---
schema_version: "secwatch.filing_event.v1"
accession: "0000016918-23-000189"
form_type: "8-K"
ticker: "STZ"
cik: "0000016918"
company_name: "CONSTELLATION BRANDS, INC."
filed_at: "2023-10-05T23:59:59+00:00"
generated_at: "2026-06-10T04:03:20.530602+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Constellation Q2 comparable EPS $3.80 (+14%); raises FY2024 guidance to high end

## Summary
- Comparable net sales $2.84B (+7%); beer segment drives double-digit sales and op income growth.
- Comparable operating income $968M (+10%); EPS excluding Canopy EIE $3.80.
- Modelo Especial extends #1 dollar-sales position in U.S. beer tracked channels.
- Raises fiscal 2024 EPS guidance to higher-end of initial ranges.
- Declares quarterly dividend of $0.89/Class A and $0.80/Class 1 convertible, payable Nov 17.

## SEC filing metadata
- accession: 0000016918-23-000189
- form_type: 8-K
- ticker: STZ
- cik: 0000016918
- company_name: CONSTELLATION BRANDS, INC.
- filed_at: 2023-10-05T23:59:59+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/16918/000001691823000189/0000016918-23-000189-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16918/000001691823000189/stz-20231004.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000016918-23-000189
- JSON: https://secwatch.observer/filing/0000016918-23-000189.json
- Plain text: https://secwatch.observer/filing/0000016918-23-000189.txt

## Key facts
- Earnings Releases
  CONSTELLATION BRANDS, INC. updated its the second fiscal quarter ended August 31, 2023 guidance (raised).
  - Period: the second fiscal quarter ended August 31, 2023
  - Guidance: raised
  - Result: reported results
  source text: On October 5, 2023, Constellation Brands, Inc. (“Constellation” or the “Company”), a Delaware corporation, issued a news release (the “release”) announcing its financial condition and results of operations as of and for the second fiscal quarter ended August 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/16918/000001691823000189/0000016918-23-000189-index.htm

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