---
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"
generated_at: "2026-05-17T08:53:55.007679+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Constellation Brands slashes FY2026 EPS guidance; beer sales seen declining

## Summary
- 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.

## SEC filing metadata
- 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
- 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/16918/000001691825000132/0000016918-25-000132-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16918/000001691825000132/stz-20250902.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000016918-25-000132
- JSON: https://secwatch.observer/filing/0000016918-25-000132.json
- Plain text: https://secwatch.observer/filing/0000016918-25-000132.txt

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