Here are the 10-K annual reports from Constellation Brands, Inc. (STZ) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow STZ and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full STZ filings page.
Constellation Brands outlines its global beer, wine, and spirits operations and strategic focus in its Fiscal 2026 annual report. Consolidated net sales were $9,139.0 million for the year ended February 28, 2026, compared with $10,208.7 million a year earlier, reflecting major wine and spirits divestitures.
The Beer segment generated net sales of $8,315.2 million versus $8,539.8 million in Fiscal 2025, anchored by leading U.S. brands Modelo Especial and Corona. Wine and Spirits net sales declined to $823.8 million from $1,668.9 million, following the 2025 Wine Divestitures that shifted the portfolio to higher‑end brands.
The company continues heavy investment in Mexican brewery capacity, spending more than $700 million on modular expansion in Fiscal 2026 and planning approximately $800 million of largely similar capital expenditures in Fiscal 2027. It highlights extensive risk factors, including potential declines in alcohol consumption, tariffs, water and raw material constraints, cybersecurity threats, climate and weather events, and execution risks around acquisitions, divestitures, and a Chief Executive Officer transition.