Constellation brands- qtrly net sales reported $1,963 mln

Qtrly net sales reported $1,963 million, down 6%.qtrly loss per share reported basis $0.94.excluding canopy growth equity losses, qtrly comparable basis eps of $2.44.qtrly comparable basis eps of $2.30, including canopy growth equity losses of $0.14.fiscal 2021 guidance is unavailable at this time.beer business posted qtrly depletion growth of 5.6%.constellation brands - share of canopy growth’s equity earnings, related activities for quarter totaled loss of $377.6 million on reported basis.ceo says "our outlook for the year remains positive".ceo says slowdown of mexican beer production due to covid-19 created short-term impact to distributor inventory levels in quarter.q1 earnings per share view $2.01, revenue view $1.98 billion -- refinitiv ibes data.constellation brands - slowdown of beer production in mexico impacted shipment volumes, distributor inventory levels in q1 and will extend into q2.constellation brands - beer distributor inventories expected to return to more normal levels during q3.constellation brands - board declared quarterly dividend of $0.75/share of class a stock & $0.68/ share of class b stock, payable on aug 25.constellation brands - fully redeems outstanding 2.25% senior notes due november 2020.constellation brands - agreement to divest nobilo wine brand to gallo assumed to close by end of q2 2021.
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