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Distillers & Wineries

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Constellation Brands Reports Quarterly Loss of $1.30 Per Share

Friday, 28 Jun 2019 07:57am EDT

June 28 (Reuters) - Constellation Brands Inc ::QTRLY REPORTED LOSS PER SHARE OF $1.30 .CONSTELLATION BRANDS REPORTS FIRST QUARTER FISCAL 2020 RESULTS.QTRLY COMPARABLE BASIS EPS $2.21.QTRLY REPORTED NET SALES $ 2,097 MILLION, UP 2%.SEES FY2020 EPS REPORTED BASIS $4.95 - $5.25.BEER BUSINESS CONTINUES TO TARGET 7 - 9% NET SALES AND OPERATING INCOME GROWTH FOR FISCAL 2020.CONSTELLATION BRANDS - INCREASES FISCAL 2020 OPERATING CASH FLOW TARGET TO ABOUT $2.1 BILLION AND FREE CASH FLOW PROJECTION TO $1.2 - $1.3 BILLION.SEES FY2020 COMPARABLE BASIS EPS ESTIMATE (EXCLUDING. CANOPY) $8.65 - $8.95.Q1 EARNINGS PER SHARE VIEW $2.04, REVENUE VIEW $2.07 BILLION -- REFINITIV IBES DATA.FY2020 EARNINGS PER SHARE VIEW $8.50 -- REFINITIV IBES DATA.CONSTELLATION- DUE TO WINE AND SPIRITS TRANSACTION, COST REDUCTION PLAN EXPECTED TO BE IMPLEMENTED FOR FISCAL 2020 AND 2021 TO ADDRESS STRANDED COSTS.SEES FY2020 CAPITAL EXPENDITURES $800 - $900 MILLION.DURING Q1, RECOGNIZED $72 MILLION OF CHARGES.CONSTELLATION BRANDS - WINE & SPIRITS BUSINESS NOW SEES FISCAL 2020 NET SALES AND OPERATING INCOME TO DECLINE 20 - 25% AND 25 - 30%, RESPECTIVELY.CONSTELLATION-$72 MILLION CHARGES IN Q1 IS DUE TO WINE AND SPIRITS BUSINESS, INCLUDE COSTS ASSOCIATED WITH CERTAIN WRITE-DOWNS OF EXCESS INVENTORY, OTHERS.EXCLUDING CANOPY GROWTH EQUITY LOSSES, COMPARABLE BASIS EPS OF $2.40 IN QUARTER.

Constellation Brands Reports Fourth Quarter 2019 Comparable EPS Of $1.84

Thursday, 4 Apr 2019 07:30am EDT

April 4 (Reuters) - Constellation Brands Inc ::CONSTELLATION BRANDS REPORTS FISCAL YEAR AND FOURTH QUARTER 2019 RESULTS AND FISCAL YEAR 2020 OUTLOOK.EXPECTS 2020 REPORTED BASIS EPS OF $8.47 - $8.77.QTRLY REPORTED EPS $6.37.QTRLY COMPARABLE EPS $1.84.QTRLY NET SALES $1,797.2 MILLION VERSUS $1,762.0 MILLION.CONSTELLATION BRANDS - EXPECTS 2020 COMPARABLE BASIS EPS OF $8.50 - $8.80.CONSTELLATION BRANDS - SEES 2020 BEER NET SALES AND OPERATING INCOME GROWTH OF 7% - 9%.SEES 2020 CAPITAL EXPENDITURES $800 - $900 MILLION.CONSTELLATION BRANDS - SEES 2020 WINE AND SPIRITS NET SALES DECLINE 25% - 30% AND OPERATING INCOME DECLINE 30% - 35%.EXPECT TO INCUR A RESTRUCTURING CHARGE FOR FIRST QUARTER FISCAL 2020 AFTER THE DEVELOPMENT OF THE COST REDUCTION PLAN.SEES 2020 FREE CASH FLOW $1.1 - $1.2 BILLION.Q4 EARNINGS PER SHARE VIEW $1.71, REVENUE VIEW $1.74 BILLION -- REFINITIV IBES DATA.QTRLY BEER NET SALES $1,090.1 MILLION, UP 9.3 PERCENT.CONSTELLATION BRANDS - AS A RESULT OF E. & J. GALLO WINERY DEAL, COST REDUCTION PLAN EXPECTED TO BE IMPLEMENTED FOR FISCAL 2020 AND 2021.FY2020 EARNINGS PER SHARE VIEW $9.48 -- REFINITIV IBES DATA.QTRLY WINE AND SPIRITS NET SALES $707.1 MILLION, DOWN 7.6 PERCENT.CONSTELLATION BRANDS - SEES 2020 CAPEX $800 MILLION - $900 MILLION.CONSTELLATION BRANDS - CORONA REFRESCA IS POSITIONED FOR NATIONWIDE LAUNCH BEGINNING FIRST QUARTER FISCAL 2020.

