星座品牌公司（NYSE:STZ) 股價下跌，原因是公司報告的第三季度銷售額幾乎持平，爲24.6億美元，低於分析師普遍預期的25.3億美元。 啤酒部門的淨銷售額同比增長3%，達到20.3億美元，而葡萄酒和烈酒的銷售額下降了14%，至4.314億美元。啤酒的發貨量增長了1.6%，而葡萄酒和烈酒的發貨量則下降了16.4%。 毛利潤增長了1%，達到12.8億美元，而營業收入下降了0.4%，至7.93億美元。本季度的營業利潤率爲32.2%。 可比每股收益（EPS）爲3.25美元，低於分析師普遍預期的3.31美元。 年初至今，公司創造了26億美元的經營現金流，同比增長9%，自由現金流爲16億美元，增長了13%。 截至2024年11月30日，星座品牌公司季度末現金及等價物爲7370萬美元。 星座品牌公司的董事會宣佈季度現金股息爲每股1.01美元，將在2月21日支付給截至2月7日登記在冊的股東。 總統兼首席執行官比爾·紐蘭茲表示：“儘管我們繼續面臨第二季度出現的法定飲酒年齡消費者的支出減少和價值尋求行爲，但我們的啤酒業務在第三季度實現了消耗量增長率的環比增長。” 展望：星座品牌公司將2025財年的淨銷售額增長預期從4%-6%下調至2%-5%。也是將可比EPS指引從13.60 - 13.80美元下調至13.40 - 13.80美元，分析師預期爲13.71美元。 星座品牌公司目前預計經營現金流爲29億至31億美元，自由現金流爲16億至18億美元。 價格走勢：在上週五盤前的最後檢查中，STZ股價下跌了4.46%，至209.50美元。 圖片來源：T. Schneider via Shutterstock

以上內容來自Benzinga Earnings專欄，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