.4% | |
| Q3 2024 | +2.5% | +5.0% | +3.8% | |
| Q2 2024 | -2.8% | -5.3% | -2.7% | |
| Q1 2024 | -0.3% | +0.3% | +10.4% | |
| Q4 2023 | +2.9% | +2.9% | +2.4% | |
| Q3 2023 | -8.3% | -5.3% | +1.4% | |
| Q2 2023 | -2.1% | -6.8% | +3.1% | |
| Q1 2023 | -5.1% | -4.1% | +0.3% | |
| Q4 2022 | +5.3% | +7.5% | +7.4% | |
| Q3 2022 | -3.9% | -3.0% | -6.8% | |
| Q2 2022 | -0.7% | +3.1% | +3.0% | |
| Q1 2022 | +2.0% | +0.9% | -2.1% | |
| Q4 2021 | -5.1% | -4.2% | +2.0% | |
| Q3 2021 | +5.5% | +4.6% | +5.1% | |
| Q2 2021 | -1.6% | -2.1% | -11.9% | |
| Q1 2021 | +6.7% | +6.7% | +3.8% | |
| Q4 2020 | -3.4% | +9.3% | +18.0% | |
| Q3 2020 | -0.1% | -1.1% | +4.9% | |
| Q2 2020 | -6.3% | -8.4% | -7.6% | |
| Q1 2020 | +4.2% | +6.2% | +8.3% | |
| Q4 2019 | +7.6% | +6.2% | +17.6% | |
| Q3 2019 | -7.2% | -6.7% | +1.7% | |
| Q2 2019 | +5.9% | +7.4% | -4.5% | |
| Q1 2019 | -7.1% | -7.5% | -7.9% | |
| Q4 2018 | +3.5% | +2.1% | +6.2% | |
| Q3 2018 | -4.0% | -2.8% | -4.4% | |
| Q2 2018 | +4.4% | +3.4% | +7.3% | |
| Q1 2018 | +5.5% | +4.4% | +5.9% | |
| Q4 2017 | +5.6% | +5.5% | +10.6% | |
| Q3 2017 | -5.4% | -5.5% | -5.6% | |
| Q2 2017 | +3.1% | +3.2% | -3.8% | |
| Q1 2017 | +2.6% | +4.1% | +3.3% | |
| Q4 2016 | +4.0% | — | — | |
| Q3 2016 | +2.7% | — | — | |
| Q2 2016 | +4.1% | — | — | |
| Q1 2016 | +0.9% | — | — | |
| Q4 2015 | +2.1% | — | — | |
| Q3 2015 | +4.2% | — | — | |
| Q2 2015 | +1.9% | — | — | |
| Q1 2015 | +3.1% | — | — | |
| Q4 2014 | -1.7% | — | — | |
| Q3 2014 | +10.8% | — | — | |
| Q2 2014 | +6.4% | — | — | |
| Q1 2014 | -5.1% | — | — | |
| Q4 2013 | +1.6% | — | — | |
| Q3 2013 | -1.1% | — | — | |
| Q2 2013 | +1.2% | — | — | |
| Q1 2013 | -0.4% | — | — | |
| Q4 2012 | -0.3% | — | — | |
| Q3 2012 | +5.3% | — | — | |
| Q2 2012 | -2.7% | — | — | |
| Q1 2012 | -3.4% | — | — | |
| Q4 2011 | +0.8% | — | — | |
| Q3 2010 | -1.3% | — | — | |
| Q2 2010 | -0.2% | — | — | |
| Q1 2010 | +1.8% | — | — | |
| Q4 2009 | +0.4% | — | — |
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