Constellation Brands Q2 Earnings Beat Estimates, Key Brand Volume Declines
STZ Constellation Brands Inc
$118.39 +2.35%
View chart & analysis → - 1Constellation Brands reported comparable earnings per share of $3.74 for the fiscal second quarter ended August 31.
- 2Constellation Brands achieved net sales of $2.63 billion for the fiscal second quarter ended August 31.
- 3Constellation Brands paid $75 million to acquire SpikedAde.
So what's the key point?
Constellation Brands earned more money than experts expected. However, sales of key products decreased and the company spent $75 million to buy SpikedAde.
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