Welcome to our dedicated page for Constellation Brands news (Ticker: STZ), a resource for investors and traders seeking the latest updates and insights on Constellation Brands stock.
Constellation Brands, Inc. (NYSE: STZ) is a leading international producer and marketer of beer, wine, and spirits with a remarkable presence in the U.S., Canada, Mexico, New Zealand, and Italy. The company is recognized as the third-largest producer and marketer of beer in the U.S. market and the global leader in premium wine. Their extensive portfolio includes renowned brands such as Corona Extra, Modelo Especial, Robert Mondavi, and SVEDKA Vodka.
Headquartered in Victor, NY, Constellation Brands is committed to building brands that people love, focusing on quality and consumer satisfaction. They generate approximately 80% of their revenue from Mexican beer imports, making them a significant player in this segment. In addition to their prowess in beer, Constellation continues to innovate within the wine and spirits categories, enhancing their offerings with select premium brands.
Financially, Constellation Brands has shown impressive growth and profitability, bolstered by strategic partnerships and acquisitions. They own a 36% stake in Canopy Growth, a Canadian cannabis company, and have a joint venture with glass manufacturer Owens-Illinois. These strategic moves have positioned the company for continued growth and market leadership.
Constellation Brands is also dedicated to sustainability and ESG (Environmental, Social, and Governance) goals. Recently, they released their 2023 ESG Impact Report, highlighting achievements such as restoring over 1.1 billion gallons of water withdrawals, with a new target to restore 5 billion gallons by FY2025. They are also advancing their environmental stewardship with goals for zero waste certification and circular packaging by FY2025.
The company’s social initiatives include a $200 million investment in female- and minority-founded businesses within the beverage alcohol industry. They have formed impactful partnerships with organizations like Dress for Success and UnidosUS to support underserved communities.
Constellation Brands continues to enhance governance practices, including transitioning to a single class of common stock and refreshing their Board. These initiatives reflect their commitment to creating long-term value for shareholders while adhering to the highest standards of corporate governance.
For more detailed updates and financial results, please visit their official website and follow them on social media platforms like X, Instagram, and LinkedIn.
Constellation Brands (NYSE: STZ, STZ.B) announced that its CFO, Garth Hankinson, will present virtually at the 2020 Barclays Global Consumer Staples Conference on September 9, 2020, at 11:20 a.m. ET. The presentation will cover the company’s strategic initiatives, financial metrics, and future outlook. A live webcast will be available on the company’s website, with a replay accessible until October 9, 2020. Constellation Brands is a top international producer of beverage alcohol, featuring iconic brands like Corona and Robert Mondavi.
Constellation Brands (NYSE: STZ) announced its first quarter fiscal 2021 results on July 1, 2020. The earnings report reflects the company's performance and outlines future expectations. A conference call will be held to discuss the financial results at 11:30 a.m. EDT. Constellation Brands is recognized for its premium beverage alcohol portfolio, including brands like Corona and Robert Mondavi. The company continues to focus on growth and enhancing shareholder value.
Constellation Brands (NYSE: STZ) has announced the acquisition of Empathy Wines, a digital wine brand co-founded by Gary Vaynerchuk. This move aims to enhance Constellation's direct-to-consumer (DTC) capabilities and align with its vision of innovative high-end brands. Empathy Wines, known for sustainably produced wines, has rapidly gained market traction, selling 15,000 cases since its 2019 launch. Company leadership sees potential for significant growth through the integration of Empathy's digital marketing expertise and consumer insights.
Constellation Brands (NYSE: STZ) has announced the divestiture of the Paul Masson Grande Amber Brandy brand to Sazerac Company for approximately $255 million. This transaction, subject to FTC review, is expected to close in the second quarter of fiscal 2021. Additionally, Constellation will divest the Nobilo Wine brand to E. & J. Gallo Winery for $130 million, also contingent on regulatory approvals. These moves aim to transform Constellation's wine and spirits business and align with its strategic objectives.
Constellation Brands (NYSE: STZ) announced it will report financial results for its fiscal first quarter ending May 31, 2020, on July 1, 2020, before U.S. markets open. A conference call will follow at 11:30 a.m. EDT, featuring President & CEO Bill Newlands and CFO Garth Hankinson. Interested parties can access the call by dialing +1-877-673-1771. The results will be posted on Constellation's website, providing insights into the company’s performance in the alcoholic beverage market.
Constellation Brands (NYSE: STZ) announced an amended agreement with E. & J. Gallo Winery to divest a portion of its wine and spirits portfolio. The new deal, revised to address FTC concerns, excludes the Mission Bell facility and adjusts the transaction price to approximately $1.03 billion, with $250 million contingent on future brand performance. The transaction is expected to close in the second quarter of fiscal 2021, pending FTC review. Additionally, Constellation plans to divest the Nobilo Wine brand for $130 million around the same timeframe.
Constellation Brands (NYSE: STZ) announced that CFO Garth Hankinson will present at the 2020 RBC Capital Markets Global Consumer and Retail Virtual Conference on May 27, 2020, at 11:20 a.m. EDT. The presentation will address strategic initiatives, financial metrics, and future outlook. A live webcast will be available on the company's website, with a replay accessible until June 27, 2020. Constellation Brands is a leading producer of beer, wine, and spirits, known for iconic brands like Corona and Robert Mondavi.
Constellation Brands (NYSE: STZ), a prominent beverage alcohol company, has announced the full redemption of its outstanding 2.250% Senior Notes due 2020, totaling $700 million, effective May 27, 2020. The redemption price will include a make-whole premium of approximately $6 million, calculated as per the supplemental indenture. This strategic move highlights Constellation's focus on managing its debt effectively and optimizing its capital structure. With operations spread across the U.S., Mexico, New Zealand, and Italy, the company is recognized as the third-largest beer producer in the U.S. and a leader in higher-end wines and spirits. The announcement reflects the company’s ongoing commitment to enhancing shareholder value through prudent financial management.