STZ · 8-K · 20261006PR000039
Cash Flow and Capital Expenditures
CONSTELLATION BRANDS, INC. · 2026-10-06 · Importance 46 · Surprise 14 · No source text
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% to $354.1 million from $410.1 million. Fiscal 2027 guidance targets operating cash flow of $2.4–$2.5 billion, capital expenditures of approximately $800 million, and free cash flow of $1.6–$1.7 billion.
Key facts
- For the first six months of FY2027, Constellation generated operating cash flow of $1.5 billion and free cash flow of $1.1 billion, down 1% and up 4%, respectively. source
- For the six months ended August 31, 2026, Constellation generated $1,478.6 million in operating cash flow and $1,124.5 million in free cash flow. source
- For the six months ended August 31, 2026, Constellation spent $354.1 million on property, plant, and equipment. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | — | For the first six months of FY2027, Constellation generated operating cash flow of $1.5 billion and free cash flow of $1.1 billion, down… |
| cash | positive | realized | — | For the first six months of FY2027, Constellation generated operating cash flow of $1.5 billion and free cash flow of $1.1 billion, down… |
| cash | negative | realized | — | For the six months ended August 31, 2026, Constellation spent $354.1 million on property, plant, and equipment. |