---
schema_version: "secwatch.filing_event.v1"
accession: "0000016918-23-000101"
form_type: "8-K"
ticker: "STZ"
cik: "0000016918"
company_name: "CONSTELLATION BRANDS, INC."
filed_at: "2023-06-30T23:59:59+00:00"
generated_at: "2026-06-13T14:07:53.236270+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Constellation Brands Q1 FY2024: Comparable EPS $2.91 (+9% YoY); beer business drives 6% net sales growth

## Summary
- Comparable Q1 net sales $2,515M, up 6% YoY; comparable operating income $827M, +4%.
- Comparable diluted EPS $2.91, up 9%; EPS excluding Canopy EIE $3.04, +5%.
- Beer business led by Modelo Especial gaining share in U.S. tracked channels.
- Reported net income $136M, down 65% due to Canopy equity earnings impact.
- Quarterly dividend declared: $0.89/Class A share, $0.80/Class 1 Convertible, payable Aug 24, record Aug 10.

## SEC filing metadata
- accession: 0000016918-23-000101
- form_type: 8-K
- ticker: STZ
- cik: 0000016918
- company_name: CONSTELLATION BRANDS, INC.
- filed_at: 2023-06-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/16918/000001691823000101/0000016918-23-000101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16918/000001691823000101/stz-20230629.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000016918-23-000101
- JSON: https://secwatch.observer/filing/0000016918-23-000101.json
- Plain text: https://secwatch.observer/filing/0000016918-23-000101.txt

## Key facts
- Earnings Releases
  CONSTELLATION BRANDS, INC. reported the first fiscal quarter ended May 31, 2023 results: revenue $2,515, net income $136, EPS $0.74.
  - Period: the first fiscal quarter ended May 31, 2023
  - Revenue: $2,515
  - Net income: $136
  - EPS: $0.74
  - Result: reported results
  source text: First Quarter Fiscal Year 2024 Financial Highlights (1) | In millions, except per share data Reported $2,515 $765 $136 $349 $0.74 NA
  evidence_url: https://www.sec.gov/Archives/edgar/data/16918/000001691823000101/0000016918-23-000101-index.htm

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