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Constellation Brands Inc (STZ)

STZ on New York Consolidated

201.77USD
20 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Craft Brewer Funky Buddha joins Constellation Brands
Thursday, 10 Aug 2017 09:05am EDT 

Aug 10 (Reuters) - Constellation Brands Inc ::Constellation Brands Inc - ‍its purchase of Florida-based Funky Buddha Brewery​.Constellation Brands Inc - terms of transaction were not disclosed..  Full Article

Constellation Brands elects Susan Johnson to board of directors
Thursday, 20 Jul 2017 09:08am EDT 

July 20 (Reuters) - Constellation Brands Inc ::Constellation Brands elects Susan Somersille Johnson of Suntrust Banks Inc to its board of directors.Constellation Brands Inc - ‍board of directors increased size of board from 10 to 11 members​.  Full Article

Constellation, units enter into restated, amended credit agreement
Wednesday, 19 Jul 2017 05:21pm EDT 

July 19 (Reuters) - Constellation Brands Inc :Constellation - on July 14, co, units entered into restatement agreement amended, restated fifth amended restated credit agreement dated as of Oct. 13, 2016.Constellation Brands - restatement agreement effects refinance and increase of existing U.S. term A-1 loan facility with a new $500 million term facility.Constellation Brands-principal changes to fith restated credit agreement by restatement agreement are creation of new $2 billion European term a loan facility.Constellation Brands says restatement agreement effects extension of new $500 million U.S. term A-1 facility's maturity to July 14, 2024 - SEC filing.Constellation Brands- principal changes to fifth restated credit agreement by restatement agreement are increase of revolving credit facility by $350 million.  Full Article

Constellation Brands reports Q1 net sales $1,936 million
Thursday, 29 Jun 2017 07:30am EDT 

June 29 (Reuters) - Constellation Brands Inc :Constellation Brands reports first quarter fiscal 2018 results.Constellation Brands Inc qtrly net sales for beer increased eight percent.Constellation Brands Inc - Qtrly reported basis EPS of $2.00 and comparable basis EPS of $2.34.Constellation Brands Inc qtrly wine and spirits net sales decreased four percent.Constellation Brands Inc - Affirms fiscal 2018 operating cash flow target of approximately $2.0 billion and free cash flow projection of $725 - $825 million.Constellation Brands Inc - Updates fiscal 2018 reported basis EPS outlook to $7.55 - $7.75.Constellation Brands Inc - Increases fiscal 2018 comparable basis EPS outlook to $7.90 - $8.10.Constellation brands inc sees fiscal 2018 free cash flow approximately $725 - $825 million.Constellation Brands Inc qtrly net sales $1,936 million, up 3 percent on reported basis.Constellation Brands Inc sees full-year fiscal 2018 guidance capital expenditures approximately $1.175 billion - $1.275 billion.Constellation Brands Inc sees for fiscal 2018, beer business continues to target net sales growth in range of 9 - 11 percent.Q1 earnings per share view $1.98, revenue view $1.95 billion -- Thomson Reuters I/B/E/S.FY2018 earnings per share view $7.94, revenue view $7.65 billion -- Thomson Reuters I/B/E/S.Constellation Brands Inc - For fiscal 2018, beer business to target operating income growth in range of 13 - 15 percent.  Full Article

Constellation Brands CEO Robert Sands' FY 2017 total compensation was $9.6 mln vs $9.3 mln in FY 2016
Friday, 2 Jun 2017 08:50am EDT 

June 2 (Reuters) - Constellation Brands Inc ::CEO Robert Sands' FY 2017 total compensation was $9.6 million versus $9.3 million in FY 2016 - sec filing.Chairman Richard Sands' FY 2017 total compensation was about $8 million versus $7.4 million in FY 2016.  Full Article

Constellation Brands prices offering of senior notes
Tuesday, 2 May 2017 05:23pm EDT 

May 2 (Reuters) - Constellation Brands Inc :Reg-Constellation Brands prices offering of senior notes.Constellation Brands -Priced $500.0 million of 4.50% senior notes due 2047 for a public offering price of 99.559% of principal amount of 2047 notes.Constellation Brands-Priced public offering of $1.5 billion aggregate principal amount of senior notes,consisting of $500.0 million of 3.50% senior notes due 2027.Constellation Brands Inc - Priced public offering of $1.5 billion aggregate principal amount of senior notes.Constellation Brands - Priced offering of$500.0 million of 2.70% senior notes due 2022 for public offering price of 99.782% of principal amount of 2022 notes.  Full Article

Constellation Brands Inc files for potential mixed shelf size
Tuesday, 2 May 2017 08:46am EDT 

May 2 (Reuters) - Constellation Brands Inc ::Constellation Brands Inc files for potential mixed shelf; size not disclosed .  Full Article

Constellation Brands qtrly reported EPS $2.26
Thursday, 6 Apr 2017 02:30am EDT 

Constellation Brands Inc : Constellation brands reports fiscal 2017 results and fiscal 2018 outlook . Constellation Brands Inc - sees 2018 reported basis eps of $7.65 - $7.95 . Constellation Brands Inc - sees 2018 comparable basis eps of $7.70 - $8.00 . Constellation Brands Inc - qtrly net sales for beer increased 11 percent . Constellation Brands Inc - qtrly wine and spirits net sales were flat . Constellation Brands Inc - qtrly reported eps $2.26 . Constellation Brands Inc - qtrly comparable eps $1.48 . Constellation Brands Inc - qtrly net sales $1,628 million, up 5 percent . Constellation Brands Inc - qtrly 10 percent increase in organic net sales for beer, driven primarily by volume growth and favorable pricing . Constellation Brands Inc - sees 2018 capital expenditures approximately $1.175 - $1.275 billion . Constellation brands inc - for fiscal 2018, beer business is targeting net sales growth in range of 9 - 11 percent . Constellation Brands - for wine and spirits business, expects net sales to decrease in range of 4 - 6 percent, operating income to be flat for fiscal 2018 . Constellation Brands Inc - for fiscal 2018, beer business is targeting operating income growth in range of 11 - 13 percent . Constellation Brands Inc- full-year fiscal 2018 guidance includes free cash flow approximately $725 - $825 million . Constellation brands inc - "we are significantly increasing our dividend for coming year".  Full Article

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

BRIEF-Craft Brewer Funky Buddha joins Constellation Brands

* Constellation Brands Inc - ‍its purchase of Florida-based Funky Buddha Brewery​