Edition:
United States

Constellation Brands Inc (STZ)

STZ on New York Consolidated

171.06USD
27 Apr 2017
Change (% chg)

$0.00 (+0.00%)
Prev Close
$171.06
Open
--
Day's High
--
Day's Low
--
Volume
100
Avg. Vol
1,833,900
52-wk High
$175.43
52-wk Low
$144.00

Latest Key Developments (Source: Significant Developments)

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

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

More From Around the Web

Photo

Corona maker Constellation gives 'premium' profit forecast

Corona and Modelo brewer Constellation Brands Inc gave a strong profit forecast for the current fiscal year, buoyed by its success of focusing on premium beers and spirits.