Welcome to our dedicated page for Constelltn Bnds news (Ticker: STZ), a resource for investors and traders seeking the latest updates and insights on Constelltn Bnds stock.
Constellation Brands, Inc. (NYSE: STZ) is an international producer and marketer of beer, wine, and spirits, and its news flow reflects this broad beverage alcohol portfolio. Company updates frequently highlight performance and trends in its high-end imported beer portfolio anchored by Corona Extra and Modelo Especial, as well as developments across wine brands such as The Prisoner Wine Company, Robert Mondavi Winery, Kim Crawford, Schrader Cellars, and Lingua Franca, and craft spirits brands including Casa Noble Tequila and High West Whiskey.
News releases for STZ often focus on quarterly financial results, where the company reports on its financial condition and results of operations for each fiscal quarter. These announcements typically include management commentary, non-GAAP metrics described as comparable, adjusted, or organic, and updates to fiscal outlook, including segment-level expectations for beer and wine and spirits.
Investors following STZ can also expect news about capital markets activity, such as the pricing and issuance of senior notes, the use of automatic shelf registration statements, and updates on share repurchase authorizations and dividend declarations. The company has disclosed offerings of senior notes due 2035 and related indenture arrangements, as well as the filing of a resale prospectus supplement for shares of Class A Common Stock.
Additional news items include announcements of conference presentations, changes in senior management roles, amendments to corporate by-laws, and timing of earnings conference calls. For readers tracking Constellation Brands, this news page provides a centralized view of how the company communicates about its beer, wine, and spirits businesses, its financial outlook, and its governance and financing decisions over time.
Constellation Brands (NYSE: STZ, STZ.B) will report its fiscal Q2 2022 financial results on October 6, 2021, before the U.S. market opens. This announcement includes a conference call at 10:30 a.m. EDT to discuss results and future outlook, led by CEO Bill Newlands and CFO Garth Hankinson. The call can be accessed at +1-877-673-1771, using conference ID 6328319. A live webcast will also be available on their website. Constellation Brands emphasizes their commitment to growing their beverage alcohol portfolio.
Constellation Brands (NYSE: STZ, STZ-B) will have its CFO, Garth Hankinson, present virtually at the 2021 Barclays Global Consumer Staples Conference on September 8, 2021, at noon ET. The presentation will cover the company’s strategic initiatives, financial metrics, and future outlook. A live webcast will be available on their website, with a replay accessible until October 8, 2021. Constellation Brands is a leading producer of beer, wine, and spirits, known for iconic brands like Corona and Kim Crawford.
Constellation Brands has announced the full redemption of its 2.700% and 2.650% Senior Notes due 2022, totaling $1.2 billion, scheduled for August 25, 2021. The redemption will include an estimated cash make-whole premium of around $27 million. This move indicates the company's strategy to manage its debt effectively as it continues to operate in the beverage alcohol sector, which includes well-known brands like Corona and Modelo.
Constellation Brands announced a public offering of $1 billion in 2.250% Senior Notes due 2031, priced at 99.555% of the principal amount. The offering is expected to close on July 26, 2021. Proceeds will be utilized to redeem existing 2.700% Senior Notes due 2022 totaling $500 million, along with general corporate purposes, potentially including the repayment of near-term debt. BofA Securities, Goldman Sachs, and J.P. Morgan are leading the offering.
Constellation Brands (NYSE: STZ and STZ-B) has announced an accelerated share repurchase agreement with Goldman Sachs to repurchase $500 million of its Class A common stock. Approximately 1.7 million shares will be repurchased by July 2, 2021, based on a stock price of $230.98. This move reflects the company's commitment to maximizing shareholder value as part of its objective to return $5 billion to shareholders by fiscal 2023. The transaction is funded by cash on hand and will not alter fiscal 2022 EPS guidance.
Constellation Brands (NYSE: STZ, STZ-B) reported its first quarter fiscal 2022 results on June 30, 2021. The company is recognized as a major player in the beverage alcohol industry. A conference call led by CEO Bill Newlands and CFO Garth Hankinson will take place the same day at 11:30 a.m. (EDT) to discuss these results.
Constellation Brands continues to grow its portfolio of well-known beer, wine, and spirits brands, enhancing its position in the market.
Constellation Brands (NYSE: STZ, STZ-B) has announced its acquisition of a minority stake in Dos Hombres, a craft mezcal brand by Breaking Bad stars Aaron Paul and Bryan Cranston. The deal aims to enhance Constellation's presence in the growing U.S. mezcal market, which saw a 14% growth in 2020. Dos Hombres is independently owned and invested in maintaining its production authenticity. The investment aligns with Constellation's strategy to support high-potential beverage brands.
Constellation Brands (NYSE: STZ, STZ.B) has partnered with Modelo to donate $500,000 to UnidosUS, aimed at enhancing financial security for Hispanic families through empowerment and homeownership initiatives. This donation highlights the ongoing issues faced by Hispanic communities, particularly during the economic hardships of the COVID-19 pandemic. The funds will support financial literacy and counseling programs, enabling over 590,000 families to access housing resources and helping 30,000 buy homes, thus addressing systemic barriers to wealth building.
LiveXLive Media's React Presents announced that the Spring Awakening Music Festival (SAMF) has sold out its Tier 1 General Admission and VIP tickets for October 2-3, 2021. Limited Tier 2 tickets remain available. The festival, featuring top artists like Martin Garrix and Diplo, will host over 70 performers across four stages. The Ultimate VIP experience includes exclusive amenities and a 1-year LiveXLive premium membership. This event marks SAMF's return to Chicago, aiming to enhance LiveXLive's distribution strategy across multiple platforms.
Constellation Brands (NYSE: STZ, STZ-B) will announce its fiscal Q1 2021 financial results on June 30, 2021, before U.S. market opening. The results will cover the period ending on May 31, 2021. A conference call, featuring CEO Bill Newlands and CFO Garth Hankinson, is set for 11:30 a.m. EDT on the same day. Interested parties can join the call by dialing +1-877-673-1771 and using the conference ID 2996440. A live webcast will also be available on the company's website, along with a financial reconciliation.
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