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Shares of Constellation Brands, Inc. (STZ) fell 1% in extended trading on Wednesday after the company’s guidance for fiscal year 2027 (FY27) disappointed investors.
The company now sees comparable FY27 earnings per share of $11.20-$11.90, below Wall Street estimates of $12.36, according to data from Fiscal.ai.
“Looking ahead to fiscal 2027, while we are encouraged by the momentum displayed during the fourth quarter across our Beer and Wine & Spirits businesses, we expect the operating environment to remain dynamic given the evolving socioeconomic backdrop and limited near-term visibility,” the company said.
For Q4, the company reported earnings per share of $1.16, compared to the loss of $2.09 reported in the corresponding quarter of last year, but below an analyst estimate of $1.7. Revenue for the quarter came in at $2.05 billion, above an estimated $1.86 billion.
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