secwatch.observer — SEC 8-K summary
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Issuer:     CONSTELLATION BRANDS, INC. (STZ)
CIK:        0000016918
Form:       8-K
Filed at:   2023-04-06T23:59:59+00:00
Accession:  0000016918-23-000026
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/16918/000001691823000026/0000016918-23-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/16918/000001691823000026/stz-20230405.htm
  HTML page:      https://secwatch.observer/filing/0000016918-23-000026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer