On Jan. 4, Constellation Brands
- Sales grew 18.4% to $1.5 billion, primarily because of the acquisition of Vincor.
- Total diluted earnings fell 2.2% and came in below analyst projections.
- Because of challenges in the U.K. market, management decreased earnings expectations for full-year 2007 to $1.65-$1.70 per share, from $1.72-$1.76.
- Constellation Brands has a three-star ranking in Motley Fool CAPS. To read what the community thinks or to add your opinion, log onto CAPS.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q3 2007 |
Q3 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$1,501 |
$1,267 |
18.4% |
|
Net Profit |
$108 |
$109 |
(1.1)% |
|
EPS |
$0.45 |
$0.46 |
(2.2%) |
|
Diluted Shares |
239.4 |
238.6 |
0.3% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2007 |
Q3 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
29.66% |
30.32% |
(0.66) |
|
Operating Margin |
15.71% |
17.47% |
(1.76) |
|
Net Margin |
7.18% |
8.60% |
(1.23) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$35 |
$26 |
31.6% |
|
Accounts Rec. |
$1,160 |
$970 |
19.6% |
|
Inventory |
$2,139 |
$1,806 |
18.4% |
|
Liabilities |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$543 |
$486 |
11.9% |
|
Long-Term Debt |
$3,949 |
$2,592 |
52.4% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2007 |
YTD 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$118 |
$282 |
($164) |
|
Capital Expenditures (Inflows) |
$127 |
($28) |
$154 |
|
Free Cash Flow |
($9) |
$310 |
($319) |
Find out why Fools always follow the money.
Comparable companies:
-
Fortune Brands
(NYSE:FO) -
Diageo
(NYSE:DEO) -
Brown-Forman
(NYSE:BF-B) (NYSE:BF-A)
Related Foolishness:
- Constellation Brands Chugs Ahead
- Constellation Bottles Another Quarter: Fool by Numbers
- Constellation: 10 Years Away From Ordinary
- Constellation Brands a Little Flat
Diageo is an Income Investor selection. To see what other great companies have been recommended, take a free 30-day trial today.
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.
Fool contributor Ryan Fuhrmann is long shares of Diageo but has no financial interest in any other company mentioned. Feel free to email him with feedback or to discuss any companies mentioned further. The Fool has an ironclad disclosure policy.
