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Constellation Brands, Inc.

STZ.N

Latest Trade

197.02USD

Change

-0.27(-0.14%)

Volume

286,169

Today's Range

196.00

 - 

198.60

52 Week Range

150.37

 - 

228.49

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Canopy Growth Announces New Chair Of The Board Of Directors

Oct 10 (Reuters) - Canopy Growth Corp <WEED.TO>::CANOPY GROWTH ANNOUNCES NEW CHAIR OF THE BOARD OF DIRECTORS.CANOPY GROWTH CORP - DAVID KLEIN HAS BEEN APPOINTED CHAIR OF ITS BOARD OF DIRECTORS EFFECTIVE IMMEDIATELY.CANOPY GROWTH CORP - KLEIN CURRENTLY SERVES AS EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER OF CONSTELLATION BRANDS INC.CANOPY GROWTH CORP - INTERIM CHAIR JOHN BELL WILL REMAIN AS A DIRECTOR ON BOARD.

Constellation Brands Executive - Canopy Growth's Financial Results Will Likely Be Volatile As They Continue To Focus On Profitability

Oct 3 (Reuters) - Constellation Brands Inc <STZ.N>::EXEC - MODELO ESPECIAL GENERATED THE MOST DOLLAR SALES GROWTH IN THE ENTIRE U.S. BEER CATEGORY DURING Q2 - CONF CALL.EXEC - "CONSTELLATION & GALLO ARE WORKING IN FULL COOPERATION WITH FTC, WHILE THEY CONTINUE TO REVIEW OUR WINE AND SPIRITS DEAL".EXEC - WE'RE PLEASED WITH THE PROGRESS OF THE CANOPY TEAM AND WHAT THEY HAVE DONE IN THE LAST FEW MONTHS.EXEC - CANOPY'S BUSINESS IS RAPIDLY EVOLVING & THEIR FINANCIAL RESULTS WILL LIKELY BE VOLATILE AS THEY CONTINUE TO FOCUS ON THEIR PATHS TO PROFITABILITY.EXEC SAYS NEW HARD SELTZER TO BE INTRODUCED IN FOUR FLAVORS & WILL CONTAIN 90 CALORIES, 0 CARBS AND 0 SUGARS.

Constellation Brands Qtrly Reported Loss Per Share $2.77

Oct 3 (Reuters) - Constellation Brands Inc <STZ.N>::QTRLY REPORTED LOSS PER SHARE $2.77.QTRLY COMPARABLE EARNINGS PER SHARE $2.72.SEES 2020 EPS ON A REPORTED BASIS $0.55 - $0.75.QTRLY REPORTED NET SALES $2.34 BILLION, UP 2%.SEES, ON COMPARABLE BASIS, FY20 EPS OF $9.00 - $9.20.CONSTELLATION BRANDS - SEES NET SALES AND OPERATING INCOME GROWTH FROM BEER AT 7% - 9% FOR 2020.SEES FY20 WINE AND SPIRITS NET SALES DECLINE 15 - 20%.CONSTELLATION BRANDS - SEES 2020 CAPEX $800 MILLION - $900 MILLION.INCREASES FISCAL 2020 OPERATING CASH FLOW TARGET TO ABOUT $2.2 BILLION AND FREE CASH FLOW PROJECTION TO $1.3 BILLION - $1.4 BILLION.WINE AND SPIRITS TRANSACTION NOW EXPECTED TO CLOSE BY YEAR END FISCAL 2020.CONSTELLATION BRANDS - SEES 2020 FCF $1.3 BILLION - $1.4 BILLION.CONSTELLATION’S SHARE OF CANOPY GROWTH’S EQUITY LOSSES AND RELATED ACTIVITIES FOR Q2 TOTALED A LOSS OF $484.4 MILLION.Q2 EARNINGS PER SHARE VIEW $2.60, REVENUE VIEW $2.34 BILLION -- REFINITIV IBES DATA.Q2 REVENUE VIEW $2.34 BILLION -- REFINITIV IBES DATA.CONSTELLATION BRANDS - IN Q2, RECORDED $46 MILLION OF CHARGES RELATED TO EFFORTS TO GAIN EFFICIENCIES AND REDUCE COST STRUCTURE OF BUSINESS.FY2020 EARNINGS PER SHARE VIEW $8.43 -- REFINITIV IBES DATA.CONSTELLATION BRANDS - DUE TO WINE AND SPIRITS AND BLACK VELVET DEALS, COST REDUCTION PLAN IS EXPECTED TO BE IMPLEMENTED FOR FISCAL 2020 AND 2021.

Constellation Brands Elects New Board Members

Sept 25 (Reuters) - Constellation Brands Inc <STZ.N>::CONSTELLATION BRANDS ELECTS NEW BOARD MEMBERS.CONSTELLATION BRANDS INC - ELECTION INCREASES SIZE OF CONSTELLATION'S BOARD FROM 10 TO 12 MEMBERS.CONSTELLATION BRANDS INC - ELECTION OF CHRISTY CLARK AND JOSE MANUEL MADERO TO SERVE AS MEMBERS OF ITS BOARD.

