---
schema_version: "secwatch.filing_event.v1"
accession: "0000016918-25-000003"
form_type: "8-K"
ticker: "STZ"
cik: "0000016918"
company_name: "CONSTELLATION BRANDS, INC."
filed_at: "2025-01-10T23:59:59+00:00"
generated_at: "2026-05-28T05:16:18.077467+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Constellation Q3 comparable EPS $3.25 flat YoY; cuts FY2025 outlook, raises cash flow

## Summary
- Q3 net sales $2.464B (flat YoY); reported diluted EPS $3.39 (+23%); comparable EPS $3.25 (flat).
- Fiscal 2025 outlook lowered: net sales and operating income growth reduced; reported and lower-end comparable EPS guidance cut.
- Beer business drove volume growth and pricing; incremental marketing investments and cost savings noted.
- Returned ~$220M to shareholders via share repurchases in Q3.
- Board declared $1.01/share Class A dividend and $0.91/share Class 1 Convertible dividend, payable Feb 21 to holders of record Feb 7.

## SEC filing metadata
- accession: 0000016918-25-000003
- form_type: 8-K
- ticker: STZ
- cik: 0000016918
- company_name: CONSTELLATION BRANDS, INC.
- filed_at: 2025-01-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/16918/000001691825000003/0000016918-25-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16918/000001691825000003/stz-20250108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000016918-25-000003
- JSON: https://secwatch.observer/filing/0000016918-25-000003.json
- Plain text: https://secwatch.observer/filing/0000016918-25-000003.txt

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