{"id":55494,"date":"2024-10-03T10:17:52","date_gmt":"2024-10-03T14:17:52","guid":{"rendered":"https:\/\/www.businessupturn.com\/usa\/?p=55494"},"modified":"2024-10-03T10:17:52","modified_gmt":"2024-10-03T14:17:52","slug":"coca-cola-stock-hits-five-week-low-following-constellation-brands-earnings","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/usa\/coca-cola-stock-hits-five-week-low-following-constellation-brands-earnings\/55494\/","title":{"rendered":"Coca-Cola stock hits five-week low following Constellation Brands\u2019 earnings"},"content":{"rendered":"<p>Coca-Cola Co\u2019s shares fell 0.9% to hit a five-week low as the beverage giant faced negative market sentiment triggered by Constellation Brands\u2019 earnings report. As of 10:13 am, Coca-Cola shares were trading at $70.465, down 0.77%.<\/p>\n<p><strong>Constellation Brands\u2019 Earnings Impact<\/strong><\/p>\n<p>Constellation Brands, Inc. (NYSE: STZ) released its second-quarter 2025 earnings results, which indicated mixed performance. While net sales grew 3% year-over-year to $2.91 billion, Constellation reported a net loss attributable to shareholders amounting to $1.19 billion or $6.59 per share. This compares to a net income of $690 million or $3.74 per share in the previous year. However, on a comparable basis, earnings per share (EPS) rose 14% year-over-year to $4.32, with both revenue and earnings surpassing market expectations.<\/p>\n<p><strong>Forward Guidance<\/strong><\/p>\n<p>For fiscal year 2025, Constellation Brands anticipates net sales growth of 4-6%. The company projects reported EPS to be between $4.05 and $4.25, while comparable EPS is expected to reach $13.60.<\/p>\n<p>Despite Constellation\u2019s positive forecast, the mixed results and reported net loss appear to have contributed to a broader decline in the beverage sector, affecting Coca-Cola\u2019s stock price negatively.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coca-Cola Co\u2019s shares fell 0.9% to hit a five-week low as the beverage giant faced negative market sentiment triggered by\u2026<\/p>\n","protected":false},"author":432,"featured_media":55495,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[19182],"class_list":["post-55494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-markets","tag-coca-cola"],"reading_time":"1 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/55494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/432"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=55494"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/55494\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/55495"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=55494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=55494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=55494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}