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News Breaks
April 9, 2014
11:01 EDTSTZConstellation Brands sees FY15 EBIT growth at or above sales growth
Says working on doubling size of Nava, Mexico brewery. Says overall beer operations continue to run smoothly, beer expansion project remains on time. Says needs to increase the capital required to complete the brewery expansion to $600M from $500M. Says plans to execute price increases for select products in FY15 for its wine and spirits business. The company says it plans to limit marketing expense to grow in line with net revenue. Says does not yet know the potential overall impact from California drought and says it's too early to call. Says could source wine from around the world if drought conditions persist. Expects to maintain overall market share and grow EBIT on at or above sales growth on an organic basis in FY15. Expects operating cash flow to pass $1B mark in FY15. Comments made during the company's Q4 earnings conference call.
News For STZ From The Last 14 Days
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October 2, 2014
08:14 EDTSTZConstellation Brands to host conference call
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07:37 EDTSTZConstellation Brands backs FY15 EPS view of $4.10-$4.25, consensus $4.25
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07:36 EDTSTZConstellation Brands reports Q2 EPS $1.11, consensus $1.15
Reports Q2 revenue $1.61B, consensus $1.64B.
07:20 EDTSTZConstellation sees FY16-18 annual beer volume growth of mid-single digit percent
Constellation Brands said, given its collective glass strategy activities, the company is targeting the following: Average annual beer volume growth assumption FY 2016 - FY 2018: Mid-single digit; Beer segment operating margin estimate FY 2018: Mid-30% range; consolidated free cash flow generation FY 2018: > $1B; Debt-to-comparable basis EBITDA ratio FY 2016: Below 4.0X. Constellation Brands beer segment total beer project capital expenditures are projected to be $1.925B-$2.275B over FY14 to FY18.
07:17 EDTSTZConstellation to buy assets from AB InBev as part of glass sourcing strategy
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October 1, 2014
15:16 EDTSTZConstellation Brands technical comments ahead of earnings
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15:10 EDTSTZNotable companies reporting before tomorrow's open
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September 29, 2014
14:49 EDTSTZConstellation Brands October volatility increases into Q2
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September 28, 2014
19:46 EDTSTZConstellation Brands looks expensive, Barron's says
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September 25, 2014
13:27 EDTSTZConstellation Brands October volatility increases into Q2
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