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- Achieves comparable basis diluted EPS of $1.91 and reported basis diluted EPS of $2.62; reported results reflect favorable tax benefit
- Generates record free cash flow of $530 million
- Decreases debt by approximately $600 million
- Provides fiscal 2012 outlook; projects diluted EPS of $1.90 - $2.00 and free cash flow of $600 - $650 million
- Completes sale of Australian and U.K. business
- Board of Directors authorizes $500 million share repurchase program; management currently expects multi-year implementation
Constellation Brands, Inc. (NYSE: STZ), the world's leading premium wine company, reported today its fiscal 2011 results.
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- Achieves comparable basis diluted EPS of $1.91 and reported basis diluted EPS of $2.62; reported results reflect favorable tax benefit
- Generates record free cash flow of $530 million
- Decreases debt by approximately $600 million
- Provides fiscal 2012 outlook; projects diluted EPS of $1.90 - $2.00 and free cash flow of $600 - $650 million
- Completes sale of Australian and U.K. business
- Board of Directors authorizes $500 million share repurchase program; management currently expects multi-year implementation
Constellation Brands, Inc. (NYSE: STZ), the world's leading premium wine company, reported today its fiscal 2011 results.
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