---
schema_version: "secwatch.filing_event.v1"
accession: "0000016918-25-000017"
form_type: "8-K"
ticker: "STZ"
cik: "0000016918"
company_name: "CONSTELLATION BRANDS, INC."
filed_at: "2025-04-09T23:59:59+00:00"
generated_at: "2026-05-23T18:24:02.654289+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Constellation Brands reports FY25 earnings beat, divests mainstream wine brands, $4B buyback

## Summary
- FY25 comparable EPS $13.78 (up 11% YoY), net sales $10.2B (+2%); Q4 comparable EPS $2.63 (+14%).
- Enters agreement to divest mainstream wine brands (Woodbridge, Meiomi, etc.) to The Wine Group; expected close after Q1 FY26.
- Board authorizes new $4B share repurchase program through Feb 2028, replacing prior $2B authorization with ~$1.5B remaining.
- Quarterly dividend declared $1.02/share Class A, $0.92/share Class 1 convertible, payable May 15, 2025.
- Restructuring actions expected to deliver >$200M net annualized cost savings by FY28, majority completed in FY26.

## SEC filing metadata
- accession: 0000016918-25-000017
- form_type: 8-K
- ticker: STZ
- cik: 0000016918
- company_name: CONSTELLATION BRANDS, INC.
- filed_at: 2025-04-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/16918/000001691825000017/0000016918-25-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16918/000001691825000017/stz-20250409.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000016918-25-000017
- JSON: https://secwatch.observer/filing/0000016918-25-000017.json
- Plain text: https://secwatch.observer/filing/0000016918-25-000017.txt

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