---
schema_version: "secwatch.filing_event.v1"
accession: "0000016918-24-000031"
form_type: "8-K"
ticker: "STZ"
cik: "0000016918"
company_name: "CONSTELLATION BRANDS, INC."
filed_at: "2024-04-11T23:59:59+00:00"
generated_at: "2026-06-04T00:05:23.920522+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Constellation Brands beats FY 2024 EPS outlook; beer business outperforms; issues FY 2025 guidance

## Summary
- FY 2024 comparable EPS excl. Canopy EIE $12.38, up 9% YoY; net sales $9.96B (+5%).
- Q4 FY2024 comparable EPS excl. Canopy EIE $2.30 (+7%); net sales $2.14B (+7%).
- Beer business outperformed growth expectations; operating cash flow at high end of guidance, free cash flow exceeded.
- Issues FY2025 outlook aligned with medium-term enterprise targets.
- Declares quarterly dividend $1.01/share Class A, $0.91/share Class 1, payable May 17, record May 3.

## SEC filing metadata
- accession: 0000016918-24-000031
- form_type: 8-K
- ticker: STZ
- cik: 0000016918
- company_name: CONSTELLATION BRANDS, INC.
- filed_at: 2024-04-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/16918/000001691824000031/0000016918-24-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16918/000001691824000031/stz-20240410.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000016918-24-000031
- JSON: https://secwatch.observer/filing/0000016918-24-000031.json
- Plain text: https://secwatch.observer/filing/0000016918-24-000031.txt

## Key facts
- Earnings Releases
  CONSTELLATION BRANDS, INC. updated its the fiscal year and fourth fiscal quarter ended February 29, 2024 guidance (reaffirmed).
  - Period: the fiscal year and fourth fiscal quarter ended February 29, 2024
  - Guidance: reaffirmed
  - Result: reported results
  source text: On April 11, 2024, 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 fiscal year and fourth fiscal quarter ended February 29, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/16918/000001691824000031/0000016918-24-000031-index.htm

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