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 and STZ.B) will release its fiscal Q3 financial results for the period ending November 30, 2021, on January 6, 2022, prior to the U.S. market opening. A conference call, led by CEO Bill Newlands and CFO Garth Hankinson, is scheduled for 10:30 a.m. EST on the same day.
Access the call at www.cbrands.com. A webcast will be available, and a replay will be provided for those unable to attend.
Constellation Brands (NYSE: STZ, STZ-B) announced that CEO Bill Newlands will present at the 2021 Morgan Stanley Global Consumer and Retail Conference on November 30, 2021, at 11:00 a.m. ET. The virtual presentation will discuss the company’s strategic initiatives, financial metrics, and future outlook. A live webcast will be available on their website, and a replay will be accessible until January 5, 2022. Constellation Brands is a leader in the beverage alcohol industry, producing renowned brands like Corona and Robert Mondavi.
Constellation Brands (NYSE: STZ and STZ.B) reported its second quarter fiscal 2022 results on October 6, 2021. The company is a leading producer and marketer of beverage alcohol, including iconic brands such as Corona and Robert Mondavi. A conference call discussing the results and future outlook will be hosted by CEO Bill Newlands and CFO Garth Hankinson at 10:30 a.m. EDT.
The firm remains focused on growth and innovation in the beverage industry.
Constellation Brands has announced a new multi-year partnership with the New York Jets and New York Giants, enhancing its presence in the New York football market through its Modelo and Corona brands. The partnership includes the formation of branded activation spaces at MetLife Stadium, specifically the Corona Beach Club and Modelo Cantina, aimed at improving fan engagement. The partnership will feature various digital marketing efforts, including team app integration for mobile ordering and brand visibility during the NFL season.
Constellation Brands (NYSE: STZ, STZ.B) will report its fiscal Q2 2022 financial results on October 6, 2021, before the U.S. market opens. This announcement includes a conference call at 10:30 a.m. EDT to discuss results and future outlook, led by CEO Bill Newlands and CFO Garth Hankinson. The call can be accessed at +1-877-673-1771, using conference ID 6328319. A live webcast will also be available on their website. Constellation Brands emphasizes their commitment to growing their beverage alcohol portfolio.
Constellation Brands (NYSE: STZ, STZ-B) will have its CFO, Garth Hankinson, present virtually at the 2021 Barclays Global Consumer Staples Conference on September 8, 2021, at noon ET. The presentation will cover the company’s strategic initiatives, financial metrics, and future outlook. A live webcast will be available on their website, with a replay accessible until October 8, 2021. Constellation Brands is a leading producer of beer, wine, and spirits, known for iconic brands like Corona and Kim Crawford.
Constellation Brands has announced the full redemption of its 2.700% and 2.650% Senior Notes due 2022, totaling $1.2 billion, scheduled for August 25, 2021. The redemption will include an estimated cash make-whole premium of around $27 million. This move indicates the company's strategy to manage its debt effectively as it continues to operate in the beverage alcohol sector, which includes well-known brands like Corona and Modelo.
Constellation Brands announced a public offering of $1 billion in 2.250% Senior Notes due 2031, priced at 99.555% of the principal amount. The offering is expected to close on July 26, 2021. Proceeds will be utilized to redeem existing 2.700% Senior Notes due 2022 totaling $500 million, along with general corporate purposes, potentially including the repayment of near-term debt. BofA Securities, Goldman Sachs, and J.P. Morgan are leading the offering.
Constellation Brands (NYSE: STZ and STZ-B) has announced an accelerated share repurchase agreement with Goldman Sachs to repurchase $500 million of its Class A common stock. Approximately 1.7 million shares will be repurchased by July 2, 2021, based on a stock price of $230.98. This move reflects the company's commitment to maximizing shareholder value as part of its objective to return $5 billion to shareholders by fiscal 2023. The transaction is funded by cash on hand and will not alter fiscal 2022 EPS guidance.
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