Stock Analysis on Net

Constellation Brands Inc. (NYSE:STZ)

$22.49

This company has been moved to the archive! The financial data has not been updated since January 5, 2023.

Analysis of Revenues

Microsoft Excel

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Revenues as Reported

Constellation Brands Inc., income statement, revenues

US$ in thousands

Microsoft Excel
12 months ended: Feb 28, 2022 Feb 28, 2021 Feb 29, 2020 Feb 28, 2019 Feb 28, 2018 Feb 28, 2017
Beer
Wine
Spirits
Canopy
Consolidation and Eliminations
Net sales

Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28).


Overall Revenue Trend
Net sales demonstrate a steady increase over the six-year period, rising from $7.33 billion in 2017 to $8.82 billion in 2022. This reflects consistent growth in overall business activity despite fluctuations within specific segments.
Beer Segment
The beer segment shows a clear upward trend in revenue, increasing from approximately $4.23 billion in 2017 to $6.75 billion in 2022. This growth is consistent year-over-year, indicating a strong performance and increasing market demand for beer products.
Wine Segment
The wine segment, in contrast, exhibits a continuous decline from $2.74 billion in 2017 to about $1.82 billion in 2022. This downward trajectory suggests decreasing revenues and potentially waning market share or consumer preference in this category.
Spirits Segment
Revenue from spirits remains relatively stable between 2017 and 2019 but begins to decrease from 2020 onward, dropping from approximately $362.9 million in 2017 to $249.8 million in 2022. This decline points to possible challenges in this segment.
Canopy Segment
The Canopy segment appears starting 2019 with $48.6 million in revenue and shows significant growth through 2022, reaching around $444.3 million. This emerging segment contributes new revenue streams, partially offsetting declines in other areas.
Consolidation and Eliminations
Values for consolidation and eliminations represent negative amounts starting 2019, increasing in magnitude each year to approximately -$444.3 million in 2022. These figures reflect internal accounting adjustments and do not affect net sales trends directly.
Summary Insights
The increasing net sales are primarily driven by the beer segment and the newly integrated Canopy segment, which together compensate for declines in wine and spirits revenues. The data indicates strategic shifts with emphasis on the beer category and growth in the Canopy business, alongside diminishing performance in traditional wine and spirits lines.