Constellation Brands said it reported net sales of $9,961.8 million, operating income of $3,169.7 million and diluted EPS of $9.39 for fiscal 2024, which ended February 29, 2024, with comparable EPS of $12.06.

1. 01

   Constellation Brands said it reported net sales of $9,961.8 million, operating income of $3,169.7 million and diluted EPS of $9.39 for fiscal 2024, which ended February 29, 2024, with comparable EPS of $12.06.

2. 02

   The company said annual net sales in its Beer Business rose 9% to $8,162.6 million, and operating income rose 8% to $3,094.4 million. Operating margin fell 40 basis points to 37.9%.

3. 03

   The company said annual operating cash flow rose 1% to $2.8 billion, while free cash flow fell 12% to $1.5 billion. It cited investments in brewery capacity as the reason for the decline in free cash flow.

4. 04

   The company said it provided its fiscal 2025 reported EPS outlook of $13.40 to $13.70 and comparable EPS outlook of $13.50 to $13.80. Its operating cash flow target is $2.8 to $3.0 billion, and its free cash flow projection is $1.4 to $1.5 billion.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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