U.S. Movers: Constellation Brands, Costco, Delta Air Lines

Scott Peters
10 Apr, 2025
New York City

Costco Wholesale Corp. gained 0.1% to $966.04 after the wholesale retailer reported an 8.6% increase in net sales for the month of March.

Sales climbed to $25.51 billion from $23.48 billion a year ago.

Net sales for the first 31 weeks were $158.87 billion, an increase of 8.3% from $146.64 billion a year earlier.

Comparable sales in March were up 6.4%, and in the 31-week period they were up 6.1%, and e-commerce sales were up 16.2% and 16.8%, respectively.

Comparable sales excluding the impacts from changes in gasoline prices and foreign exchange were up 9.1% in March and up 8.3% in the 31 weeks to April 6, while e-commerce sales increased by 17.5% and by 17.7%, respectively.

Constellation Brands Inc. dropped 3.5% to $177.00 after the producer of beer, wine, and spirits reported results for the fiscal fourth quarter of 2025 ending in February.

Sales increased to $2.31 billion from $2.30 billion, net income swung to a loss of $375.3 million from a profit of $392.4 million, and diluted loss per share was $2.09 compared to a profit of $2.14 a year ago.

Sales for the full year edged up to $10.96 billion from $10.71 billion, net income swung to a loss of $81.4 million from a profit of $1.73 billion, and diluted loss per share was 45 cents compared to a profit of $9.39 a year earlier.

The company guided 2026 net sales to decrease by 2% or up 1%, as beer sales remain flat to up 3%, and wine and spirits sales go down between 20% and 17%.

The alcohol beverage distributor estimated earnings per share in 2026 between $12.33 and $12.63, compared to a loss of 45 cents a year ago.

Comparable earnings per share in 2026 are estimated to be between $12.60 and $12.90, compared to $13.78 a year earlier.

Delta Air Lines Inc. traded flat at $44.27 after the airline company reported results for the March quarter of 2025.

Total operating revenue climbed to $14.04 billion from $13.75 billion, net income surged to $240 million from $37 million, and diluted earnings per share rose to 37 cents from 6 cents a year ago.

The company guided second quarter 2025 revenue to be down 2% to up 2%, compared to $16.7 billion a year earlier, and earnings per share between $1.70 and $2.30, compared to $2.01 in the same quarter a year ago.

The operating margin is estimated to be between 11% and 14%, compared to 14.7% a year earlier.