Constellation Brands Inc (STZ) announced an increase in profit for the third quarter compared to the previous year. The company's net income rose to $615.9 million, equivalent to $3.39 per share, up from $509.1 million, or $2.76 per share, in the same period last year.
When excluding certain items, Constellation Brands Inc reported an adjusted earnings figure of $590.9 million, or $3.25 per share, for the quarter.
The company's revenue experienced a slight decline of 0.5%, dropping to $2.644 billion from $2.658 billion in the prior year.
Highlights from Constellation Brands Inc's third-quarter results (GAAP) include:
- Net Income: $615.9 million, compared to $509.1 million last year.
- Earnings per Share (EPS): $3.39, compared to $2.76 last year.
- Revenue: $2.644 billion, compared to $2.658 billion last year.
**Outlook:** The full-year EPS is projected to be between $13.40 and $13.80.
