Consumer goods company, Constellation Brands, Inc. (NYSE:STZ) is slated to release its second quarter Fiscal 2023 results on October 6, before the market opens. The company engages in the production, marketing, and distribution of beer, wine, and spirits across the U.S. The Street expects Constellation Brands to post adjusted earnings of $2.81 per share in Q2, meaningfully higher than its comparative prior year period’s figure of $2.52 per share. Meanwhile, revenue is pegged at $2.51 billion, representing a year-over-year jump of 5.9%, and 6.4% higher than Q1FY23 revenue of $2.36 billion. The beverage industry is facing subdued demand owing to the inflationary trends that are squeezing consumers’ pockets.
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