---
schema_version: "secwatch.filing_event.v1"
accession: "0000016918-23-000004"
form_type: "8-K"
ticker: "STZ"
cik: "0000016918"
company_name: "CONSTELLATION BRANDS, INC."
filed_at: "2023-01-05T23:59:59+00:00"
generated_at: "2026-06-20T19:43:22.895174+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Constellation Q3 FY2023: net sales +5% to $2.44B; beer outlook raised; dividend declared

## Summary
- Comparable diluted EPS ex-Canopy $3.01 (-12% YoY); reported EPS $2.52 (+2% YoY).
- Beer business net sales and operating income growth outlook raised for fiscal 2023.
- Quarterly dividend of $0.80/Class A and $0.72/Class 1 shares payable Feb 22, 2023.
- Comparable operating income $770M (-7% YoY); reported operating income $747M (-11% YoY).

## SEC filing metadata
- accession: 0000016918-23-000004
- form_type: 8-K
- ticker: STZ
- cik: 0000016918
- company_name: CONSTELLATION BRANDS, INC.
- filed_at: 2023-01-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/16918/000001691823000004/0000016918-23-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16918/000001691823000004/stz-20230104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000016918-23-000004
- JSON: https://secwatch.observer/filing/0000016918-23-000004.json
- Plain text: https://secwatch.observer/filing/0000016918-23-000004.txt

## Key facts
- Earnings Releases
  CONSTELLATION BRANDS, INC. reported the third fiscal quarter ended November 30, 2022 results: revenue $2,437, net income $468, EPS $2.52. Guidance raised.
  - Period: the third fiscal quarter ended November 30, 2022
  - Revenue: $2,437
  - Net income: $468
  - EPS: $2.52
  - Guidance: raised
  - Result: reported results
  source text: Constellation Delivers Strong Business Performance in Q3 Fiscal 2023 Beer Business Continues to Generate Industry-Leading Growth Beer Business Fiscal 2023 Net Sales and Operating Income Growth Outlook Raised Net Sales Operating Income Net Income (Loss) Attributable to CBI Earnings Before Interest & Taxes (EBIT) Diluted Net Income (Loss) Per Share Attributable to CBI (EPS) Diluted EPS Excluding Canopy Third Quarter Fiscal Year 2023 Financial Highlights (1) | In millions, except per share data Reported $2,437 $747 $468 NA $2.52 NA
  evidence_url: https://www.sec.gov/Archives/edgar/data/16918/000001691823000004/0000016918-23-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.