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STZ
Benzinga
16 days

Beer Maker Constellation Brands' Q3 Sales Hit By Subdued Spending; Stock Slides

1. STZ's Q3 sales were $2.46 billion, below expectations. 2. Beer sales rose 3%, while Wine and Spirits dropped 14%. 3. Comparable EPS of $3.25 missed consensus of $3.31. 4. Guidance for FY25 net sales growth revised down to 2%-5%. 5. Quarterly cash dividend of $1.01 declared, payable on February 21.

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FAQ

Why Bearish?

Sales and EPS misses indicate weaker demand; similar past examples led to stock declines.

How important is it?

Sales and EPS misses directly affect investor sentiment and expectations for STZ's performance.

Why Short Term?

Immediate reaction expected as market digest recent earnings release, but may stabilize over time.

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