Highest-materiality recent filing
Constellation Brands adds McDonald's CMO Morgan Flatley to board
E. Morgan Flatley elected to Constellation Brands board effective May 20, 2026, expanding board from 11 to 12 members.
Constellation Brands redeems $600M 3.700% notes, issues $500M 4.850% notes due 2031
Full redemption of all $600M outstanding 3.700% Senior Notes due 2026 on May 18, 2026.
Constellation Brands issues $500M of 4.850% Senior Notes due 2031 to redeem $600M notes
Constellation Brands priced $500M of 4.850% Senior Notes due 2031 at 99.943% of par.
Issued $500M aggregate principal of 4.850% Senior Notes due 2031 at 99.943% of par.
Constellation Brands FY2026 comparable EPS $11.82, down 14%; withdraws FY2028 outlook
FY2026 net sales $9.139B, down 4% comparable; comparable EPS $11.82, down 14% YoY.
Constellation Brands appoints Nicholas Fink as President and CEO, effective April 13, 2026
Nicholas Fink, currently CEO of Fortune Brands Innovations (FBIN), will succeed Bill Newlands as President and CEO.
Constellation Brands Q3 FY2026: comparable EPS $3.06, net sales down 10% to $2.22B; $220M buyback
Q3 comparable EPS $3.06, reported EPS $2.88; net sales $2,223M (-10% YoY).
Constellation Brands files S-3 shelf, registers 21.3M shares for resale by selling stockholders
Filed automatic shelf registration (S-3) covering unspecified amount of Class A common, debt, and other securities.
Constellation Brands terminates $500M term loan, issues $500M 4.950% notes due 2035
Terminated $500M delayed draw term loan effective Oct 21, 2025; no borrowings outstanding, no early termination penalties.
Constellation Brands issues $500M of 4.950% Senior Notes due 2035 to refinance 2025 notes
$500M aggregate principal of 4.950% Senior Notes due 2035 issued at 99.716% of par.
Constellation Brands prices $500M of 4.950% Senior Notes due 2035 to redeem existing 2025 notes
Issued $500M aggregate principal of 4.950% Senior Notes due 2035 at 99.716% of par.
Constellation Brands Q2 comparable EPS $3.63 (-16% YoY); net sales $2.48B (-15%)
Comparable net sales $2.48B, organic decline 8%; comparable EBIT $886M (-13% YoY).
Constellation Brands announces CLO retirement and succession; declares quarterly dividend
Jim Bourdeau retiring as CLO effective Feb 28, 2026; Jeff LaBarge named EVP and CLO effective March 1, 2026.
Constellation Brands slashes FY2026 EPS guidance; beer sales seen declining
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.
Constellation Brands grants CFO 7,531 RSUs and 7,531 PSUs; annual meeting re-elects all directors
CFO Garth Hankinson granted 7,531 RSUs vesting on May 1, 2028, subject to continuous service and accelerated upon termination without cause or change in control.
Constellation Brands Q1 FY2026 comparable EPS $3.22, down 10% YoY; net sales down 6%
Reported net sales $2,515M (-6% YoY); comparable net sales also $2,515M.
Constellation Brands closes wine divestiture to The Wine Group; redeems $900M senior notes
Sold mainstream wine brands (Woodbridge, Meiomi, etc.) to The Wine Group; retained higher-end portfolio priced $15+.
Constellation Brands enters $500M delayed draw term loan facility
Aggregate principal amount $500M, available in up to two draws.
Constellation Brands issues $500M of 4.800% Senior Notes due 2030
Issued $500M aggregate principal of 4.800% Senior Notes at 99.824% of par.
Constellation Brands issues $500M of 4.800% Senior Notes due 2030
Entered underwriting agreement to sell $500M aggregate principal of 4.800% Senior Notes due 2030 at 99.824% of par.
Constellation Brands prices $500M 4.800% Senior Notes due 2030
$500M aggregate principal of 4.800% Senior Notes due 2030 priced at 99.824% of par.
Constellation Brands refinances $2.25B revolver, extends maturity to 2030
Refinanced existing $2.25B senior unsecured revolving credit facility under Eleventh Restated Credit Agreement.
Constellation Brands appoints Paula Erickson as EVP & CHRO; Kris Carey to step down
Paula Erickson appointed EVP & Chief HR Officer, effective April 21, 2025; joins Executive Management Committee.
Constellation Brands reports FY25 earnings beat, divests mainstream wine brands, $4B buyback
FY25 comparable EPS $13.78 (up 11% YoY), net sales $10.2B (+2%); Q4 comparable EPS $2.63 (+14%).
Constellation Brands Chief Growth & Strategy Officer Hermida departs Feb 28; Monteiro named interim
E. Yuri Hermida, EVP & Chief Growth & Strategy Officer, to depart Feb 28, 2025 to pursue career interests.
Constellation Q3 comparable EPS $3.25 flat YoY; cuts FY2025 outlook, raises cash flow
Q3 net sales $2.464B (flat YoY); reported diluted EPS $3.39 (+23%); comparable EPS $3.25 (flat).
Constellation Brands signs agreement to sell SVEDKA vodka to Sazerac
SVEDKA brand divested to Sazerac; deal expected to close in coming months subject to regulatory approvals.
Constellation Brands appoints E. Yuri Hermida as EVP, Chief Growth & Strategy Officer
Hermida, 51, previously President of Sovos Brands, will oversee Consumer Insights, Innovation, Digital, and Strategy.
Constellation Brands Q2 FY2025: comparable EPS $4.32, +14%; Beer sales up mid-single digit
Net sales $2,919M (+3% comparable); comparable operating income $1,090M (+13%).
Constellation Brands declares quarterly dividend of $1.01 (Class A) and $0.91 (Class 1 Convertible)
Dividend of $1.01 per Class A share and $0.91 per Class 1 Convertible share declared.
Constellation Brands updates FY2025 outlook, expects $1.5B-$2.5B Wine & Spirits goodwill impairment
Updated FY2025 comparable EPS guidance $13.60-$13.80, raised lower end; reported EPS $3.05-$7.92 includes impairment.
Constellation Brands director Judy A. Schmeling resigns from board effective Aug 29, 2024
Judy A. Schmeling resigned from Constellation Brands Board of Directors, effective August 29, 2024.
Constellation Brands annual meeting: all director nominees elected, shareholder proposals rejected
Thirteen director nominees elected to one-year term through 2025 annual meeting; Richard Sands and Robert Sands each had >30M votes against.
Constellation Brands Q1 FY25 revenue +6% to $2.66B; comparable EPS +17% to $3.57
Net sales $2,662M (+6% YoY); comparable diluted EPS $3.57 (+17%).
Greenstar and CBG converted 17,149,925 Canopy common shares (18.8% stake) into non-voting exchangeable shares.
Constellation Brands beats FY 2024 EPS outlook; beer business outperforms; issues FY 2025 guidance
FY 2024 comparable EPS excl. Canopy EIE $12.38, up 9% YoY; net sales $9.96B (+5%).
On that date, the Board filled the additional Board seat by electing E. Morgan Flatley to serve as a member of the Board effective immediately.
On August 29, 2024, the Board of Directors of Constellation Brands, Inc. (the “Company”) accepted the resignation of Judy A. Schmeling as a member of its Board of Directors, effective immediately.
Max materiality 0.90 · Median 0.50 · Most common event debt