---
schema_version: "secwatch.filing_event.v1"
accession: "0000016918-26-000039"
form_type: "8-K"
ticker: "STZ"
cik: "0000016918"
company_name: "CONSTELLATION BRANDS, INC."
filed_at: "2026-10-06T20:18:54+00:00"
generated_at: "2026-10-12T16:16:43.256423+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.62
calibrated_materiality_score: 0.62
confidence: "high"
source: SEC EDGAR
---

# Constellation Q2 FY27 comparable EPS $3.74 (+3%); buys SpikedAde for $75M plus up to $278M earnout

## Summary
- Q2 FY27 (ended Aug 31, 2026) reported net sales $2,633M (+6% YoY), reported operating income $805M (-8%), reported EPS $3.32 (+25%); comparable EPS $3.74 (+3%).
- Comparable operating income $897M (+1%) on 6% net sales growth; beer business accelerated category-leading share gains across U.S. tracked channels.
- Acquired SpikedAde, a spirit-based ready-to-drink brand in the sports-drink-inspired 'Ade' segment, for $75M at close for 100% ownership plus up to $278M contingent consideration over five years.
- Board declared quarterly dividend of $1.03 per Class A share and $0.93 per Class 1 Convertible share, payable Nov 13, 2026 to holders of record Oct 30, 2026.
- Returned an additional $400M to shareholders through share repurchases and dividends; spirit-based RTD category dollar sales rose 25% in the last year.

## SEC filing metadata
- accession: 0000016918-26-000039
- form_type: 8-K
- ticker: STZ
- cik: 0000016918
- company_name: CONSTELLATION BRANDS, INC.
- filed_at: 2026-10-06T20:18:54+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.62
- calibrated_materiality_score: 0.62
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/16918/000001691826000039/0000016918-26-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16918/000001691826000039/stz-20261006.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000016918-26-000039
- JSON: https://secwatch.observer/filing/0000016918-26-000039.json
- Plain text: https://secwatch.observer/filing/0000016918-26-000039.txt

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