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What Constellation Brands' Earnings Mean for Mutual Fund Investors

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Constellation Brands reported significantly lower second quarter net income on Thursday, which came in below analysts’ estimates. The company reported higher revenues, but failed to meet expectations.

Inside Constellation Brands’ Results

Net Income

The company reported Q2 net income of $195.8 million, or 98 cents per share, down from $1.52 billion, or $7.74 per share, in the same quarter last year. For the company’s Class B stock, EPS was 90 cents per share, compared to $7.11 per share a year ago.

The company noted that the significant decline in earnings was due to a higher tax rate and a beer recall. In addition, last year’s earnings included a non-cash $1.6 billion gain. Excluding these items, earnings were $222 million, or $1.11 per share, compared to $188.7 million, or 96 cents per share, a year ago. Analysts expected to see adjusted earnings of $1.15 per share.

Revenue
Sales grew 10% to $1.60 billion from $1.46 billion a year ago. Analysts expected to see $1.64 billion in revenue.

Outlook
The company has cut its forecast for FY2015 to an EPS range of $3.85 to $4.00 per share. Previously, the company reported an outlook of $3.90 to $4.25 per share.

Mutual Funds to Watch

With any major earnings release, it is important to examine the mutual funds that have the largest stake in the company. Below are the mutual funds with the largest stake in Constellation Brands.

The Bottom Line

Mutual fund investors should be aware of the performance of the major holdings in the the funds that they own. Earnings reports, such as today’s release from Constellation Brands, are a great way to measure holdings.

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Constellation Brands logo

What Constellation Brands' Earnings Mean for Mutual Fund Investors

Constellation Brands reported significantly lower second quarter net income on Thursday, which came in below analysts’ estimates. The company reported higher revenues, but failed to meet expectations.

Inside Constellation Brands’ Results

Net Income

The company reported Q2 net income of $195.8 million, or 98 cents per share, down from $1.52 billion, or $7.74 per share, in the same quarter last year. For the company’s Class B stock, EPS was 90 cents per share, compared to $7.11 per share a year ago.

The company noted that the significant decline in earnings was due to a higher tax rate and a beer recall. In addition, last year’s earnings included a non-cash $1.6 billion gain. Excluding these items, earnings were $222 million, or $1.11 per share, compared to $188.7 million, or 96 cents per share, a year ago. Analysts expected to see adjusted earnings of $1.15 per share.

Revenue
Sales grew 10% to $1.60 billion from $1.46 billion a year ago. Analysts expected to see $1.64 billion in revenue.

Outlook
The company has cut its forecast for FY2015 to an EPS range of $3.85 to $4.00 per share. Previously, the company reported an outlook of $3.90 to $4.25 per share.

Mutual Funds to Watch

With any major earnings release, it is important to examine the mutual funds that have the largest stake in the company. Below are the mutual funds with the largest stake in Constellation Brands.

The Bottom Line

Mutual fund investors should be aware of the performance of the major holdings in the the funds that they own. Earnings reports, such as today’s release from Constellation Brands, are a great way to measure holdings.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next