CORRECTION: Constellation Brands Reaffirms FY25 EPS Outlook Of $13.60-$13.80 Vs. $13.69 Estimate; Projects Enterprise Net Sales Growth Of 4%-6%
Portfolio Pulse from Mohit Manghnani
Constellation Brands has reaffirmed its FY25 EPS outlook of $13.60-$13.80, slightly below the $13.69 estimate, and projects enterprise net sales growth of 4%-6%, down from the prior view of 6%-7%.
October 03, 2024 | 1:36 pm
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Constellation Brands reaffirmed its FY25 EPS outlook of $13.60-$13.80, slightly below the $13.69 estimate, and revised its net sales growth projection to 4%-6% from 6%-7%.
The reaffirmation of the EPS outlook slightly below the estimate and the downward revision of net sales growth could be perceived negatively by investors, potentially leading to a short-term decline in stock price.
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