STZ · 10-Q · 2026Q3

CONSTELLATION BRANDS, INC.

Filed 2026-10-07 · Consumer · View original filing on EDGAR

Everything STZ's SEC filings said, ranked

Ranked Events

• 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…

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