Constellation Brands SEC filings document the formal disclosures of a beverage alcohol producer and marketer with Class A common stock listed on the New York Stock Exchange under STZ. Its 8-K filings report financial condition and results of operations, Regulation FD releases, non-GAAP measure references and guidance-related risk language.
The company’s filings also cover capital-structure and financing matters, including senior notes, supplemental indentures, shelf registration statements, resale prospectus supplements and credit agreement activity. Governance and material-event disclosures include executive leadership transitions, compensatory arrangements, shareholder voting matters, material agreements and other corporate events affecting the company’s public-company record.
Constellation Brands, Inc. (STZ) reported Second Quarter 2027 net sales of $2,633.0 million, up 6% from $2,481.0 million, while operating income fell 8% to $805.0 million. Net income attributable to CBI rose 21% to $565.8 million and diluted earnings per share increased 25% to $3.32, primarily due to a lower income-tax provision. The operating-income decline reflected asset impairment, higher marketing spending and unfavorable short-term incentive accruals.
For Six Months 2027, net sales increased 1% to $5,065.7 million, operating income rose 4% to $1,650.3 million, and net income attributable to CBI grew 24% to $1,219.6 million. Wine and Spirits net sales declined 26%, primarily reflecting $142.0 million of sales lost from the 2025 Wine Divestitures, despite 11.5% organic shipment growth. Management expects a Fiscal 2027 reported effective tax rate of 11% to 13%, including an estimated income-tax benefit of approximately $100 million to $150 million in the quarter ending November 30, 2026.
In October 2026, the company acquired SpikedAde for an initial purchase price of $75 million, with contingent consideration of up to $278 million payable over five years based on future performance. SpikedAde results will be included in the Beer segment from the acquisition date.
Constellation Brands (STZ) reported fiscal 2027 second-quarter net sales of $2.633 billion, up 6% year over year. GAAP operating income was $805.0 million, down 8%; net income attributable to Constellation was $565.8 million, up 21%. Diluted GAAP EPS was $3.32, up 25%, while comparable EPS was $3.74, up 3%.
Beer segment net sales rose 5% to $2.474 billion, with segment operating income up 1% to $964.2 million. Wine and Spirits net sales rose 17% to $159.4 million; its segment operating income was $6.1 million, compared with a $19.8 million loss a year earlier.
Fiscal 2027 guidance is reported EPS of $11.85–$12.55 and comparable EPS of $11.20–$11.90; operating cash flow is projected at $2.4–$2.5 billion and free cash flow at $1.6–$1.7 billion. Constellation completed its acquisition of SpikedAde for $75 million at close for 100% ownership, plus up to $278 million in contingent consideration payable over five years based on future performance. The board declared quarterly dividends of $1.03 per Class A Common Stock share and $0.93 per Class 1 Convertible Common Stock share, payable November 13, 2026, to holders of record October 30, 2026.
Constellation Brands, Inc. (STZ) entered into a new Term Loan Credit Agreement providing a delayed draw term loan facility of up to $300 million, available in up to two borrowings. The company states it intends to use any borrowings for general corporate purposes, including repayment of indebtedness.
Commitments under the facility end on the earliest of full draw/termination, the second funding date, or June 18, 2027, and any Term Loans will mature two years after the initial borrowing date. The loans will bear interest at the company’s option at Term SOFR + 0.700%–1.100% or Base Rate + 0.000%–0.100%, in each case based on the company’s credit ratings from S&P or Moody’s, with a 0.075% per annum ticking fee on undrawn commitments beginning 30 days after September 18, 2026.
The agreement includes covenants aligned with the existing revolving credit facility, including a minimum Consolidated Interest Coverage Ratio of 2.50:1.00 and a maximum Consolidated Net Leverage Ratio of 4.00:1.00, calculated net of up to $750 million of unrestricted cash and cash equivalents, with a step-up to 4.50:1.00 for four fiscal quarters following a defined Material Acquisition. Customary events of default allow acceleration of the loans and termination of commitments.
CONSTELLATION BRANDS, INC. (STZ) announced that it has given notice for the full redemption, prior to maturity, of all outstanding 4.350% Senior Notes due 2027. The redemption is expected to be effected on September 18, 2026. As of September 8, 2026, these notes had an aggregate principal amount of $600.0 million outstanding.
The company intends to fund the redemption using commercial paper borrowings and/or cash on hand. The redemption price will be paid in cash and calculated under the formula in the supplemental indenture governing the notes. The disclosure was furnished under Regulation FD.
Zaramella Luca reported acquisition or exercise transactions in this Form 4 filing.
Constellation Brands director Luca Zaramella received a grant of 1,400 Restricted Stock Units, each representing one share of Class A Common Stock. All units vest on July 10, 2027, with shares delivered at vesting. Following this award, he directly holds 1,400 RSUs.
SANDS ROBERT reported acquisition or exercise transactions in this Form 4 filing.
Constellation Brands, Inc. director and ten percent owner Robert Sands received a grant of 1,400 restricted stock units on 2026-07-22. Each unit represents a contingent right to one share of Class A Common Stock and is scheduled to vest on 2027-07-10.
SANDS RICHARD reported acquisition or exercise transactions in this Form 4 filing.
Constellation Brands director and 10% owner Richard Sands received a grant of 1,400 restricted stock units on 2026-07-22. Each unit represents a contingent right to receive one share of Class A Common Stock, with all 1,400 units scheduled to vest on 2027-07-10.
After this award, Sands holds 1,400 restricted stock units directly.
MCCARTHY DANIEL J reported acquisition or exercise transactions in this Form 4 filing.
Constellation Brands, Inc. director Daniel J. McCarthy received a grant of 1,400 restricted stock units on 2026-07-22. Each unit represents a contingent right to receive one share of Class A Common Stock. All 1,400 units vest on 2027-07-10, with shares delivered to him at vesting, resulting in 1,400 RSUs reported as directly held.
Madero Garza Jose Manuel reported acquisition or exercise transactions in this Form 4 filing.
CONSTELLATION BRANDS, INC. director Jose Manuel Madero Garza received a grant of 1,400 restricted stock units on July 22, 2026. Each unit represents a contingent right to one share of Class A Common Stock and will vest on July 10, 2027, with shares delivered net of any tax withholding. Following this award, he directly holds 1,400 restricted stock units.
Hernandez Ernesto M reported acquisition or exercise transactions in this Form 4 filing.
CONSTELLATION BRANDS, INC. director Ernesto M. Hernandez received a grant of 1,400 Restricted Stock Units on 2026-07-22, each representing a contingent right to receive one share of Class A Common Stock. All units vest on 2027-07-10, with shares delivered net of any withheld for taxes, leaving 1,400 RSUs reported as directly owned after the award.