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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.
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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.
Constellation Brands (NYSE: STZ) announced that James A. Locke III will retire from its Board of Directors at the end of his current term, not seeking re-election at the Annual Shareholders Meeting in July 2023. Locke's retirement follows nearly 50 years of support for the company, with 40 years as a board member, providing expertise in corporate law and governance. He played a crucial role during key transformations, including major acquisitions that shaped the company's beverage alcohol portfolio. His departure raises questions about potential leadership continuity as the company transitions to new board leadership roles.
Constellation Brands (NYSE: STZ) released its third quarter fiscal 2023 financial results on January 5, 2023. The company is recognized as a leading player in the beverage alcohol sector, emphasizing high-quality brands like Corona and The Prisoner Wine Company. A conference call to discuss the results will take place on January 5, 2023, at 10:30 a.m. ET. Investors can access detailed financial tables and analysis through a provided link.