STZ · Consumer

CONSTELLATION BRANDS, INC.

Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: everything published this earnings window

News · 2026-11-12

• Cultural Brand PartnershipsImportance 31 · Surprise 42
  Constellation Brands is using consumer-led cultural partnerships to strengthen brand relevance and support growth. Modelo became the NCAA’s first-ever Official Beer, gaining exclusive category rights across more than…
• Guidance / OutlookImportance 26 · Surprise 24
  Management was reported as optimistic about finishing fiscal 2027 at the high end of its EPS range. That outlook is contingent on September’s trends continuing. The report did not provide the EPS range or quantify the…

News · 2026-11-07

• Capital Return Program (Dividend)Importance 13 · Surprise 6
  Constellation Brands announced a quarterly dividend of $1.03 per share. The report says the dividend announcement followed a quarter in which the company surpassed earnings and revenue estimates. The digest provides no…

News · 2026-11-04

• Quarterly Dividend DeclarationImportance 13 · Surprise 6
  Constellation Brands announced a quarterly dividend of $1.03 per share. The report also cited quarterly EPS of $3.74, above expectations. Quarterly revenue was reported at $2.63 billion.

News · 2026-10-23

• Competition and Market ShareImportance 20 · Surprise 24
  Constellation Brands’ heavier marketing spending in fiscal Q2 2027 helped it achieve the largest dollar share gain in beverage alcohol. Beer was the primary driver of the gain. The report said this makes marketing…

News · 2026-10-15

• Acquisition / Partnership / DivestitureImportance 38 · Surprise 60
  Constellation Brands announced the acquisition of SpikedAde, a spirit-based ready-to-drink brand. The report does not state the acquisition price or expected financial contribution. It also provides no deal timing or…

News · 2026-10-09

• SpikedAde AcquisitionImportance 44 · Surprise 42
  Constellation Brands announced its acquisition of SpikedAde on October 6, 2026, expanding its portfolio into spirit-based ready-to-drink beverages. A subsequent report said the agreed purchase price was an initial $75…
• Revenue Performance and MixImportance 31 · Surprise 32
  Constellation Brands reported fiscal Q2 2027 net sales of $2.63 billion, up 6.1% year over year from $2.48 billion. Beer shipment volumes rose 5.5%, and wine and spirits business volume increased 15.4%. Beer sales were…

News · 2026-10-08

• Guidance and OutlookImportance 36 · Surprise 24
  On its October 7, 2026 earnings call, Constellation Brands reaffirmed fiscal 2027 comparable earnings guidance of $11.20–$11.90 per share. CEO Nicholas Fink said September demand trends supported expectations toward…
• Operating Margin DriversImportance 31 · Surprise 32
  Constellation Brands’ beer operating margin decreased 160 basis points year over year in fiscal Q2 2027. The decline accompanied reported beer sales growth of 5% to $2.47 billion. Reporting also cited increased…
• Market Demand TrendsImportance 25 · Surprise 32
  Constellation Brands’ beer shipments grew about 5% in the quarter, but the company shipped slightly more cases to distributors rebuilding inventory, so shipment growth may overstate underlying consumer demand.…
• Competition and Market ShareImportance 24 · Surprise 24
  A third-party earnings-call report said Constellation was the leading dollar share gainer in beverage alcohol. The report attributed the company’s outperformance to increased marketing investment, particularly in beer,…

