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Constellation Brands Inc (STZ.N)

STZ.N on New York Stock Exchange

185.02USD
26 Jun 2019
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$1.12 (+0.61%)
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Latest Key Developments (Source: Significant Developments)

Constellation Brands Says On May 17 Constellation And Gallo Each Received Request For Additional Information And Documentary Material From FTC
Monday, 20 May 2019 04:19pm EDT 

May 20 (Reuters) - Constellation Brands Inc ::CONSTELLATION BRANDS INC - ON MAY 17 CONSTELLATION AND GALLO EACH RECEIVED A REQUEST FOR ADDITIONAL INFORMATION AND DOCUMENTARY MATERIAL FROM FTC.CONSTELLATION BRANDS - NO LONGER EXPECTS TRANSACTION TO BE COMPLETED IN Q1 2020 FISCAL YEAR AND NOW EXPECTS TRANSACTION WILL BE COMPLETED IN H2 2019.CONSTELLATION BRANDS INC - EXPECTS TO UPDATE FISCAL YEAR 2020 GUIDANCE AT A FUTURE DATE.  Full Article

Constellation Brands Expects Corona Premier Growth In 30-45 Pct Range This Year
Thursday, 4 Apr 2019 11:48am EDT 

April 4 (Reuters) - Constellation Brands Inc ::CEO SAYS WORKING CLOSELY WITH CANOPY GROWTH ON A FOCUSED LONG-TERM STRATEGY - CONF CALL.CONSTELLATION BRANDS - Q4 DEPLETION GROWTH LOWER THAN SHIPMENT GROWTH, DUE TO YEAR-END TIMING AS POOR WEATHER CONDITIONS MUTED FEB DEPLETION RESULT.CONSTELLATION BRANDS - MEXICALI CAPACITY EXPANSION CONTINUES, EXPECTS COMPLETION BY FISCAL '23; PROJECT WILL REPRESENT ABOUT 10% OF CAPACITY IN MEXICO.CONSTELLATION BRANDS - RECOGNIZED ADDITIONAL $1.2 BILLION PRETAX NET GAIN FROM CHANGE IN FAIR VALUE OF CANOPY WARRANTS AND CONVERTIBLE NOTES.CONSTELLATION BRANDS -MOST OF WINE AND SPIRITS SHIPMENT TIMING BENEFIT FOR FY 19 TO REVERSE IN Q1 ; SEES Q1 WINE AND SPIRITS NET SALES FALL OF 10 PERCENT.CONSTELLATION BRANDS -FOR FISCAL '21 AND '22, CO EXPECTS TOTAL COMPANY CAPEX TO BE IN THE RANGE OF $700 MILLION TO $900 MILLION PER YEAR.CONSTELLATION BRANDS- CFO SAYS CANOPY'S FINANCIAL RESULTS WILL LIKELY BE VOLATILE AS THEY INVEST BEHIND THEIR GROWTH OPPORTUNITIES.CONSTELLATION BRANDS- EXPECTS CORONA PREMIER GROWTH IN 30 PERCENT TO 45 PERCENT RANGE THIS COMING YEAR.CONSTELLATION BRANDS CEO- GUIDANCE ON CANOPY NOT AVAILABLE BECAUSE PLANNING PROCESS AT CANOPY ISN'T COMPLETED AND HAS NO CLARITY ON CBD PRODUCTS YET.  Full Article

Constellation Brands Reports Fourth Quarter 2019 Comparable EPS Of $1.84
Thursday, 4 Apr 2019 07:30am EDT 

