“Our enterprise results in Fiscal 24 exceeded our top-line growth outlook and delivered strong operating income growth. We also generated strong operating cash flow, which enabled continued execution of our capital allocation priorities including: reducing our net leverage ration from 3.6x to 3.2x, returning over $900M to shareholders in dividends and share repurchases, and deploying approximately $900M to modular brewery capacity additions to support the growth of our Beer Business. We believe this momentum will continue and we expect to deliver additional shareholder value in Fiscal 25.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STZ:
- Constellation Brands Reports Fiscal Year and Fourth Quarter 2024 Financial Results and Fiscal Year 2025 Outlook
- Options Volatility and Implied Earnings Moves Today, April 11, 2024
- Constellation Brands (NYSE:STZ) Q4 Earnings Preview: Here’s What to Expect
- GE Aerospace upgraded, AmEx downgraded: Wall Street’s top analyst calls
- STZ Earnings this Week: How Will it Perform?