10-Q · 2026-10-07

• Acquisitions and DivestituresImportance 65 · Surprise 60
  In October 2026, Constellation acquired SpikedAde, a spirit-based ready-to-drink brand, for an initial $75 million, with up to $278 million of contingent consideration payable over five years based on performance;…
• Income Tax Rate ChangesImportance 63 · Surprise 64
  Second-quarter income tax provision fell to $147.1 million from $296.8 million, and the effective tax rate declined to 20.2% from 37.9%; a net tax benefit from valuation-allowance changes was partly offset by…
• 2025 Restructuring InitiativeImportance 58 · Surprise 42
  The 2025 Restructuring Initiative is expected to generate over $200 million in net annualized savings by Fiscal 2028 and nearly $130 million in cumulative pretax costs once fully implemented. Constellation recognized…
• Share Repurchase ProgramImportance 55 · Surprise 24
  The Board authorized up to $4.0 billion of common-stock repurchases under the 2025 Authorization, which expires in February 2028. As of September 30, 2026, the company had repurchased $1,453.8 million of Class A…
• Debt and Liquidity PositionImportance 49 · Surprise 32
  Total debt outstanding was $10,315.7 million as of August 31, 2026, down $252.8 million, or 2%, from February 28, 2026. In May 2026, the company issued 4.85% senior notes and received $496.7 million net of discount and…
• Market Demand TrendsImportance 43 · Surprise 32
  In the second quarter, Beer shipments rose 5.5% while depletions declined 0.6%; the company attributed shipment growth partly to distributors rebuilding inventory days-on-hand. In Wine and Spirits, second-quarter…
• Cash Flow and Capital ExpendituresImportance 42 · Surprise 14
  Operating cash flow was $1,478.6 million for the six months ended August 31, 2026, down $10.7 million from the prior-year period despite net income increasing $244.3 million; higher income-tax payments and a $91.9…
• Operating Expense TrendsImportance 40 · Surprise 30
  Second-quarter consolidated SG&A increased $102.2 million to $538.2 million, and rose to 20.4% of sales from 17.6%. Beer SG&A increased $85.1 million, including $54.5 million of additional marketing and $30.7 million…
• Revenue Performance and MixImportance 36 · Surprise 14
  Second-quarter 2027 consolidated net sales increased 6% to $2,633.0 million, with Beer sales up $128.6 million to $2,473.6 million and Wine and Spirits sales up $23.4 million to $159.4 million. Beer shipments grew 5.5%…
• Trade Policy and TariffsImportance 32 · Surprise 24
  U.S. tariffs on certain imports, including aluminum and derivatives, and retaliatory measures by other countries—including Canadian federal and provincial tariffs and boycotts on certain U.S. products—negatively…
• Gross Margin DriversImportance 30 · Surprise 14
  Consolidated gross margin increased to 52.9% in Second Quarter 2027 from 52.8% a year earlier, with lower product costs adding approximately 130 basis points in Beer and 30 basis points in Wine and Spirits, partly…
• Macroeconomic Consumer PressureImportance 29 · Surprise 24
  Management says results and financial condition have been affected by economic uncertainty and socioeconomic pressures, including subdued spending, depressed sentiment, value-seeking behavior, elevated unemployment,…
• Veracruz Brewery Capacity ExpansionImportance 23 · Surprise 24
  Constellation Brands says it is continuing modular capacity additions for its Beer segment to support anticipated future growth through its Brewery Projects. The company stated that commercial production at the…
• Distribution ChannelsImportance 15 · Surprise 6
  The company plans to expand Wine and Spirits across U.S. wholesale, international markets, and direct-to-consumer channels, including hospitality, using its global omnichannel capabilities. It says marketing, sales,…
• Quarterly Dividend DeclarationImportance 13 · Surprise 6
  On October 6, 2026, the Board declared a quarterly cash dividend of $1.03 per share of Class A Stock and $0.93 per share of Class 1 Stock. The dividend is payable November 13, 2026, to holders of record at the close of…
• Competition and Market ShareImportance 10 · Surprise 6
  Constellation Brands says it is one of the top dollar-share gainers among U.S. beverage alcohol suppliers, the second-largest U.S. beer company, and that Modelo Especial is the top beer brand in U.S. dollar sales. It…

News · 2026-10-07

• Revenue Performance and MixImportance 31 · Surprise 32
  Constellation Brands reported fiscal Q2 2027 net sales of $2.63 billion, up 6.1% year over year from $2.48 billion. Beer shipment volumes rose 5.5%, and wine and spirits business volume increased 15.4%. Beer sales were…
• Operating Margin DriversImportance 31 · Surprise 32
  Constellation Brands’ beer operating margin decreased 160 basis points year over year in fiscal Q2 2027. The decline accompanied reported beer sales growth of 5% to $2.47 billion. Reporting also cited increased…
• Market Demand TrendsImportance 25 · Surprise 32
  Constellation Brands’ beer shipments grew about 5% in the quarter, but the company shipped slightly more cases to distributors rebuilding inventory, so shipment growth may overstate underlying consumer demand.…

