Constellation Brands Stock Surges on Strong Q4 Earnings and Optimistic 2025 Forecast
The beverage giant's shares climbed following a quarterly report that exceeded expectations, driven by robust beer sales and an upbeat revenue outlook for the next fiscal year.
- Constellation Brands reported a significant earnings beat for Q4, with revenues reaching $2.3 billion, surpassing analyst expectations.
- Modelo Especial has become the top-selling beer in the U.S., contributing to sustained growth in the company's beer segment.
- Despite strong beer sales, Constellation's wine and spirits segment continued to struggle with declining sales.
- The company raised its fiscal 2025 earnings forecast to between $13.50 and $13.80 per share, indicating confidence in continued growth.
- Constellation also announced a 13% increase in its quarterly dividend, reflecting its strong financial performance and optimistic future outlook.
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