Constellation Brands (STZ) Revenue — Quarter Ended Nov 30, 2023
Revenue for the quarter declined compared with the immediately preceding quarter but rose relative to the same quarter one year earlier. The trailing twelve-month revenue reflects the cumulative performance over the past year.
Key takeaway
Quarter ended Nov 30, 2023 · FY2024 Q3
Revenue for the quarter declined compared with the immediately preceding quarter but rose relative to the same quarter one year earlier. The trailing twelve-month revenue reflects the cumulative performance over the past year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.5B
Revenue reported for this quarter.
Quarter-over-quarter
-12.9%
Change from the immediately preceding quarter.
Year-over-year
+1.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.8B
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 |
|---|---|---|
| Feb 28, 2023 | $2B | -5.0% |
| May 31, 2023 | $2.5B | +6.4% |
| Aug 31, 2023 | $2.8B | +6.8% |
| Nov 30, 2023 | $2.5B | +1.4% |
Revenue performance
Reported revenue moved lower from the prior quarter, marking a reversal from the sequential growth seen in the two preceding quarters. The year-over-year comparison, however, showed a modest increase.
Quarterly comparison
Compared with the immediately preceding quarter, revenue decreased, while versus the same quarter one year earlier it increased. The filing context notes the company's strong brand portfolio and its position as a top growth contributor in the U.S. beverage alcohol market, but does not attribute the quarterly changes to specific factors.
What to watch
Monitor whether the sequential revenue decline is a seasonal pattern or signals a change in underlying demand.