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Constellation Brands Inc (STZ.N)

STZ.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Constellation Brands names Bill Newlands as chief operating officer
Wednesday, 25 Jan 2017 04:15pm EST 

Constellation Brands Inc : Constellation Brands Inc - in his new role, Newlands will oversee beer division, wine & spirits division and growth organization . Constellation Brands Inc - Bill Newlands has been named executive vice president, chief operating officer, a new position within company . Constellation Brands Inc - announcing additional leadership changes . Constellation brands adds chief operating officer role and names Bill Newlands .Constellation brands inc - all executive appointments are effective January 30, 2017.  Full Article

BRIEF-Constellation Brands reports Q3 reported basis EPS of $1.98/shr
Thursday, 5 Jan 2017 07:30am EST 

Constellation Brands Inc : Reports third quarter fiscal 2017 results . Affirms fiscal 2017 free cash flow projection of $575 million-$675 million . Achieves quarterly reported basis EPS of $1.98 and comparable basis EPS of $1.96 . Increases fiscal 2017 outlook; expects reported basis EPS of $7.55-$7.65 and comparable basis EPS of $6.55-$6.65 . Expects 2017 reported basis EPS of $7.55-$7.65 and comparable basis EPS of $6.55-$6.65 . Q3 net sales for beer increased 16 percent . For wine and spirits business, company continues to expect net sales growth in mid single-digit range for fiscal 2017 . Quarterly reported net sales $1,811 million versus $1,641 million .For fiscal 2017, beer business continues to expect net sales growth of 16 percent-17 percent.  Full Article

REG-Constellation Brands' board of directors authorizes new $1 billion share repurchase program
Monday, 21 Nov 2016 09:00am EST 

Constellation Brands Inc : Constellation Brands Inc - new program is in addition to company's current $1 billion share repurchase program . Announced that board has authorized a new share repurchase program of up to $1 billion of company's common stock .REG- Constellation brands' board of directors authorizes new $1 billion share repurchase program.  Full Article

Constellation Brands to purchase brewery in Obregon, Mexico
Monday, 31 Oct 2016 09:00am EDT 

Constellation Brands Inc : Constellation Brands announces agreement to purchase brewery in obregon, mexico . Constellation brands inc - deal for $600 million, . Constellation brands inc - deal for $600 million . Constellation brands inc - increases free cash flow guidance for fiscal 2017 to a range of $575 - $675 million . Increases free cash flow guidance for fiscal 2017 to a range of $575 - $675 million . Constellation brands inc - agrees to purchase obregon brewery from grupo modelo .Constellation brands - will phase buildout of 10 million hectoliters at mexicali, with first 5 million hectoliters of production capacity expected to become operational by dec 2019.  Full Article

Constellation Brands close to sell Canadian wine business to Ontario Teachers' pension- WSJ, citing sources
Sunday, 16 Oct 2016 07:03pm EDT 

: Constellation Bands close to sell its canadian wine business to Ontario Teachers' pension plan in deal valued at about $760 million- WSJ, citing sources .Deal could be announced as early as Monday morning- WSJ, citing sources.  Full Article

REG-Constellation Brands reports second quarter fiscal 2017 results
Wednesday, 5 Oct 2016 07:59am EDT 

Constellation Brands Inc : Increases fiscal 2017 outlook . Qtrly reported net sales $2,021 million versus $1,733 million last year . Expects fiscal 2017 reported basis EPS of $6.25 - $6.40 and comparable basis EPS of $6.30 - $6.45 . Constellation Brands Inc qtrly comparable basis EPS of $1.77 . For fiscal 2017, beer business now expects net sales growth of 16 - 17 percent and operating income growth at high teens level . Affirms fiscal 2017 operating cash flow target of at least $1.5 billion and increases free cash flow projection to $375 - $475 million . For wine and spirits business, company continues to expect net sales growth in mid single-digit range for fiscal 2017 . Now expecting lower capex for year due to shift in timing of payments related to Nava capital investments . Q2 earnings per share view $1.65, revenue view $1.96 billion -- Thomson Reuters I/B/E/S . Constellation brands reports second quarter fiscal 2017 results . Constellation Brands Inc qtrly reported basis EPS of $1.75 . Constellation Brands Inc qtrly net sales for beer increased 20 percent . Constellation Brands Inc qtrly wine and spirits net sales increased 12 percent . Now expects total capital expenditures to be $1.125 - $1.225 billion for fiscal 2017 . Agreement to purchase Utah-based High West Distillery for approximately $160 million.  Full Article

Constellation Brands eyes $1 billion sale of Canadian wine business - WSJ, citing sources
Friday, 30 Sep 2016 03:10pm EDT 

: Constellation Brands eyes $1 billion sale of Canadian wine business - WSJ, citing sources Source : (http://on.wsj.com/2cGM6BX) ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Constellation Brands elects Frederic Cumenal of Tiffany & Co to its board
Friday, 22 Jul 2016 09:24am EDT 

Constellation Brands Inc : Board of directors increased size of board from 10 to 11 members .Constellation Brands elects Frederic Cumenal of Tiffany & Co to its board of directors.  Full Article

Constellation Brands reports Q1 fiscal 2017 results
Thursday, 30 Jun 2016 07:30am EDT 

Constellation Brands Inc : Says updates fiscal 2017 reported basis EPS outlook to $5.98 - $6.28 . Qtrly reported basis EPS of $1.55 and comparable basis EPS of $1.54 . Says reaffirms fiscal 2017 comparable basis EPS outlook of $6.05 - $6.35 . Reaffirms fiscal 2017 operating cash flow target of at least $1.5 billion and free cash flow projection of $250 - $350 million . Qtrly net sales for beer segment increased 19 percent . Continues to expect total capital expenditures to be $1.25 - $1.35 billion for fiscal 2017 . Qtrly wine and spirits net sales increased eight percent . Qtrly reported net sales $1,872 million versus $1,631 million last year . Qtrly comparable net sales $1,872 million versus $1,631 million last year . Declared a quarterly cash dividend of $0.40 per share of class a common stock . Q1 earnings per share view $1.52, revenue view $1.83 billion -- Thomson Reuters I/B/E/S . Fy 2017 earnings per share view $6.27, revenue view $7.28 billion -- Thomson Reuters I/B/E/S .Constellation brands reports first quarter fiscal 2017 results.  Full Article

Constellation Brands CEO Sands' 2016 compensation $9.3 mln - SEC filing
Friday, 3 Jun 2016 12:42pm EDT 

Constellation Brands Inc: CEO Robert Sands' 2016 total compensation was $9.3 million versus $8.6 million in 2015- SEC filing .Chairman Richard Sands' 2016 total compensation was $7.4 million versus $6.9 million in 2015 - SEC filing.  Full Article

More From Around the Web

BRIEF-Constellation Brands names Bill Newlands as chief operating officer

* Constellation Brands Inc - in his new role, Newlands will oversee beer division, wine & spirits division and growth organization