) — the maker of festive summer beers Corona and Modelo — saw a stock bump in pre-market trading, but its gains have since deflated in Wednesday's regular session. The alcohol company reported fiscal first-quarter earnings figures that beat profit estimates. Revenue fell just short of expectations — reported $2.66 billion — while adjusted earnings outpaced estimates — $3.57 per share .
It up double digit the issue in that part of the segment is that it's small and it doesn't really drive a lot of the segment sales, but they continue to grow. Last year, they had a very important innovation with Modelo Oro, which is a low calorie, low carb version of Modelo special.
You know, as I'm looking at the fiscal 2025 guidance assumptions here, one of the major things that we've heard as a theme over the course of this earnings season uh is, is about capital expenditures here and they're looking for that to come in at about 1.4 to $1.5 billion.
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