{"schema_version":"secwatch.filing_event.v1","accession":"0000016918-25-000132","form_type":"8-K","ticker":"STZ","cik":"0000016918","company_name":"CONSTELLATION BRANDS, INC.","filed_at":"2025-09-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.680466+00:00","generated_at":"2026-05-17T08:53:55.007679+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Constellation Brands slashes FY2026 EPS guidance; beer sales seen declining","bullets":["Reported EPS guidance cut to $10.77-$11.07 from $12.07-$12.37; comparable EPS to $11.30-$11.60 from $12.60-$12.90.","Enterprise organic net sales now expected to decline (6)%-(4)%; prior view was (2)% to 1% growth.","Beer net sales outlook lowered to decline (4)%-(2)% vs. prior 0%-3% growth; operating income to decline (9)%-(7)%.","Free cash flow forecast reduced to $1.3-$1.4B from $1.5-$1.6B; $604M in share repurchases executed in H1.","CEO cites macroeconomic headwinds and softer consumer demand, especially Hispanic consumers; expects distributor inventory rebalancing in Q2."],"urls":{"canonical":"https://secwatch.observer/filing/0000016918-25-000132","json":"https://secwatch.observer/filing/0000016918-25-000132.json","markdown":"https://secwatch.observer/filing/0000016918-25-000132.md","text":"https://secwatch.observer/filing/0000016918-25-000132.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/16918/000001691825000132/0000016918-25-000132-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/16918/000001691825000132/stz-20250902.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T08:53:55.007679+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"}