星座品牌公司（NYSE:STZ) 股价下跌，原因是公司报告的第三季度销售额几乎持平，为24.6亿美元，低于分析师普遍预期的25.3亿美元。 啤酒部门的净销售额同比增长3%，达到20.3亿美元，而葡萄酒和烈酒的销售额下降了14%，至4.314亿美元。啤酒的发货量增长了1.6%，而葡萄酒和烈酒的发货量则下降了16.4%。 毛利润增长了1%，达到12.8亿美元，而营业收入下降了0.4%，至7.93亿美元。本季度的营业利润率为32.2%。 可比每股收益（EPS）为3.25美元，低于分析师普遍预期的3.31美元。 年初至今，公司创造了26亿美元的经营现金流，同比增长9%，自由现金流为16亿美元，增长了13%。 截至2024年11月30日，星座品牌公司季度末现金及等价物为7370万美元。 星座品牌公司的董事会宣布季度现金股息为每股1.01美元，将在2月21日支付给截至2月7日登记在册的股东。 总统兼首席执行官比尔·纽兰兹表示：“尽管我们继续面临第二季度出现的法定饮酒年龄消费者的支出减少和价值寻求行为，但我们的啤酒业务在第三季度实现了消耗量增长率的环比增长。” 展望：星座品牌公司将2025财年的净销售额增长预期从4%-6%下调至2%-5%。也是将可比EPS指引从13.60 - 13.80美元下调至13.40 - 13.80美元，分析师预期为13.71美元。 星座品牌公司目前预计经营现金流为29亿至31亿美元，自由现金流为16亿至18亿美元。 价格走势：在上周五盘前的最后检查中，STZ股价下跌了4.46%，至209.50美元。 图片来源：T. Schneider via Shutterstock

以上内容来自Benzinga Earnings专栏，原文如下：

Constellation Brands Inc (NYSE:STZ) shares are trading lower after the company reported nearly flat third-quarter sales of $2.46 billion, missing the analyst consensus estimate of $2.53 billion.

Net sales for the Beer segment increased 3% Y/Y to $2.03 billion, and Wine and Spirits declined 14% to $431.4 million. Shipment volume for Beer climbed 1.6%, while Wine and Spirits declined 16.4%.

Gross profit increased 1% to $1.28 billion, and the operating income slid 0.4% to $793 million. The operating margin for the quarter was 32.2%.

Comparable EPS of $3.25 missed the analyst consensus estimate of $3.31.

The company generated year-to-date operating cash flow of $2.6 billion, a 9% increase, and free cash flow of $1.6 billion, a 13% growth.

Constellation Brands ended the quarter with $73.7 million in cash and equivalents as of November 30, 2024.

Constellation’s board declared a quarterly cash dividend of $1.01 per share, payable on February 21, to stockholders of record on February 7.

“While we continue to face the subdued spend and value seeking behaviors that emerged among legal drinking age consumers in Q2, our Beer Business delivered a sequential increase in our depletions growth rate in Q3,” said President and CEO Bill Newlands.

Guidance: Constellation Brands lowered FY25 net sales growth outlook to 2% – 5% from 4% – 6%. It also lowered Comparable EPS guidance to $13.40 – $13.80 from $13.60 – $13.80 against an estimate of $13.71.

Constellation Brands currently sees an operating cash flow of $2.9 billion – $3.1 billion and a free cash flow of $1.6 billion – $1.8 billion.

Price Action: STZ shares are trading lower by 4.46% at $209.50 in premarket on the last check Friday.

Photo: T. Schneider via Shutterstock