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Constellation Brands Net Sales Rise 5% to $9.96 Billion, Driven by 9% Beer Growth

STZ10-KFiling Date: 4/23/2024
Constellation Brands, Inc.
Description

What this story covers

Constellation Brands' 10-K shows 5 percent net sales growth to 9 point 96 billion dollars in Fiscal Year 2024, led by Beer's 9 percent rise amid strong Modelo/Corona demand. Wine/Spirits down 9 percent from market softness. Operating income up 11 percent to 3 point 17 billion dollars; EPS 9 point 39 dollars. Investments impaired, debt at 11 point 9 billion dollars, liquidity solid with 2 point 78 billion dollars ops cash. Focus on premiumization, Mexico expansions, ESG.

Story snapshot

CompanyConstellation Brands, Inc.
TickerSTZ
VariantStandard detailed
Duration26:38
Filing type10-K
PeriodAnnual 2024
IndustryConsumer Goods
Accession0000016918-24-000054

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