Highest-materiality recent filing
Stockholders approved amendment to Long-Term Stock Incentive Plan, adding 6M shares and extending term to July 22, 2036.
Constellation Brands Q1 FY2027 comparable EPS $3.43, organic net sales up 3% YoY
Q1 FY2027 comparable EPS $3.43, up 7% YoY; reported EPS $3.79, up 31%.
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%).
Constellation Brands appoints Sam Glaetzer as President of Wine & Spirits Division
Glaetzer appointed EVP and President, Wine & Spirits Division, effective March 11, 2024, succeeding Robert Hanson.
Constellation Brands elects Christopher J. Baldwin as new board chair; Susan Johnson resigns
Christopher J. Baldwin elected to board and appointed non-executive chair, effective March 1, 2024.
Constellation Brands issues $400M of 4.800% Senior Notes due 2029
$400.0M aggregate principal of 4.800% Senior Notes priced at 99.889% of par.
Constellation Brands issues $400M of 4.800% Senior Notes due 2029
$400M aggregate principal, 4.800% coupon, due 2029, issued at 99.889% of par.
Constellation Brands prices $400M of 4.800% Senior Notes due 2029
$400M aggregate principal amount of 4.800% Senior Notes due 2029 priced at 99.889% of par.
Constellation Q3 adj EPS $3.24 (+8%), raises FY2024 operating & free cash flow guidance
Q3 comparable net income $588M, EPS $3.19 (+13% YoY); reported EPS $2.76.
Constellation Brands' Wine & Spirits President Robert Hanson to Step Down on Feb 29
Robert Hanson, EVP & President of Wine & Spirits Division, will step down on Feb 29, 2024.
Beer medium-term net sales growth ~7-9%, op margins ~39-40%; Wine & Spirits ~1-3% sales growth, ~25-26% margins.
Constellation Q2 comparable EPS $3.80 (+14%); raises FY2024 guidance to high end
Comparable net sales $2.84B (+7%); beer segment drives double-digit sales and op income growth.
Constellation Brands annual meeting elects 11 directors; appoints interim independent board chair
Stockholders elected all 11 director nominees; Richard Sands (24.9M against) and Robert Sands (28.4M against) received highest opposition.
Constellation Brands adds two independent directors, enters cooperation with Elliott
Appointed Luca Zaramella (CFO of Mondelēz) and William Giles (former CFO of AutoZone) as independent directors effective July 18.
WildStar waives board committee nomination right; Robert Sands resigns non-voting roles
WildStar Partners LLC irrevocably waived right to designate a Sands family nominee as non-voting member of Board committees.
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.
On February 17, 2024, the Board, upon the recommendation of the Committee, accepted Ms. Johnson’s resignation and reduced the size of the Board to 12 members, in each case effective immediately.
elected Christopher J. Baldwin to serve as a member of the Board and appointed Mr. Baldwin as non-executive Chair of the Board, each effective March 1, 2024.
On January 4, 2024, Robert Hanson, Executive Vice President and President, Wine & Spirits Division of Constellation Brands, Inc. (“Constellation” or the “Company”) and the Company mutually agreed that Mr. Hanson will step down from his role at the end of the Company’s fiscal year on February 29, 2024.
On July 18, 2023, the size of the Board was expanded from 11 to 13 members in order to allow for the Board to appoint William T. Giles and Luca Zaramella to serve as members of the Board effective immediately.
On July 18, 2023, the size of the Board was expanded from 11 to 13 members in order to allow for the Board to appoint William T. Giles and Luca Zaramella to serve as members of the Board effective immediately.
On March 26, 2023, Jeremy S. G. Fowden notified Constellation Brands, Inc. (the “Company”), that he will retire from the Company’s Board of Directors (the “Board”) at the end of his current term and consequently will not stand for re-election to the Board at the Company’s 2023 annual meeting of stockholders.
On January 25, 2023, James A. Locke III notified Constellation Brands, Inc. (“Constellation” or the “Company”), that he will retire from the Company’s Board of Directors (the “Board”) at the end of his current term and consequently will not stand for re-election to the Board at the Company’s 2023 annual meeting of stockholders.
Mr. Robert Sands retired from his position as Executive Chairman of the Board and (ii) the board of directors of the Company (the “ Board ”) appointed him as Non-Executive Chairman of the Board.
Mr. Richard Sands retired from his position as Executive Vice Chairman of the Board, and he will continue to serve as a non-executive member of the Board.
Pursuant to the Reclassification Agreement, the Company shall take all necessary action so that Messrs. Robert and Richard Sands become, as applicable, Non-Executive Chairman of the Board and a Board member, respectively, as of and immediately following the Effective Time.
Max materiality 0.90 · Median 0.55 · Most common event earnings