Constellation Brands (STZ) Revenue — Quarter Ended Feb 28, 2023
Revenue for the reported quarter decreased compared to both the immediately preceding quarter and the same period a year earlier. The sequential decline was notably steeper than the year-over-year decline.
Key takeaway
Quarter ended Feb 28, 2023 · FY2023 FY
Revenue for the reported quarter decreased compared to both the immediately preceding quarter and the same period a year earlier. The sequential decline was notably steeper than the year-over-year decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2B
Revenue reported for this quarter.
Quarter-over-quarter
-18.0%
Change from the immediately preceding quarter.
Year-over-year
-5.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| May 31, 2022 | $2.4B | +16.6% |
| Aug 31, 2022 | $2.7B | +12.0% |
| Nov 30, 2022 | $2.4B | +5.0% |
| Feb 28, 2023 | $2B | -5.0% |
Revenue performance
The company reported a decline in revenue for the quarter, reversing the growth seen in earlier periods of the fiscal year.
Quarterly comparison
Compared to the prior quarter, revenue fell sharply. On a year-over-year basis, revenue also declined, though at a more moderate pace.
What to watch
The filing references forward-looking statements regarding beer expansion and potential asset sales, which may be focal points for future performance.