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 and STZ.B) announced a deal to divest a portion of its wine portfolio to The Wine Group. This includes brands like Cooper & Thief and Charles Smith Wines. The transaction is expected to close today, indicating Constellation's strategic shift towards premium and fine wines while divesting mainstream brands. Executive Robert Hanson emphasized the focus on consumer preferences and premiumization trends. This shift aims to enhance growth and shareholder value, with a streamlined portfolio of strong brands remaining.
Constellation Brands (NYSE: STZ, STZ.B) will report its second quarter financial results for the period ending August 31, 2022, on October 6, 2022, before U.S. market open. The announcement will be followed by a conference call at 10:30 a.m. EDT, featuring President Bill Newlands and CFO Garth Hankinson. Investors can participate by dialing +1-877-407-9121 or via a live webcast on the company's investor relations site. Key financial measures will be available online, ensuring comprehensive insights for shareholders.
Constellation Brands (NYSE: STZ and STZ.B) has announced that Garth Hankinson, Executive Vice President and CFO, will participate in a fireside chat at the 2022 Barclays Global Consumer Staples Conference in Boston on September 7, 2022, starting at 11:15 a.m. ET. The discussion will include the company’s strategic business initiatives, financial metrics, and operating performance. A live webcast will be available on their investor relations site, with a replay accessible until October 7, 2022.
Constellation Brands (NYSE: STZ, STZ.B) has committed $700,000 over two years to support The Nature Conservancy’s (TNC) water management initiatives. Aimed at enhancing watershed health in California, this donation aligns with Constellation's water replenishment goals, which target restoring approximately 1.1 billion gallons of water by FY 2025. The funding supports TNC's Global Resilient Watersheds program and dynamic water management strategies in key California regions. This initiative highlights Constellation's broader commitment to sustainability and environmental responsibility.
Constellation Brands (NYSE: STZ, STZ-B) announced a proposal to eliminate its Class B common stock, subject to shareholder approval. This proposal involves converting each Class B share into one Class A share plus $64.64 in cash, totaling $1.5 billion, which represents a 26.5% premium over the Class A stock's closing price on June 29, 2022. The reclassification aims to enhance corporate governance and reduce operating costs by approximately $15-20 million in fiscal 2022. The Sands Family will maintain significant ownership but will have reduced voting power.
Constellation Brands reported its first quarter fiscal 2023 financial results on June 30, 2022. The company is a major player in the beverage alcohol industry, offering a diverse portfolio that includes popular beer brands such as Corona and Modelo, as well as premium wines and spirits. A conference call discussing these results and future outlook is scheduled for the same day at 10:30 a.m. EDT. For more details, visit their investor relations page.
Constellation Brands (NYSE: STZ and STZ.B) has announced that its subsidiary Greenstar Canada Investment Limited Partnership will sell C$100 million in 4.25% senior notes to Canopy Growth Corporation. This transaction is part of a larger exchange involving C$255 million in notes, where Greenstar will receive Canopy's common shares. Based on trading prices, Greenstar may obtain up to 30.7 million shares, representing about 7.6% of Canopy's outstanding shares. Additionally, due to a recent amendment, any note conversions will now occur in cash rather than shares.
Constellation Brands (NYSE: STZ, STZ.B) has announced the retirement of Patty Yahn-Urlaub as head of Investor Relations, effective July 22, 2022. Joseph Suarez will take over the role on July 1, 2022. He joined the company in November 2021 as Vice President, Investor Relations, and has prior experience at Teneo, BHP, and Rio Tinto. The transition aims to ensure continuity in the investor relations function, which is deemed critical for the company's future growth and ongoing communication with investors.
Constellation Brands (NYSE: STZ, STZ-B) will report its financial results for the first quarter ended May 31, 2022, on June 30, 2022, before U.S. markets open. A conference call will be hosted by CEO Bill Newlands and CFO Garth Hankinson at 10:30 a.m. EDT on the same day. Investors can access the call by dialing +1-877-407-9121 using conference ID 13730234 or via a live webcast on the company’s website. The call will include financial discussions and a reconciliation of GAAP to non-GAAP measures available online.
Constellation Brands (NYSE: STZ, STZ.B) announced that CFO Garth Hankinson will present at the 2022 RBC Capital Markets Global Consumer and Retail Conference on June 2, 2022, at 12:00 p.m. ET in Boston, MA. The presentation will highlight the company's strategic business initiatives, financial metrics, and future outlook. A live webcast will be available on their website, and a replay will be accessible until July 1, 2022. Constellation Brands aims to connect through its premium beer, wine, and spirits brands, reinforcing its position as a leader in the beverage alcohol industry.
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