Constellation Brands (NYSE:STZ) reported its Q4 results last week, with EPS of $1.98 beating the Street estimate of $1.84. Revenue was $2 billion (down 5% year-over-year), roughly in line with the Street estimate of $2.01 billion. Wine and Spirits shipments dropped 22.1% year-over-year.
The company provided its outlook for the full 2024 year, expecting EPS to be in the range of $11.70-$12.00, better than the Street estimate of $11.68.
Furthermore, the company hiked its quarterly dividend by 11% to $0.89 per share.
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