Constellation Brands Recognizes Equity In Losses & Related Activities From Investment In Canopy Growth

Aug 26 (Reuters) - Constellation Brands Inc <STZ.N>::CONSTELLATION BRANDS - EQUITY IN LOSSES & RELATED ACTIVITIES OF CANOPY OF $75.5 MILLION TO BE RECOGNIZED FOR 3 MONTHS ENDED AUG 31.CONSTELLATION BRANDS - RECOGNIZES EQUITY IN EARNINGS (LOSSES) FROM EQUITY METHOD INVESTMENT IN CANOPY GROWTH CORPORATION ON A TWO-MONTH LAG.CONSTELLATION BRANDS INC - EQUITY IN LOSSES - COMPARABLE BASIS (NON-GAAP) FOR CANOPY OF $54.8 MILLION WILL BE RECOGNIZED FOR THREE MONTHS ENDED AUGUST 31.

Constellation Brands Signs Agreement With Heaven Hill Brands To Divest Black Velvet Canadian Whisky

Aug 12 (Reuters) - Constellation Brands Inc <STZ.N>::CONSTELLATION BRANDS EVOLVES SPIRITS PORTFOLIO.CONSTELLATION BRANDS INC - SIGNS AGREEMENT WITH HEAVEN HILL BRANDS TO DIVEST BLACK VELVET CANADIAN WHISKY.CONSTELLATION BRANDS INC - COMPANY EXPECTS TO RECEIVE CASH PROCEEDS OF APPROXIMATELY $266 MILLION USD.CONSTELLATION BRANDS INC - NET SALES FOR BRANDS INCLUDED IN TRANSACTION TOTALED $67 MILLION USD DURING CONSTELLATION'S FISCAL YEAR 2019.

Constellation Brands Prices Offering Of Senior Notes

July 24 (Reuters) - Constellation Brands Inc <STZ.N>::CONSTELLATION BRANDS PRICES OFFERING OF SENIOR NOTES.CONSTELLATION BRANDS INC - PRICED PUBLIC OFFERING OF $800.0 MILLION OF 3.150% SENIOR NOTES DUE 2029.CONSTELLATION BRANDS INC - PRICED PUBLIC OFFERING FOR A PUBLIC OFFERING PRICE OF 99.957% OF PRINCIPAL AMOUNT OF 2029 NOTES.

Constellation Brands Enters New 2019 Term Loan Credit Agreement

July 3 (Reuters) - Constellation Brands Inc <STZ.N>::CONSTELLATION BRANDS SAYS ENTERED 2019 TERM LOAN CREDIT AGREEMENT.CONSTELLATION BRANDS - 2019 TERM LOAN CREDIT AGREEMENT PROVIDES FOR ABOUT $491.3 MILLION FIVE-YEAR TERM LOAN FACILITY.CONSTELLATION BRANDS - USED PROCEEDS TO REDUCE BORROWINGS BY REPAYING IN FULL U.S. TERM A-1 LOANS.

Constellation Backs Canopy Over Mark Zekulin's Appointment As Sole CEO

July 3 (Reuters) - :FULLY SUPPORT DECISION MADE BY CANOPY GROWTH TO APPOINT MARK ZEKULIN AS THE COMPANY’S SOLE CEO - CONSTELLATION BRANDS SPOKESPERSON.

Constellation Brands Reports Quarterly Loss of $1.30 Per Share

June 28 (Reuters) - Constellation Brands Inc <STZ.N>::QTRLY REPORTED LOSS PER SHARE OF $1.30 .CONSTELLATION BRANDS REPORTS FIRST QUARTER FISCAL 2020 RESULTS.QTRLY COMPARABLE BASIS EPS $2.21.QTRLY REPORTED NET SALES $ 2,097 MILLION, UP 2%.SEES FY2020 EPS REPORTED BASIS $4.95 - $5.25.BEER BUSINESS CONTINUES TO TARGET 7 - 9% NET SALES AND OPERATING INCOME GROWTH FOR FISCAL 2020.CONSTELLATION BRANDS - INCREASES FISCAL 2020 OPERATING CASH FLOW TARGET TO ABOUT $2.1 BILLION AND FREE CASH FLOW PROJECTION TO $1.2 - $1.3 BILLION.SEES FY2020 COMPARABLE BASIS EPS ESTIMATE (EXCLUDING. CANOPY) $8.65 - $8.95.Q1 EARNINGS PER SHARE VIEW $2.04, REVENUE VIEW $2.07 BILLION -- REFINITIV IBES DATA.FY2020 EARNINGS PER SHARE VIEW $8.50 -- REFINITIV IBES DATA.CONSTELLATION- DUE TO WINE AND SPIRITS TRANSACTION, COST REDUCTION PLAN EXPECTED TO BE IMPLEMENTED FOR FISCAL 2020 AND 2021 TO ADDRESS STRANDED COSTS.SEES FY2020 CAPITAL EXPENDITURES $800 - $900 MILLION.DURING Q1, RECOGNIZED $72 MILLION OF CHARGES.CONSTELLATION BRANDS - WINE & SPIRITS BUSINESS NOW SEES FISCAL 2020 NET SALES AND OPERATING INCOME TO DECLINE 20 - 25% AND 25 - 30%, RESPECTIVELY.CONSTELLATION-$72 MILLION CHARGES IN Q1 IS DUE TO WINE AND SPIRITS BUSINESS, INCLUDE COSTS ASSOCIATED WITH CERTAIN WRITE-DOWNS OF EXCESS INVENTORY, OTHERS.EXCLUDING CANOPY GROWTH EQUITY LOSSES, COMPARABLE BASIS EPS OF $2.40 IN QUARTER.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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