Articles from Constellation Brands, Inc.

Rescheduled from Thursday, January 9, 2025 in Observance of National Day of Mourning for Former President Jimmy Carter

ROCHESTER, N.Y., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, announced today it will report financial results for its third quarter ended November 30, 2024, on Thursday, January 9, 2025, before the open of the U.S. markets. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Executive Vice President and Chief Financial Officer, Garth Hankinson, at 10:30 a.m. ET, January 9, 2025.

ROCHESTER, N.Y., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Constellation Brands (NYSESTZ), a leading beverage alcohol company, today announced that it has reached an agreement with global spirits company Sazerac, to divest its SVEDKA brand. This transaction is expected to close in the coming months.

ROCHESTER, N.Y., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, announced today that Garth Hankinson, Executive Vice President and Chief Financial Officer, will participate in a fireside chat at the 2024 Morgan Stanley Global Consumer and Retail Conference on Tuesday, December 3, 2024 in New York, NY. The presentation is scheduled to begin at 2:15 p.m. ET and is expected to cover the company’s strategic business initiatives, financial metrics, and operating performance, as well as outlook for the future.

ROCHESTER, N.Y., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Constellation Brands (NYSESTZ), a leading beverage alcohol company, today announced the appointment of E. Yuri Hermida as the company’s new Executive Vice President, Chief Growth & Strategy Officer. In this role, Hermida will be responsible for Consumer Insights & Innovation, Digital, Transformation, Media, New Business Ventures, and Strategy & Analytics. He will report directly to Bill Newlands, President and Chief Executive Officer, and will serve as a member of Constellation’s executive management committee.

ROCHESTER, N.Y., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, reported today its second quarter fiscal 2025 financial results. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Chief Financial Officer, Garth Hankinson, on Thursday, October 3, 2024 at 10:30 a.m. EDT. Visit ir.cbrands.com to locate information for joining the conference call, or a live, listen-only webcast of the conference call.

Updates reported EPS guidance to $3.05 - $7.92 and raises lower-end of comparable EPS guidance to $13.60 - $13.80, affirming double-digit comparable EPS growth expectation (1)

ROCHESTER, N.Y., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, announced today it will report financial results for its second quarter ending August 31, 2024, on Thursday, October 3, 2024, before the open of the U.S. markets. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Executive Vice President and Chief Financial Officer, Garth Hankinson, at 10:30 a.m. EDT, October 3, 2024.

ROCHESTER, N.Y., Aug. 23, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, announced today that Bill Newlands, President and Chief Executive Officer, and Garth Hankinson, Executive Vice President and Chief Financial Officer, will participate in a fireside chat at the 2024 Barclays Global Consumer Staples Conference on Tuesday, September 3 in Boston, MA. The presentation is scheduled to begin at 11:15 a.m. EDT and is expected to cover the company’s strategic business initiatives, financial metrics, and operating performance, as well as outlook for the future.

ROCHESTER, N.Y., July 03, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, reported today its first quarter fiscal 2025 financial results. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Chief Financial Officer, Garth Hankinson, on Wednesday, July 3, 2024 at 10:30 a.m. EDT. Visit ir.cbrands.com to locate information for joining the conference call, or a live, listen-only webcast of the conference call.

ROCHESTER, N.Y., June 03, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, announced today it will report financial results for its first quarter ended May 31, 2024, on Wednesday, July 3, 2024, before the open of the U.S. markets. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Executive Vice President and Chief Financial Officer, Garth Hankinson, at 10:30 a.m. EDT, July 3, 2024.

VICTOR, N.Y., May 17, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, announces an updated time that Bill Newlands, President and Chief Executive Officer, and Garth Hankinson, Executive Vice President and Chief Financial Officer, will participate in a previously announced fireside chat at the Bernstein 40th Annual Strategic Decisions Conference on Wednesday, May 29, 2024 in New York, NY. The presentation is scheduled to begin at 4:30 p.m. EDT and is expected to cover the company’s strategic business initiatives, financial metrics, and operating performance, as well as outlook for the future.

VICTOR, N.Y., May 16, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, announced today that Bill Newlands, President and Chief Executive Officer, and Garth Hankinson, Executive Vice President and Chief Financial Officer, will participate in a fireside chat at the Bernstein 40th Annual Strategic Decisions Conference on Wednesday, May 29, 2024 in New York, NY. The presentation is scheduled to begin at 2:30 p.m. EDT and is expected to cover the company’s strategic business initiatives, financial metrics, and operating performance, as well as outlook for the future.

VICTOR, N.Y., April 18, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, announced today that its indirect, wholly-owned subsidiaries, Greenstar Canada Investment Limited Partnership (“Greenstar”) and CBG Holdings LLC (“CBG”), have converted (the "Conversion”) their common shares (“Common Shares”) of Canopy Growth Corporation (“Canopy”) into non-voting and non-participating exchangeable shares of Canopy (“Exchangeable Shares”). The amendment to Canopy’s share capital and the creation of the Exchangeable Shares were authorized by Canopy shareholders at a special meeting held on April 12, 2024 (the “Amendment”). Greenstar and Canopy also agreed to exchange (the “Note Exchange” and together with the Conversion, the “Transactions”) C$81.2 million of the principal amount of the C$100 million promissory note due December 2024 issued by Canopy (the “Note”) for Exchangeable Shares pursuant to an exchange agreement between Greenstar and Canopy (the “Exchange Agreement”). Pursuant to the Exchange Agreement, Greenstar forgave all accrued but unpaid interest on the Note together with the remaining principal amount of the Note. Constellation had previously disclosed its intention to complete the Transactions following Canopy shareholder approval of the Amendment.