April 4 (Reuters) - Constellation Brands Inc ::CONSTELLATION BRANDS REPORTS FISCAL YEAR AND FOURTH QUARTER 2019 RESULTS AND FISCAL YEAR 2020 OUTLOOK.EXPECTS 2020 REPORTED BASIS EPS OF $8.47 - $8.77.QTRLY REPORTED EPS $6.37.QTRLY COMPARABLE EPS $1.84.QTRLY NET SALES $1,797.2 MILLION VERSUS $1,762.0 MILLION.CONSTELLATION BRANDS - EXPECTS 2020 COMPARABLE BASIS EPS OF $8.50 - $8.80.CONSTELLATION BRANDS - SEES 2020 BEER NET SALES AND OPERATING INCOME GROWTH OF 7% - 9%.SEES 2020 CAPITAL EXPENDITURES $800 - $900 MILLION.CONSTELLATION BRANDS - SEES 2020 WINE AND SPIRITS NET SALES DECLINE 25% - 30% AND OPERATING INCOME DECLINE 30% - 35%.EXPECT TO INCUR A RESTRUCTURING CHARGE FOR FIRST QUARTER FISCAL 2020 AFTER THE DEVELOPMENT OF THE COST REDUCTION PLAN.SEES 2020 FREE CASH FLOW $1.1 - $1.2 BILLION.Q4 EARNINGS PER SHARE VIEW $1.71, REVENUE VIEW $1.74 BILLION -- REFINITIV IBES DATA.QTRLY BEER NET SALES $1,090.1 MILLION, UP 9.3 PERCENT.CONSTELLATION BRANDS - AS A RESULT OF E. & J. GALLO WINERY DEAL, COST REDUCTION PLAN EXPECTED TO BE IMPLEMENTED FOR FISCAL 2020 AND 2021.FY2020 EARNINGS PER SHARE VIEW $9.48 -- REFINITIV IBES DATA.QTRLY WINE AND SPIRITS NET SALES $707.1 MILLION, DOWN 7.6 PERCENT.CONSTELLATION BRANDS - SEES 2020 CAPEX $800 MILLION - $900 MILLION.CONSTELLATION BRANDS - CORONA REFRESCA IS POSITIONED FOR NATIONWIDE LAUNCH BEGINNING FIRST QUARTER FISCAL 2020.  Full Article

Constellation Brands To Divest About 30 Brands From Wine And Spirits Portfolio
Wednesday, 3 Apr 2019 04:35pm EDT 

April 3 (Reuters) - Constellation Brands Inc ::CONSTELLATION BRANDS REPOSITIONS WINE AND SPIRITS BUSINESS TO ACCELERATE GROWTH AND INCREASE SHAREHOLDER VALUE.CONSTELLATION BRANDS INC - HAS SIGNED AN AGREEMENT WITH E. & J. GALLO WINERY TO DIVEST APPROXIMATELY 30 BRANDS FROM ITS WINE AND SPIRITS PORTFOLIO.CONSTELLATION BRANDS INC - DEAL FOR FOR $1.7 BILLION.CONSTELLATION BRANDS INC - AGREEMENT WITH E. & J. GALLO WINERY TO ALSO DIVEST RELATED FACILITIES LOCATED IN CALIFORNIA, NEW YORK AND WASHINGTON.  Full Article

Constellation Brands Nears Deal To Sell Some Wine Brands To E. & J. Gallo - CNBC, Citing Sources
Friday, 15 Mar 2019 03:49pm EDT 

March 15 (Reuters) - :CORONA BREWER CONSTELLATION IS NEARING A DEAL TO SELL SOME WINE BRANDS TO E. & J. GALLO - CNBC, CITING SOURCES.  Full Article

Third Point LLC Cuts Share Stake In Visa Inc and Constellation Brands
Friday, 8 Feb 2019 05:16pm EST 

Feb 8 (Reuters) - Third Point LLC: :THIRD POINT LLC CUTS SHARE STAKE IN VISA INC BY ABOUT 11.8 PERCENT TO 1.5 MILLION CLASS A SHARES - SEC FILING.THIRD POINT LLC CUTS SHARE STAKE IN CONSTELLATION BRANDS BY ABOUT 27.1 PERCENT TO 1.75 MILLION CLASS A SHARES - SEC FILING.THIRD POINT LLC CUTS SHARE STAKE IN DOVER CORP BY ABOUT 84.6 PERCENT TO 615,000 SHARES - SEC FILING.THIRD POINT LLC - CHANGE IN HOLDINGS ARE AS OF DECEMBER 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF SEPTEMBER 30, 2018.  Full Article

Constellation Brands CEO Sees Canopy Will Be A Billion Dollars In Revenue Business In Next 12 To 18 Months - CNBC
Wednesday, 9 Jan 2019 06:32pm EST 

Jan 9 (Reuters) - :CONSTELLATION BRANDS CEO ROB SANDS SAYS SEES CANOPY IS GOING TO BE A BILLION DOLLARS IN REVENUE BUSINESS IN NEXT 12 TO 18 MONTHS - CNBC INTERVIEW.CONSTELLATION BRANDS CEO ROB SANDS SAYS CONTINUES TO SEE THAT CANOPY DEAL WILL BE ACCRETIVE BY 2021.SHARES OF CONSTELLATION BRANDS UP 2.6 PERCENT IN EXTENDED TRADE.U.S. SHARES OF CANOPY GROWTH UP 5 PERCENT IN EXTENDED TRADE.  Full Article

