Earnings wrap — Wed Oct 7: 3 reporters, all beats. Consumer staples heavy (STZ, LW) plus one materials name (RPM). $LW posted the widest beat at +27.4%.

$53.05

+2.10%

STZ

$127.41

+0.28%

RPM

$97.90

-0.55%

What changed

$STZ Constellation Brands beat at $3.74 GAAP EPS vs $3.55 est (+5.5%), revenue $2.6B. FY adj EPS guide $11.85–$12.55. $RPM RPM International edged past at $1.98 GAAP EPS vs $1.95 est (+1.7%), revenue $2.2B up 4.8% yoy. $LW Lamb Weston crushed it: Adj EPS $0.75 vs $0.59 est (+27.4%), revenue $1.7B up 0.7% yoy. GAAP EPS just $0.21 — big gap vs adj. THE WRAP: $LW's +27.4% beat is the headline surprise — watch staples margins. $STZ's FY guide sets the tone for consumer staples season ahead.

Why it matters

$STZ Constellation Brands beat at $3.74 GAAP EPS vs $3.55 est (+5.5%), revenue $2.6B. FY adj EPS guide $11.85–$12.55.

Sources

digest