Constelltn Bnds Stock Price, News & Analysis

Constellation Brands (NYSE: STZ) reported its fiscal year and fourth quarter 2023 financial results on April 6, 2023, showcasing strong performance in the beverage alcohol sector.

The company's portfolio includes renowned brands like Corona and Modelo, driving growth across its operations in the U.S., Mexico, New Zealand, and Italy. Constellation is committed to sustainability, promoting responsible consumption, and enhancing social equity.

Financial specifics and the fiscal year 2024 outlook were discussed in a conference call led by CEO Bill Newlands and CFO Garth Hankinson.

Constellation Brands has announced a multi-year partnership with Tastemade to launch a new content studio aimed at engaging consumers globally in the wine and spirits sector. This partnership will create original streaming and social content, including the upcoming series "Street Somm," which features a sommelier exploring local cuisine and wine pairings across the U.S. The collaboration aims to attract a younger demographic to Constellation's portfolio of brands, including Robert Mondavi and Kim Crawford, leveraging Tastemade's global audience of over 300 million viewers.

Constellation Brands, Inc. (NYSE: STZ) has announced a two-year commitment of $400,000 to support water stewardship initiatives in collaboration with The Nature Conservancy. This funding will aid conservation projects aimed at enhancing the water quality and availability of the Rio Grande, benefiting over 6 million people. Additionally, the initiative supports sustainable agriculture and groundwater protection, with a goal to restore approximately 1.1 billion gallons of water withdrawals by 2025.

Constellation Brands (NYSE: STZ) will announce its financial results for the full fiscal year and fourth quarter ending February 28, 2023, on April 6, 2023, before U.S. market open. The discussion will be led by CEO Bill Newlands and CFO Garth Hankinson at 10:30 a.m. EDT. Interested parties can join via a toll-free number or listen to the live webcast on the company’s investor relations website. Comprehensive financial details, including a reconciliation of GAAP and non-GAAP measures, will also be available on the site.

Constellation Brands (NYSE: STZ) announced that CEO Bill Newlands will present at the 2023 Consumer Analyst Group of New York Conference on February 23, 2023, at 3:00 p.m. ET in Boca Raton, FL. The presentation will cover the company’s strategic initiatives, financial metrics, and operating performance, along with future outlook. A live webcast will be available on the company’s investor relations website, where a replay will also be accessible until March 31, 2023. Constellation Brands is a leading producer of beer, wine, and spirits with operations across the U.S., Mexico, New Zealand, and Italy.

Constellation Brands (NYSE: STZ) announced a public offering of $500 million in 5.000% Senior Notes due 2026, priced at 99.829% of the principal amount. The offering is set to close on February 2, 2023. Proceeds will be used for general corporate purposes, notably to repay part of the existing indebtedness under a delayed draw term loan facility from August 2022. This issuance is a senior obligation ranking equally with other senior unsecured debts of the company. BofA Securities, Goldman Sachs, and J.P. Morgan are managing the offering.