Constellation Brands Reports Fiscal Year and Fourth Quarter 2022 Financial Results and Fiscal Year 2023 Outlook

Rhea-AI Summary

Constellation Brands (NYSE: STZ, STZ.B) reported its fiscal year 2022 results, highlighting strong performance and a positive outlook for fiscal year 2023. Key metrics included a solid increase in revenue and robust growth in premium beer and wine segments. The company continues to expand its market presence internationally, emphasizing its commitment to innovation and brand development. A conference call was held on April 7, 2022, to discuss these results in detail and outline future strategies.

Positive

• Strong fiscal year 2022 performance with increased revenue.
• Continued expansion in premium beer and wine segments.
• Positive guidance for fiscal year 2023.

Negative

• None.

VICTOR, N.Y., April 07, 2022 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, reported today its fiscal year and fourth quarter 2022 financial results and fiscal year 2023 outlook. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer Bill Newlands and Chief Financial Officer Garth Hankinson on Thursday, April 7, 2022 at 10:30 a.m. (EDT). Visit ir.cbrands.com to locate information for joining the conference call, or a live, listen-only webcast of the conference call.

ABOUT CONSTELLATION BRANDS

At Constellation Brands (NYSE: STZ and STZ.B), our mission is to build brands that people love because we believe sharing a toast, unwinding after a day, celebrating milestones, and helping people connect, are Worth Reaching For. It’s worth our dedication, hard work, and the bold calculated risks we take to deliver more for our consumers, trade partners, shareholders, and communities in which we live and work. It’s what has made us one of the fastest-growing large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what’s next.

Today, we are a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Every day, people reach for our high-end, iconic imported beer brands such as Corona Extra, Corona Light, Corona Premier, Modelo Especial, Modelo Negra, and Pacifico, our fine wine and craft spirits brands, including The Prisoner Wine Company, Robert Mondavi Winery, Casa Noble Tequila, and High West Whiskey, and our premium wine brands such as Meiomi and Kim Crawford.

But we won’t stop here. Our visionary leadership team and passionate employees from barrel room to boardroom are reaching for the next level, to explore the boundaries of the beverage alcohol industry and beyond. Join us in discovering what’s Worth Reaching For.

To learn more, follow us on Twitter @cbrands and visit www.cbrands.com.

MEDIA CONTACTS	INVESTOR RELATIONS CONTACTS
Mike McGrew 773-251-4934 / michael.mcgrew@cbrands.com Amy Martin 585-678-7141 / amy.martin@cbrands.com	Patty Yahn-Urlaub 585-678-7483 / patty.yahn-urlaub@cbrands.com

A PDF containing our Fiscal Year and Fourth Quarter 2022 Financial Results and Fiscal Year 2023 Outlook and full financial tables is available at:
http://ml.globenewswire.com/Resource/Download/94ea6606-c001-4b55-be74-6f5412735102

FAQ

What were Constellation Brands' fiscal year 2022 results?

Constellation Brands reported strong revenue growth and positive performance in its premium beer and wine segments for fiscal year 2022.

What is the outlook for Constellation Brands in fiscal year 2023?

The company provided a positive outlook, indicating continued growth and market expansion for fiscal year 2023.

When was the conference call for Constellation Brands' financial results?

The conference call was held on April 7, 2022, at 10:30 a.m. EDT.