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Q4/2024

Generated By Getagraph.com: 2024-02-29

Constellation Brands Inc [STZ] 0.91% $ 260.70
Giełda: NYSE Sektor: Consumer Defensive Branża: Beverages - Wineries & Distilleries

Constellation Brands Inc Comprehensive Financial Report for Fiscal Year 2024

Executive Summary

Constellation Brands Inc (NYSE: STZ), a leading player in the Consumer Defensive sector, specifically under Beverages - Wineries & Distilleries, has exhibited strong financial and operational performance for Fiscal Year 2024. This comprehensive report provides an analytical overview of the financial outcomes, compares key financial metrics with industry peers, and outlines performance across business segments, capital management, and strategic initiatives.

Financial Performance Overview

For FY 2024, Constellation Brands reported significant revenue of $9.96B and a gross profit of $5.02B, reflecting a gross margin of 50.37%. Operational income was a robust $3.17B, leading to an operating margin of 31.82%. Despite challenges in the Wine & Spirits segment, the company achieved a net income of $1.73B, corresponding to a net margin of 17.34%. Efficient capital management resulted in an operating cash flow of $2.78B and a free cash flow of $1.51B.

Market and Financial Ratios Comparison

Constellation Brands maintains a leading position in its industry, evidenced by top trailing twelve-month (TTM) ratios such as a gross margin of 50.37%, well above the peers' average of 31.05%, and an operating margin of 31.82% compared to an industry average of -39.88%. Significantly, its return on equity (ROE) of 18.58% is competitive against an industry average of -43.05%.

Segment Performance

The fiscal year featured excellent performance, particularly from the Beer segment, where net sales rose by over 9%. Modelo Especial's growth as the leading beer brand in US dollar sales was a key highlight, contributing significantly to a two-point gain in dollar share within the US beer market. In contrast, the Wine & Spirits segment faced challenges, prompting strategic refocus on key brands to stabilize and boost future profitability.

Capital Allocation and Future Outlook

The company's disciplined capital management is evident from significant investments of nearly $1.3B, primarily for capacity expansion in the Beer segment. Strategic financial management facilitated reducing the net leverage ratio while returning over $900M to shareholders via dividends and repurchases. For FY 2025, Constellation Brands anticipates continuing strong growth trajectories, particularly in the Beer business, and further enhancing operational efficiencies across its segments.

Detailed Financial Metrics and Link to Full Reports

Please refer to the detailed EDGAR filings for a comprehensive account and datasets: Access full filing report.

Revenues Q4 - 2024

Revenue Gross Profit Operating Expenses Interest Expense EBITDA Net Income EPS
$2.14B $1.01B" $382.00M $102.40M $737.30M $392.40M $2.15

Balance Q4 - 2024

Net IncomeDepreciation and AmortizationStock Based CompensationChange in Working CapitalNet Cash Provided by Operating ActivitiesCapital ExpenditureFree Cash Flow
$392.40M$106.40M$14.10M$-292.60M$433.20M$-357.20M$76.00M

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