.September 3, 2024 3:39 PM

Constellation Brands (NYSE:STZ) saw a 3% rise in shares today after updating its fiscal 2025 earnings outlook. The company now expects full-year EPS to be between $13.60 and $13.80, aligning closely with analysts’ expectations of $13.68. However, net sales growth forecast was downgraded to 4% to 6% from the earlier range of 6% to 7%.

Despite the adjustments, Constellation Brands maintained its operating cash flow guidance of $2.8 billion to $3.0 billion, in line with the consensus estimate of $2.98 billion. The company also plans to recognize a non-cash goodwill impairment loss for its Wine and Spirits segment, estimated to be between $1.5 billion and $2.5 billion.