Every 10-Q that Constellation Brands, Inc. (STZ) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, 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 delivered stronger profitability in First Quarter 2027 even as sales declined modestly. Net sales were $2.43 billion, down 3% year over year, mainly from prior wine divestitures, while Beer net sales grew 2% on shipment growth and pricing.
Gross margin expanded to 54.3% from 50.4%, helped by favorable commodity hedge results, higher-margin mix after divestitures, and beer pricing. Operating income rose 18% to $845.3 million. Net income attributable to CBI increased 27% to $653.8 million, and diluted EPS grew to $3.79 from $2.90.
Operating cash flow was strong at $661.8 million, funding $177.2 million of capital spending, $223.8 million of share repurchases, and dividends. The company issued $500 million of 4.85% senior notes due 2031 and redeemed $600 million of 3.70% notes, while maintaining $1.90 billion of revolver capacity and continuing a restructuring program targeting over $200 million in annualized savings by Fiscal 2028.
Constellation Brands, Inc. reports much higher profitability for the nine months ended November 30, 2025, despite lower revenue. Net sales were $7,218.8 million versus $8,044.5 million a year earlier, but net income attributable to CBI jumped to $1,484.9 million from $293.9 million, with diluted earnings per Class A share rising to $8.43 from $1.61. Operating income improved sharply as the prior year included a $2,250.0 million goodwill impairment in the Wine and Spirits business.
The company reshaped its portfolio, selling mainstream wine and spirits assets in the 2025 Wine Divestitures for cash proceeds of $845.9 million and recording a $31.0 million loss on the sale, and divesting the SVEDKA brand earlier in 2025. Cash flow from operations was strong at $2,106.2 million, helping fund $656.1 million of capital spending, $824.1 million of share repurchases, and $538.8 million of dividends. Long-term debt stood at $10,285.1 million after issuing new May 2025 and October 2025 senior notes and redeeming or repaying several older notes. The ongoing 2025 Restructuring Initiative has generated $106.1 million of cumulative pre-tax costs to date, with total costs now estimated at $110 million to $130 million.
Constellation Brands (STZ) reported several significant developments in their Q2 2026 filing. The company completed key transactions including the $158.7 million acquisition of Sea Smoke, a luxury California wine brand, and executed the 2025 Wine Divestitures, selling certain mainstream wine brands and facilities.
The company's financial position shows long-term debt of $10.29 billion as of August 31, 2025, with an estimated fair value of $9.68 billion. They enhanced their credit facilities by amending their senior credit agreement to increase the revolving credit facility to $2.25 billion and extending maturity to April 2030. Additionally, they secured a new $500 million term loan facility in May 2025.
On the capital return front, Constellation repurchased 3.38 million shares of Class A Stock for $604 million and has announced plans to return approximately $4 billion to shareholders through share repurchases from Fiscal 2026 through 2028. The company is implementing efficiency and cost optimization initiatives that delivered over $105 million in net benefits for the first six months of 2026, helping offset increased costs from aluminum tariffs and production challenges.