8-K · 2026-10-06

• Income Tax Rate ChangesImportance 61 · Surprise 56
  The reported effective tax rate for the second quarter was 20.2%, down from 37.9% a year earlier. Income tax provision declined to $147.1 million from $296.8 million, a $149.7 million reduction, while pretax income…
• Guidance and OutlookImportance 50 · Surprise 24
  For fiscal 2027, Constellation Brands expects reported EPS of $11.85–$12.55 and comparable EPS of $11.20–$11.90 for the year ending February 28, 2027. Management projects enterprise organic net sales growth (decline)…
• Cash Flow and Capital ExpendituresImportance 46 · Surprise 14
  Operating cash flow for the first six months of fiscal 2027 was $1,478.6 million, down 1% from $1,489.3 million. Free cash flow increased 4% to $1,124.5 million, while property, plant, and equipment purchases fell 14%…
• Operating Expense TrendsImportance 34 · Surprise 38
  Second-quarter selling, general, and administrative expenses increased to $538.2 million from $436.0 million, a $102.2 million rise. The release attributes higher Beer Business costs to increased marketing investment…
• Acquisition / Partnership / DivestitureImportance 34 · Surprise 42
  After the quarter, Constellation acquired SpikedAde, a spirit-based ready-to-drink brand, for $75 million at closing in exchange for 100% ownership. The agreement includes up to $278 million of additional contingent…
• Wine and Spirits Demand TrendsImportance 30 · Surprise 40
  Wine and Spirits net sales increased 17% to $159.4 million, shipments rose 15.4% to 1.5 million 9-liter case equivalents, and depletions grew 10.2%. Depletion growth was led by Kim Crawford, up approximately 11%, and…
• Operating Margin DriversImportance 24 · Surprise 14
  Reported second-quarter operating income decreased 8% to $805 million, and operating margin fell to 30.6% from 35.2%; comparable operating income increased 1% to $896.6 million. Beer operating income increased 1% to…
• Segment Revenue PerformanceImportance 23 · Surprise 22
  Beer second-quarter net sales increased 5% to $2,473.6 million, with shipments up 5.5% to 123.9 million case equivalents and depletions down 0.6%. Wine and Spirits net sales rose 17% to $159.4 million, shipments…
• Capital Return ProgramImportance 20 · Surprise 6
  The company reported returning more than $800 million to shareholders through share repurchases and dividends during the first half of fiscal 2027. It repurchased $530 million of shares year to date through September…
• Beer Market Demand TrendsImportance 19 · Surprise 32
  Beer net sales increased 5% to $2,473.6 million, with shipment volume up 5.5% to 123.9 million 24-pack, 12-ounce case equivalents. Depletions declined 0.6%; declines of approximately 2% for Modelo Especial and 5% for…
• Revenue Performance and MixImportance 18 · Surprise 14
  Second-quarter fiscal 2027 net sales increased 6% to $2,633 million from $2,481 million a year earlier. Beer contributed $2,473.6 million, up 5%, while Wine and Spirits contributed $159.4 million, up 17%. For the six…
• Beer Market Share GainsImportance 17 · Surprise 24
  Constellation’s Beer Business ranked first in dollar and volume share gains across Circana U.S. tracked channels, outperforming the total beer category by 4 percentage points in year-over-year dollar and volume sales.…
• Balance Sheet and LiquidityImportance 14 · Surprise 6
  At August 31, 2026, cash and cash equivalents were $98.5 million, compared with $102.4 million at February 28, 2026. Short-term borrowings were $116.5 million and current maturities of long-term debt were $1,103.0…

