08:09 AM EDT, 07/03/2024 (MT Newswires) -- Constellation Brands ( STZ ) reported fiscal Q1 Non-GAAP earnings Wednesday of $3.57 per share, up from $3.04 a year earlier.

Analysts polled by Capital IQ expected $3.45.

Net sales for the quarter ended May 31 were $2.66 billion, up from $2.51 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.67 billion.

The company affirmed its fiscal 2025 non-GAAP EPS outlook of $13.50 to $13.80 per share. Analysts polled by Capital IQ expect $13.65.

Additionally, the company's board maintained its quarterly dividend at $1.01 per share, payable on Aug. 23 to shareholders as of Aug. 14.

Shares of the company were up 4.3% in Wednesday premarket activity.

Price: 269.97, Change: +11.03, Percent Change: +4.26