Constellation Brands reports company developments tied to its beer, wine and spirits business and its publicly traded Class A common stock. The company produces and markets beverage alcohol brands across operations in the U.S., Mexico, New Zealand and Italy, with portfolios that include Modelo Especial, Corona Extra, Modelo Cheladas, Pacifico, Victoria, The Prisoner Wine Company, Robert Mondavi Winery, Kim Crawford, Mi CAMPO Tequila and High West Whiskey.
Recurring news covers fiscal results, operating performance, financial outlook, brand portfolio references, capital-structure actions and shareholder voting matters. Company updates also include debt-market activity, such as senior note issuance or redemption notices, and governance developments such as executive succession and board-related disclosures.
Constellation Brands (NYSE: STZ, STZ.B) reported its fiscal year 2022 results, highlighting strong performance and a positive outlook for fiscal year 2023. Key metrics included a solid increase in revenue and robust growth in premium beer and wine segments. The company continues to expand its market presence internationally, emphasizing its commitment to innovation and brand development. A conference call was held on April 7, 2022, to discuss these results in detail and outline future strategies.
Constellation Brands has received a non-binding proposal from the Sands Family to declassify its common stock. The proposal suggests converting Class B shares into 1.35 Class A shares, maintaining the Sands Family as the largest shareholder. The Sands Family asserts this change will enhance market demand for the stock. A Special Committee has been formed to assess the proposal, requiring approval from the committee, the Board of Directors, and a majority of Class A shareholders not holding Class B shares for completion.
On March 14, 2022, SIMI Winery announced the launch of the Editor's Collection Rosé, created in collaboration with Reese's Book Club. This new rosé, retailing at $18.99, is a blend crafted from premium pinot noir grapes sourced across California, aiming to resonate with female audiences. The partnership, first introduced in November 2021, emphasizes narratives focusing on women, blending literature with wine enjoyment. A portion of profits will support literacy initiatives. Mallika Monteiro, EVP at Constellation Brands, expressed excitement about this celebratory collaboration.
Constellation Brands (NYSE: STZ, STZ.B) has announced the promotion of Kris Carey to Executive Vice President and Chief Human Resources Officer, effective May 9, 2022. Carey, who joined the company in 2013, succeeds Tom Kane, who will retire in May after a nine-year tenure. Carey will oversee HR support and global programs while ensuring a smooth transition with Kane. Constellation’s CEO, Bill Newlands, emphasized the importance of succession planning in maintaining the company's culture and talent investment.
Constellation Brands (NYSE: STZ, STZ.B) will report its financial results for the full fiscal year and Q4 on April 7, 2022, before U.S. markets open. The results pertain to the period ending February 28, 2022. A conference call led by CEO Bill Newlands and CFO Garth Hankinson will follow at 10:30 a.m. EDT. Interested parties can access the call via phone or listen to the live webcast on the company's website, where a replay will also be available. Constellation Brands continues to be a leader in the beverage alcohol industry, focusing on premium wine, beer, and spirits.
Constellation Brands has announced a leadership transition within its Beer Division effective January 24, 2022. Jim Sabia is promoted to Executive Vice President and President, Beer Division, while Paul Hetterich becomes Executive Vice President and Chair, Beer Division. Hetterich will oversee beer operations in Mexico and capital projects to meet rising consumer demand. The company emphasizes its ambition to maintain growth in the beer sector, highlighted by Modelo Especial as the #2 beer brand in the U.S. by dollar sales.
Constellation Brands (NYSE: STZ and STZ.B) announced its third quarter fiscal 2022 results on January 6, 2022. The company will hold a conference call at 10:30 a.m. EST to discuss the financial performance and future outlook. As a leader in the beverage alcohol market, Constellation Brands continues to grow, specializing in beer, wine, and spirits across the U.S., Mexico, New Zealand, and Italy, representing brands like Corona and Robert Mondavi. The full financial details are available in the accompanying PDF report.
Constellation Brands (NYSE: STZ, STZ.B) has announced a brand authorization agreement with The Coca-Cola Company to produce and market FRESCA™ Mixed cocktails in the U.S. set for launch this year. This innovative line of spirit-based, ready-to-drink cocktails taps into the $8 billion adult alternative beverage market, projected to grow at a CAGR of 15-17% over the next three years. FRESCA is currently the fastest-growing soft drink in Coca-Cola's portfolio, and this partnership aims to offer consumers a unique, flavorful cocktail experience.
Li-Cycle Holdings Corp. (NYSE: LICY) announced the appointment of Debbie Simpson as Chief Financial Officer (CFO), effective February 1, 2022. Simpson, who has over 30 years of experience in finance, will take over from retiring CFO Bruce MacInnis. Her previous roles include CFO at Maple Leaf Foods, where she was integral in securing over $2 billion in funding. Li-Cycle aims to expand globally in lithium-ion battery recycling, and Simpson's expertise is expected to drive growth and enhance shareholder value.
Constellation Brands (NYSE: STZ and STZ.B) will release its fiscal Q3 financial results for the period ending November 30, 2021, on January 6, 2022, prior to the U.S. market opening. A conference call, led by CEO Bill Newlands and CFO Garth Hankinson, is scheduled for 10:30 a.m. EST on the same day.
Access the call at www.cbrands.com. A webcast will be available, and a replay will be provided for those unable to attend.