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 (STZ) is a leading international producer of premium alcoholic beverages, renowned for its strategic market presence and iconic brands. This page serves as your centralized source for official company announcements, financial updates, and industry developments.
Access real-time insights into STZ's business trajectory through curated press releases covering earnings reports, product innovations, sustainability initiatives, and strategic partnerships. Investors will find essential updates on shareholder value drivers, while industry professionals gain visibility into market trends shaped by the company's operations.
Our news collection features:
- Quarterly financial results and analyst commentary
- Product portfolio expansions across beer, wine, and spirits categories
- Strategic investments in emerging market segments
- Operational milestones and distribution network updates
For stakeholders tracking the alcoholic beverage sector, this resource offers reliable information directly from corporate sources. Bookmark this page to maintain informed perspectives on STZ's market position and industry leadership.
On May 10, 2022, SoundCommerce announced the acquisition of Outlier.ai to enhance its growth and expand its sales, marketing, and customer success teams. This strategic move aims to optimize profitability for direct-to-consumer brands and retailers, including notable clients like Constellation Brands (NYSE:STZ) and BRCC (NYSE:BRC). Additionally, Steve Davis has been appointed as Chief Revenue Officer, bringing 25 years of experience to drive partnership alliances and enhance customer success.
Constellation Brands (NYSE: STZ and STZ.B) announced the expiration of its cash tender offers for outstanding 3.20% and 4.25% Senior Notes due 2023 on May 6, 2022. A total of $401.8 million (66.96%) of the 3.20% notes and $680.1 million (64.77%) of the 4.25% notes were validly tendered. Payments for these notes will occur on or around May 9 and May 11 for the guaranteed delivery. Additionally, a full redemption notice has been given for remaining 2023 Notes to occur on June 8, 2022, including a make-whole premium of approximately $7 million.
Constellation Brands (NYSE: STZ, STZ-B) has announced the pricing of cash tender offers for its 3.20% and 4.25% Senior Notes due 2023. The offers will expire today at 5:00 p.m. NYC time. Holders of the validly tendered notes will receive the applicable Tender Offer Consideration along with accrued interest until the settlement date, expected on May 9, 2022. The offers are subject to conditions outlined in the Offer Documents. Investors are encouraged to review these documents for detailed terms before making decisions regarding their notes.
Constellation Brands (NYSE: STZ, STZ-B) announced the pricing of a public offering of $1.85 billion in Senior Notes. This includes $550 million of 3.60% Senior Notes due in 2024, $600 million of 4.35% Senior Notes due in 2027, and $700 million of 4.75% Senior Notes due in 2032. The company plans to use proceeds to fund cash tender offers for existing 3.20% Senior Notes and 4.25% Senior Notes due in 2023, with any excess for general corporate purposes. The offering is expected to close on May 9, 2022.
Constellation Brands (NYSE: STZ, STZ-B) announced cash tender offers for its outstanding 3.20% and 4.25% Senior Notes due 2023. The Offers commenced on May 2, 2022, with an expiration date set for May 6, 2022. The company aims to purchase up to $600 million of 3.20% notes and $1.05 billion of 4.25% notes. Holders who validly tender their notes will receive accrued interest and will be settled on May 9, 2022. The Offers are contingent on the successful completion of a new senior notes offering.
Constellation Brands has announced an accelerated share repurchase (ASR) agreement with Bank of America for $500 million of its Class A common stock. The company will receive approximately 1.7 million shares on April 8, 2022, representing about 80% of expected share repurchases. The total transaction is projected to complete by May 2022. This ASR utilizes cash on hand and will not affect the fiscal 2023 EPS guidance. The company retains approximately $2.6 billion in its current repurchase authorization.
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.