secwatch.observer — SEC 8-K summary
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Issuer:     CONSTELLATION BRANDS, INC. (STZ)
CIK:        0000016918
Form:       8-K
Filed at:   2024-10-03T23:59:59+00:00
Accession:  0000016918-24-000177
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Constellation Brands Q2 FY2025: comparable EPS $4.32, +14%; Beer sales up mid-single digit
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- Net sales $2,919M (+3% comparable); comparable operating income $1,090M (+13%).
- Reported GAAP net loss $(1,199)M, or $(6.59) diluted EPS due to impairment charges.
- Beer business delivered mid-single digit net sales growth with double-digit operating income growth.
- Achieved net leverage ratio target and returned ~$250M to shareholders via share repurchases.
- Comparable diluted EPS $4.32, up 14% YoY; comparable EBIT $1,093M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/16918/000001691824000177/0000016918-24-000177-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/16918/000001691824000177/stz-20241003.htm
  HTML page:      https://secwatch.observer/filing/0000016918-24-000177

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