Constellation brands reports fiscal year and q4 2020 results and fiscal year 2021 outlook

Constellation brands reports fiscal year and fourth quarter 2020 results and fiscal year 2021 outlook.qtrly reported eps $2.04.qtrly net sales $1,902.9 million versus $1,797.2 million.qtrly comparable eps $2.06.fiscal 2021 eps guidance is unavailable at this time due to potential impacts on the business from covid-19.constellation brands - qtrly beer business posted import beer depletion growth of 11.4% & overall depletion growth of 10.8% driven by modelo, corona brand families.sees beer net sales growth of 7%-8% in fiscal 2021, pre covid-19 business expectation.modelo brand family grew depletions more than 18% while the corona brand family grew nearly 5% in quarter.in march 2020, canopy expects to record estimated pre-tax loss of about c$700 million - c$800 million in q4 2020 results.constellation brands sees wine, spirits net sales & operating income decline of about 30% to 35%, respectively for 2021, pre-covid-19 business expectations.q4 revenue view $1.84 billion -- refinitiv ibes data.constellation brands - on april 2, declared qtrly cash dividend of $0.75 per share of class a common stock, $0.68 per share of class b common stock.constellation brands - will record proportional share of estimated pre-tax loss related to canopy growth of about c$245 million - c$280 million in q1 2021.constellation brands - due to wine & spirits transactions, cost reduction plan of $130 million expected to be realized over fiscal 2021- fiscal 2022.
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