Oct 6, 4:18 PM ET
Constellation Brands reported fiscal second-quarter 2027 net sales up 6% to $2,633 million and reported EPS up 25% to $3.32, though reported operating income fell 8% to $805 million. The company raised its fiscal 2027 reported EPS outlook to $11.85-$12.55 and reaffirmed its comparable EPS outlook of $11.20-$11.90, and it also announced the completed SpikedAde acquisition and a $1.03 quarterly dividend.
- Net sales rose 6% to $2,633 million; reported operating income fell 8% to $805 million, and reported operating margin was 30.6% versus 35.2% a year earlier.
- Reported EPS was $3.32, up 25%; comparable EPS was $3.74, up 3%.
- Fiscal 2027 reported EPS outlook updated to $11.85-$12.55; comparable EPS outlook reaffirmed at $11.20-$11.90.
- Quarterly dividend of $1.03 per Class A share is payable November 13, 2026, to holders of record on October 30, 2026; SpikedAde acquisition included a $75 million payment at close and up to $278 million of contingent consideration over five
Read the filing on SEC.gov ↗
Sep 18, 4:15 PM ET
On September 18, 2026, Constellation Brands entered into a Term Loan Credit Agreement with Manufacturers and Traders Trust Company as administrative agent, providing up to $300 million in delayed draw term loans in up to two draws. The company said it intends to use any proceeds for general corporate purposes, including repaying indebtedness, and the commitments expire no later than June 18, 2027, so the loan adds potential debt if drawn but no borrowing has been reported yet.
- Facility size: up to $300 million in aggregate principal across up to two draws, with commitments terminating no later than June 18, 2027
- Pricing: Term SOFR loans at a margin of 0.700% to 1.100% per year based on S&P or Moody's credit rating; ticking fee of 0.075% per year starting 30 days after September 18, 2026
- Covenants: minimum consolidated interest coverage ratio of 2.50:1.00 and maximum net leverage ratio of 4.00:1.00, stepping up to 4.50:1.00 for four quarters after a Material Acquisition
Read the filing on SEC.gov ↗
Jul 24, 4:15 PM ET
At its July 22, 2026 annual meeting, Constellation Brands stockholders approved an amended and restated Long-Term Stock Incentive Plan, extending it to July 22, 2036 and reserving 6,000,000 additional Class A shares for future grants. All 12 director nominees were elected, and the company also ratified KPMG LLP as its auditor and approved the executive compensation advisory vote.
- Plan term extended through July 22, 2036, with a reserve of 6,000,000 Class A shares for future grants.
- Plan amendment approved with 141,885,558 votes for and 2,943,598 against.
- All 12 director nominees elected to serve until the 2027 annual meeting; E. Morgan Flatley appointed to the Human Resources Committee.
- KPMG LLP ratified as independent auditor for the fiscal year ending February 28, 2027, with 149,792,033 votes for.
Read the filing on SEC.gov ↗
Jun 30, 4:08 PM ET
Constellation Brands reported first-quarter fiscal 2027 results for the quarter ended May 31, 2026. Reported net sales fell 3% to $2,432.7 million, while reported diluted EPS rose 31% to $3.79 and comparable EPS rose 7% to $3.43. The company updated its reported fiscal 2027 EPS outlook to $11.50-$12.20 and affirmed its comparable EPS outlook of $11.20-$11.90, and declared a $1.03 quarterly dividend.
- Reported net sales $2,432.7 million, down 3% from $2,515.0 million; organic net sales up 3%
- Reported operating income $845.3 million, up 18%; comparable operating income $834.2 million, up 6%
- Repurchased $324 million of shares year-to-date through June 2026; operating cash flow $662 million and free cash flow $485 million
- Quarterly dividend of $1.03 per Class A share payable August 13, 2026, to holders of record July 30, 2026
Read the filing on SEC.gov ↗
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