{"schema_version":"secwatch.filing_event.v1","accession":"0000016918-24-000172","form_type":"8-K","ticker":"STZ","cik":"0000016918","company_name":"CONSTELLATION BRANDS, INC.","filed_at":"2024-09-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.128639+00:00","generated_at":"2026-05-31T06:39:05.128535+00:00","sec_items":["2.02","2.06","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Constellation Brands updates FY2025 outlook, expects $1.5B-$2.5B Wine & Spirits goodwill impairment","bullets":["Updated FY2025 comparable EPS guidance $13.60-$13.80, raised lower end; reported EPS $3.05-$7.92 includes impairment.","Non-cash goodwill impairment loss of $1.5B-$2.5B for Wine & Spirits segment in Q2 FY2025.","Beer net sales growth revised to 6%-8% (from 7%-9%); operating income growth raised to 11%-12% (from 10%-12%).","Wine & Spirits net sales decline guidance widened to (6%)-(4%) from (0.5%)-0.5%; operating income decline (18%)-(16%).","Management cites macroeconomic headwinds (unemployment) and inventory destocking; maintains ~3.0x net leverage target."],"urls":{"canonical":"https://secwatch.observer/filing/0000016918-24-000172","json":"https://secwatch.observer/filing/0000016918-24-000172.json","markdown":"https://secwatch.observer/filing/0000016918-24-000172.md","text":"https://secwatch.observer/filing/0000016918-24-000172.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/16918/000001691824000172/0000016918-24-000172-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/16918/000001691824000172/stz-20240902.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T06:39:05.128535+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}