Constellation Brands, Inc. (NYSE: STZ) reported fourth quarter 2023 earnings results today.
Net sales declined 5% year-over-year to $1.99 billion, missing estimates.
![](https://cdn.news.alphastreet.com/wp-content/uploads/2023/04/Constellation-Brands-Q4-2023-Earnings-Infographic-627x1024.jpg)
Net income attributable to CBI fell 44% to $223 million, or $1.21 per share, compared to last year. Comparable EPS dropped 16% to $1.98 but surpassed projections.
For fiscal year 2024, Constellation expects comparable EPS, excluding Canopy, to range between $11.70-12.00.
Prior performance
![Constellation Brands Q3 2023 earnings infographic](https://cdn.news.alphastreet.com/wp-content/uploads/2023/01/Constellation-Brands-Q3-2023-earnings-infographic-627x1024.jpg)