Filings monitor · STZ

What CONSTELLATION BRANDS, INC.'s SEC filings said

10-Q for 2026Q3, filed 7 Oct 2026. Each line is something a filing stated, ranked by score and linked to its source.

Ranked highest

1. Acquisitions and Divestitures65 · importance in its document · 10-Q · 2026Q3
   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; results will be reported…
2. Debt Redemption and Liquidity64 · importance in its document · 8-K exhibit · 8 Sept 2026
   Constellation Brands gave notice on September 8, 2026, to redeem in full its 4.350% Senior Notes due 2027 before maturity. The company had $600.0 million in aggregate principal outstanding as of September 8, and the redemption is…
3. Income Tax Rate Changes63 · importance in its document · 10-Q · 2026Q3
   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 resolutions of prior-period…
4. 2025 Restructuring Initiative58 · importance in its document · 10-Q · 2026Q3
   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 $5.5 million of…
5. Share Repurchase Program55 · importance in its document · 10-Q · 2026Q3
   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 shares, or 9,429,144…

Ranked by score, 0–100. A topic read from a document carries its importance within that document; an 8-K event carries the rule score that ranks a filing among filings. Neither is about the share price, and the two scales are named on each row because they are not the same measure.

Latest report: 10-Q · 2026Q3 filed 7 Oct 2026

Full report · Filing on EDGAR

• Acquisitions and DivestituresImportance 65
  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
  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
  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 · +1 more on this subject
  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
  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
  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
  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
  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
  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
  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
  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
  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,…

8-K filings last 12 months

• Results (release not read)6 Oct 2026 · 8-K Item 2.02 · Routine · rule score 20
  Read from the attached exhibit: Income Tax Rate Changes · Guidance and Outlook · Cash Flow and Capital Expenditures
• New debt18 Sept 2026 · 8-K Items 1.01, 2.03 · Routine · rule score 25
• Press release attached to an 8-K8 Sept 2026 · 8-K
  Read from the attached exhibit: Debt Redemption and Liquidity
• Management change (filing not read)24 Jul 2026 · 8-K Item 5.02 · Routine · rule score 20
• Results (release not read)30 Jun 2026 · 8-K Item 2.02 · Routine · rule score 20
• Management change (filing not read)21 May 2026 · 8-K Item 5.02 · Routine · rule score 20
• Results (release not read)8 Apr 2026 · 8-K Item 2.02 · Routine · rule score 20
• Management change (filing not read)12 Feb 2026 · 8-K Item 5.02 · Routine · rule score 20
• Results (release not read)7 Jan 2026 · 8-K Item 2.02 · Routine · rule score 20

Topics are read from the text of the 10-K, 10-Q or the exhibit attached to an 8-K, each linked to the passage it came from. 8-K events are labelled by fixed rules from the item codes and the filing text — the same rules for every company and every year. The Full Picture merges these with earnings calls and news.