secwatch.observer — SEC 8-K summary
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Issuer:     CONSTELLATION BRANDS, INC. (STZ)
CIK:        0000016918
Form:       8-K
Filed at:   2023-06-30T23:59:59+00:00
Accession:  0000016918-23-000101
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/16918/000001691823000101/0000016918-23-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/16918/000001691823000101/stz-20230629.htm
  HTML page:      https://secwatch.observer/filing/0000016918-23-000101

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