Constellation Brands Q1 Adj. EPS $3.22 Misses $3.31 Estimate, Sales $2.515B Miss $2.554B Estimate

Constellation Brands (NYSE:STZ) reported quarterly earnings of $3.22 per share which missed the analyst consensus estimate of $3.31 by 2.6 percent. This is a 9.8 percent decrease over earnings of $3.57 per share from the same period last year. The company reported quarterly sales of $2.515 billion which missed the analyst consensus estimate of $2.554 billion by 1.52 percent. This is a 5.52 percent decrease over sales of $2.662 billion the same period last year.