Campari Q1 Sales UP 2.2 Pct On Organic Basis

Tuesday, 8 May 2018 05:18am EDT

May 8 (Reuters) - Davide Campari Milano SpA ::SAYS Q1 SALES 336.0 MILLION EUROS VERSUS 341 MILLION EUROS REUTERS SMARTESTIMATE.SAYS Q1 SALES UP 2.2 PERCENT ON ORGANIC BASIS.Q1 GROUP PRE-TAX PROFIT OF EUR 76.5 MILLION, +42.7%.CEO SAYS LOOKING INTO 2018, OUR OUTLOOK REMAINS FAIRLY UNCHANGED.CEO SAYS WE REMAIN CONFIDENT IN ACHIEVING POSITIVE PERFORMANCE ACROSS KEY UNDERLYING BUSINESS INDICATORS IN 2018.Q1 GROUP PRE-TAX PROFIT BENEFITS FROM CAPITAL GAIN FROM THE DISPOSAL OF THE LEMONSODA BUSINESS.

India's United Spirits Sept-qtr profit rises about 86 pct

Thursday, 26 Oct 2017 07:44am EDT

Oct 26 (Reuters) - United Spirits Ltd :Sept quarter profit 1.53 billion rupees versus profit of 825 million rupees last year.Consensus forecast for sept quarter net profit was 883.3 million rupees.Sept quarter revenue from operations 62.15 billion rupees versus 60.17 billion rupees last year.Expect impact of highway ban to continue to decrease and business to normalize by end of Q3.Expect net adverse impact of GST on co's margins to be moderate in this FY.

Constellation Brands qtrly reported share of $2.48

Thursday, 5 Oct 2017 08:10am EDT

Oct 5 (Reuters) - Constellation Brands Inc ::Constellation Brands reports second quarter fiscal 2018 results.Achieves qtrly reported basis EPS of $2.48 and qtrly comparable basis EPS of $2.47‍​.Increases FY18 EPS guidance.Affirms fiscal 2018 operating cash flow target of approximately $2.0 billion‍​.Increases fiscal 2018 reported basis EPS outlook to $7.90 - $8.05 ‍​.Increases fiscal 2018 comparable basis EPS outlook to $8.25 - $8.40‍​.Constellation Brands Inc qtrly reported net sales $2,085 million, up 3 pct‍​.For fiscal 2018 the beer business continues to target net sales growth in the range of 9 - 11 percent.Q2 earnings per share view $2.16, revenue view $2.06 billion -- Thomson Reuters I/B/E/S.FY2018 earnings per share view $8.18, revenue view $7.62 billion -- Thomson Reuters I/B/E/S.For fiscal 2018, beer business continues to target net sales growth in the range of 9 - 11 percent.Sees for fiscal 2018 capital expenditures of $1.175 billion to $1.275 billion.For fiscal 2018 for the wine and spirits business, co continues to expect net sales to decrease in the range of 4 - 6 percent.For fiscal 2018 for the wine and spirits business, co continues to expect operating income to be flat.For 2018, operating income growth now targeted in range of 17 - 19 percent for beer business .

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