---
schema_version: "secwatch.filing_event.v1"
accession: "0000016918-23-000026"
form_type: "8-K"
ticker: "STZ"
cik: "0000016918"
company_name: "CONSTELLATION BRANDS, INC."
filed_at: "2023-04-06T23:59:59+00:00"
generated_at: "2026-06-17T05:13:44.664207+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Constellation Brands reports record FY2023 net sales $9.45B; comparable EPS $10.65, up 4% YoY; dividend raised 11%

## Summary
- FY2023 comparable net sales $9,453M (+7% YoY); comparable operating income $3,037M (+3%).
- FY2023 comparable diluted EPS $10.65 (+4% YoY); GAAP net loss of $71M due to Canopy impairment.
- Q4 comparable EPS $1.98 (-16% YoY); Q4 comparable net sales $1,998M (-5%).
- Quarterly dividend increased 11% to $0.89/share (Class A), payable May 18, 2023 to holders of record May 4, 2023.
- Company exceeded goal of returning $5B to shareholders via repurchases and dividends.

## SEC filing metadata
- accession: 0000016918-23-000026
- form_type: 8-K
- ticker: STZ
- cik: 0000016918
- company_name: CONSTELLATION BRANDS, INC.
- filed_at: 2023-04-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/16918/000001691823000026/0000016918-23-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16918/000001691823000026/stz-20230405.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000016918-23-000026
- JSON: https://secwatch.observer/filing/0000016918-23-000026.json
- Plain text: https://secwatch.observer/filing/0000016918-23-000026.txt

## Key facts
- Earnings Releases
  CONSTELLATION BRANDS, INC. reported the fiscal year ended February 28, 2023 results: revenue $9,453, net income $(71), EPS $(0.11).
  - Period: the fiscal year ended February 28, 2023
  - Revenue: $9,453
  - Net income: $(71)
  - EPS: $(0.11)
  - Result: reported results
  source text: Fiscal Year 2023 Financial Highlights (1) | In millions, except per share data Reported $9,453 $2,843 $(71) NA $(0.11) NA
  evidence_url: https://www.sec.gov/Archives/edgar/data/16918/000001691823000026/0000016918-23-000026-index.htm
- Earnings Releases
  CONSTELLATION BRANDS, INC. reported the fourth fiscal quarter ended February 28, 2023 results: revenue $1,998, net income $223, EPS $1.21.
  - Period: the fourth fiscal quarter ended February 28, 2023
  - Revenue: $1,998
  - Net income: $223
  - EPS: $1.21
  - Result: reported results
  source text: Fourth Quarter Fiscal Year 2023 Financial Highlights (1) Reported $1,998 $467 $223 NA $1.21 NA
  evidence_url: https://www.sec.gov/Archives/edgar/data/16918/000001691823000026/0000016918-23-000026-index.htm

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