secwatch.observer — SEC 8-K summary
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Issuer:     CONSTELLATION BRANDS, INC. (STZ)
CIK:        0000016918
Form:       8-K
Filed at:   2026-10-06T20:18:54+00:00
Accession:  0000016918-26-000039
Event type: earnings
Sentiment:  positive
Materiality: 0.62
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/16918/000001691826000039/0000016918-26-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/16918/000001691826000039/stz-20261006.htm
  HTML page:      https://secwatch.observer/filing/0000016918-26-000039

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