News · 2026-10-06

• SpikedAde AcquisitionImportance 44 · Surprise 42
  Constellation Brands announced its acquisition of SpikedAde on October 6, 2026, expanding its portfolio into spirit-based ready-to-drink beverages. A subsequent report said the agreed purchase price was an initial $75…
• Guidance / OutlookImportance 36 · Surprise 24
  Constellation Brands maintained fiscal 2027 comparable EPS guidance of $11.20 to $11.90, with a midpoint of $11.55. That midpoint was below the analyst consensus of $11.72. The company’s full-year revenue guidance…
• Revenue Performance and MixImportance 31 · Surprise 32
  Constellation Brands reported fiscal Q2 2027 net sales of $2.63 billion, up 6.1% year over year from $2.48 billion. Beer shipment volumes rose 5.5%, and wine and spirits business volume increased 15.4%. Beer sales were…
• Market Demand TrendsImportance 25 · Surprise 32
  Constellation Brands’ beer shipments grew about 5% in the quarter, but the company shipped slightly more cases to distributors rebuilding inventory, so shipment growth may overstate underlying consumer demand.…
• Dividend DeclarationImportance 19 · Surprise 6
  Constellation Brands declared a quarterly cash dividend of $1.03 per Class A common share and $0.93 per Class 1 convertible common share. The dividends are payable November 13, 2026, to shareholders of record by…

News · 2026-10-05

• Market Demand TrendsImportance 25 · Surprise 32
  Constellation Brands’ beer shipments grew about 5% in the quarter, but the company shipped slightly more cases to distributors rebuilding inventory, so shipment growth may overstate underlying consumer demand.…
• Macroeconomic Consumer PressureImportance 10 · Surprise 6
  Third-party commentary ahead of Constellation Brands’ October 6, 2026 earnings said pressured consumer wallets were a concern for the company and PepsiCo. Jim Cramer described a contraction in certain U.S. liquor…

News · 2026-09-19

• Debt and Liquidity PositionImportance 52 · Surprise 42
  Constellation Brands secured a $300 million delayed-draw term loan, adding to its leverage. The loan increases the company’s financial flexibility. The report also says the company beat Q1 fiscal 2027 earnings…

News · 2026-09-18

• Debt Redemption and LiquidityImportance 34 · Surprise 42
  Constellation Brands redeemed in full $600 million of 4.350% Senior Notes due 2027. The redemption was completed early, with the cash redemption price calculated under the supplemental indenture terms. The trustee…
• Manufacturing CapacityImportance 34 · Surprise 42
  Constellation is investing in additional brewery capacity to support anticipated demand for its beer portfolio. The report names Modelo Especial, Corona Extra, Pacifico and Victoria as leading imported brands receiving…
• Market Demand TrendsImportance 26 · Surprise 24
  Constellation reported strong on-premise performance and World Cup share gains, contrasting with lackluster off-premise results amid consumer and macroeconomic pressures. It said Corona has stabilized, while Modelo…
• Distribution ChannelsImportance 26 · Surprise 24
  Constellation is expanding distribution of its leading imported beer brands across off-premise and on-premise channels. The reporting identifies Modelo as having significant distribution growth potential, despite…
• Products and TechnologyImportance 23 · Surprise 24
  Constellation is focusing on its high-end beer portfolio, including Modelo Especial, Corona Extra, Pacifico and Victoria. Its reported strategy includes consumer-led line extensions, package formats and products…

News · 2026-09-17

• Debt Redemption and LiquidityImportance 34 · Surprise 42
  Constellation Brands redeemed in full $600 million of 4.350% Senior Notes due 2027. The redemption was completed early, with the cash redemption price calculated under the supplemental indenture terms. The trustee…

News · 2026-09-13

• Products and TechnologyImportance 23 · Surprise 24
  Constellation is focusing on its high-end beer portfolio, including Modelo Especial, Corona Extra, Pacifico and Victoria. Its reported strategy includes consumer-led line extensions, package formats and products…
• Guidance / OutlookImportance 16 · Surprise 6
  Management reaffirmed Constellation Brands’ full-year outlook. The article reports strong on-premise performance and World Cup share gains, but lackluster off-premise results amid consumer and macroeconomic pressures.…