Confirms FY comparable EPS guidance (Il Sole 24 Ore Radiocor) - New York, 03 Jul - The US producer of beer, wine, and spirits, Constellation Brands, said that in the first quarter ended May 31 comparable earnings per share grew 17% to 3.57 dollars.

Sales were up 6% to 2.662 billion dollars.

The group generated a first-quarter operating cash flow of 691 million dollars, up 4%, and a free cash flow of 315 million dollars , a 19% decrease driven by brewery capacity investments.

Constellation Brands updated its reported EPS outlook to 14.63-14.93 dollars and affirmed its comparable EPS outlook of 13.50-13.80 dollars.

It also confirmed its full-year operating cash flow target of 2.8-3.0 billion dollars and free cash flow projection of 1.4-1.5 billion.

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(RADIOCOR) 03-07-24 19:31:47 (0724) 5 NNNN