Constellation Brands, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended November 30, 2023
January 05, 2024 at 07:57 am EST
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Constellation Brands, Inc. reported earnings results for the third quarter and nine months ended November 30, 2023. For the third quarter, the company reported sales was USD 2,658.2 million compared to USD 2,624.6 million a year ago. Revenue was USD 2,470.9 million compared to USD 2,436.5 million a year ago. Net income was USD 509.1 million compared to USD 467.7 million a year ago. Basic earnings per share from continuing operations was USD 2.77. Diluted earnings per share from continuing operations was USD 2.76.
For the nine months, sales was USD 8,410.7 million compared to USD 8,029.6 million a year ago. Revenue was USD 7,822.6 million compared to USD 7,454.8 million a year ago. Net income was USD 1,335 million compared to net loss of USD 294 million a year ago. Basic earnings per share from continuing operations was USD 7.28. Diluted earnings per share from continuing operations was USD 7.25.
Constellation Brands, Inc. is one of the leading American producers of wines, spirits and beers. Net sales (before intra-group eliminations) break down by family of products as follows:
- beer (76.2%): Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico and Victoria brands;
- wines (17.6%): Robert Mondavi, Simi, Mark Xest, Kim Crawford, Estancia, Clos du Bois, Black Box brands, etc.;
- spirits (2.7%): Svedka Vodka, Casa Noble and High West brands;
- other (3.5%).
The United States account for 97.3% of net sales.
CONSTELLATION BRANDS, INC. 