Constellation Brands Reports Qtrly Comparable Basis EPS Of $2.37
Wednesday, 9 Jan 2019 07:30am EST 

Jan 9 (Reuters) - Constellation Brands Inc ::CONSTELLATION BRANDS REPORTS THIRD QUARTER FISCAL 2019 RESULTS.QTRLY REPORTED BASIS EPS OF $1.56.QTRLY COMPARABLE BASIS EPS OF $2.37.UPDATES FISCAL 2019 REPORTED BASIS EPS OUTLOOK TO $12.95 - $13.05.Q3 EARNINGS PER SHARE VIEW $2.06 -- REFINITIV IBES DATA.QTRLY REPORTED NET SALES $1,973 MILLION, UP 9 PERCENT.UPDATES FISCAL 2019 COMPARABLE BASIS EPS OUTLOOK TO $9.20 - $9.30.CONSTELLATION BRANDS - AFFIRMS FISCAL 2019 OPERATING CASH FLOW TARGET OF ABOUT $2.45 BILLION AND FREE CASH FLOW PROJECTION OF $1.2 - $1.3 BILLION.SEES FY 2019 CAPITAL EXPENDITURES OF $1.15 BILLION - $1.25 BILLION.CONSTELLATION BRANDS - FISCAL 2019 REPORTED BASIS AND COMPARABLE BASIS EPS OUTLOOK INCLUDES ADDITIONAL INTEREST EXPENSE FOR CANOPY FINANCING.CONSTELLATION BRANDS - FISCAL 2019 REPORTED BASIS AND COMPARABLE BASIS EPS OUTLOOK EXCLUDES Q4 CANOPY EQUITY EARNINGS.CONSTELLATION BRANDS - FOR FISCAL 2019, THE BEER BUSINESS NOW EXPECTS NET SALES GROWTH TO BE AT THE HIGH END OF THE 9 - 11% RANGE.CONSTELLATION-ESTIMATES INTEREST EXPENSE ASSOCIATED WITH CANOPY GROWTH TRANSACTION TO ABOUT $55 MILLION BEFORE TAX WITH ABOUT $0.25 IMPACT ON FISCAL 2019 EPS.WINE AND SPIRITS BUSINESS NOW EXPECTS NET SALES AND OPERATING INCOME TO DECLINE LOW-SINGLE DIGITS FOR FISCAL 2019.$164 MILLION DECREASE IN FAIR VALUE OF CANOPY INVESTMENTS RECOGNIZED FOR Q3.FY2019 EARNINGS PER SHARE VIEW $9.43 -- REFINITIV IBES DATA.Q3 REVENUE VIEW $1.91 BILLION -- REFINITIV IBES DATA.  Full Article

Constellation Brands Prices Offering Of Senior Notes
Monday, 22 Oct 2018 05:52pm EDT 

Oct 22 (Reuters) - Constellation Brands Inc ::CONSTELLATION BRANDS PRICES OFFERING OF SENIOR NOTES.CONSTELLATION BRANDS INC - PRICED PUBLIC OFFERING OF $2.15 BILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES.  Full Article

Constellation Brands Names Bill Newlands Next CEO
Wednesday, 17 Oct 2018 04:55pm EDT 

Oct 17 (Reuters) - Constellation Brands Inc ::CONSTELLATION BRANDS NAMES BILL NEWLANDS NEXT CEO.CONSTELLATION BRANDS INC - RICHARD SANDS, WHO IS CURRENTLY SERVING IN ROLE OF EXECUTIVE CHAIR, WILL ASSUME ROLE OF EXECUTIVE VICE CHAIR ON MARCH 1, 2019.CONSTELLATION BRANDS INC - ALSO EFFECTIVE MARCH 1, 2019, ROB SANDS WILL ASSUME ROLE OF EXECUTIVE CHAIR.CONSTELLATION BRANDS - NEWLANDS WILL WORK WITH ROB SANDS OVER COMING MONTHS TO ENSURE A SMOOTH LEADERSHIP TRANSITION ONCE CHANGES BECOME EFFECTIVE IN MARCH.CONSTELLATION BRANDS - BILL NEWLANDS IS SUCCEEDING CURRENT CEO ROB SANDS.  Full Article