secwatch.observer — SEC 8-K summary
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Issuer:     CONSTELLATION BRANDS, INC. (STZ)
CIK:        0000016918
Form:       8-K
Filed at:   2024-04-11T23:59:59+00:00
Accession:  0000016918-24-000031
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/16918/000001691824000031/0000016918-24-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/16918/000001691824000031/stz-20240410.htm
  HTML page:      https://secwatch.observer/filing/0000016918-24-000031

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