VICTOR, N.Y., April 11, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, reported today its fiscal year and fourth quarter 2024 financial results and fiscal year 2025 outlook. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Chief Financial Officer, Garth Hankinson, on Thursday, April 11, 2024 at 10:30 a.m. EDT. Visit ir.cbrands.com to locate information for joining the conference call, or a live, listen-only webcast of the conference call.

Industry Veteran Brings Nearly 30 Years of Commercial and Operational Experience to Help Fuel Next Wave of Growth for Company’s Wine & Spirits Business

VICTOR, N.Y., March 07, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, announced today it will report financial results for its full fiscal year and fourth quarter ended February 29, 2024, on Thursday, April 11, 2024, before the open of the U.S. markets. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Executive Vice President and Chief Financial Officer, Garth Hankinson, at 10:30 a.m. EDT, April 11, 2024.

VICTOR, N.Y., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, today announced the election of Christopher J. Baldwin of CVC Advisors (U.S.) Inc., a leading global private markets manager, to serve as a member of Constellation’s board of directors, as well as his appointment as non-executive chair of the company’s board, each effective March 1, 2024.

VICTOR, N.Y., Jan. 09, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, announced today that it priced the public offering of $400.0 million aggregate principal amount of 4.800% Senior Notes due 2029 (the "notes") for a public offering price of 99.889% of the principal amount of the notes. The notes will be senior obligations that rank equally with all of Constellation’s other senior unsecured indebtedness.

VICTOR, N.Y., Jan. 05, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, reported today its third quarter fiscal 2024 financial results. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Chief Financial Officer, Garth Hankinson, on Friday, January 5, 2024 at 10:30 a.m. EDT. Visit ir.cbrands.com to locate information for joining the conference call or a live, listen-only webcast of the conference call.

Robert Hanson to Step Down as EVP & President, Wine & Spirits Division Effective February 29, 2024

VICTOR, N.Y., Dec. 08, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, today announced a number of new leadership appointments designed to position the company for sustained and industry-leading performance over the long term.

VICTOR, N.Y., Nov. 30, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, announced today it will report financial results for its third quarter ended November 30, 2023, on Friday, January 5, 2024, before the open of the U.S. markets. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Executive Vice President and Chief Financial Officer, Garth Hankinson, at 10:30 a.m. ET, January 5, 2024.

VICTOR, N.Y., Nov. 29, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, announced today that Garth Hankinson, Executive Vice President and Chief Financial Officer, will participate in a fireside chat at the 2023 Morgan Stanley Global Consumer and Retail Conference on Tuesday, December 5, 2023 in New York, NY. The presentation is scheduled to begin at 1:30 p.m. ET and is expected to cover the company’s strategic business initiatives, financial metrics, and operating performance, as well as outlook for the future.

VICTOR, N.Y., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, announced today the expiration of all its warrants (“Warrants”) to purchase common shares (“Common Shares”) of Canopy Growth Corporation (“Canopy”). All 88,472,861 Tranche A warrants held by Constellation’s wholly-owned subsidiary, CBG Holdings LLC (“CBG”), expired as of November 1, 2023. Since the vesting of the remaining aggregate of 51,272,592 Tranche B and Tranche C warrants was conditioned on the exercise, in full, of the Tranche A warrants, the remaining Warrants are not, and will not become, exercisable by CBG. As a result, Constellation is no longer deemed to beneficially own any of the 139,745,453 Common Shares underlying the Warrants.

Beer Business Medium-Term ~7-9% Net Sales Growth and ~39-40% Operating Margins Outlook Unchanged

Having surpassed its prior target ahead of plan, Constellation further advances water stewardship efforts; shares progress against core commitments for environmental stewardship and social impact.

VICTOR, N.Y., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, reported today its second quarter fiscal 2024 financial results. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Chief Financial Officer, Garth Hankinson, on Thursday, October 5, 2023 at 10:30 a.m. EDT. Visit ir.cbrands.com to locate information for joining the conference call or a live, listen-only webcast of the conference call.

VICTOR, N.Y., Aug. 31, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, announced today it will report financial results for its second quarter ended August 31, 2023, on Thursday, October 5, 2023, before the open of the U.S. markets. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Executive Vice President and Chief Financial Officer, Garth Hankinson, at 10:30 a.m. EDT, October 5, 2023.

VICTOR, N.Y., Aug. 22, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, announced today that Garth Hankinson, Executive Vice President and Chief Financial Officer, will participate in a fireside chat at the 2023 Barclays Global Consumer Staples Conference on Wednesday, September 6 in Boston, MA. The presentation is scheduled to begin at 4:30 p.m. EDT and is expected to cover the company’s strategic business initiatives, financial metrics, and operating performance, as well as outlook for the future.

VICTOR, N.Y., Aug. 22, 2023 (GLOBE NEWSWIRE) -- Constellation Brands (NYSESTZ), a leading beverage alcohol company, announced today that it will host its Investor Day on Thursday, November 2, 2023, at the New York Stock Exchange in New York City. The event is scheduled to begin at 2:00 p.m. EDT and is expected to provide investors, analysts, and other stakeholders with a comprehensive overview of the company's continued value creation opportunities supported by its strategic priorities.

Luca Zaramella, CFO of Mondelēz International, and William T. Giles, Former CFO of AutoZone, to Join the Company’s Board of Directors

VICTOR, N.Y., July 06, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, today announced that Rob Sands will retire from his role as Chair of Constellation’s Board of Directors and will not stand for re-election as Board Chair following the company’s Annual Meeting of Stockholders on July 18, 2023. Sands will continue in his capacity as a Board member for the company.

VICTOR, N.Y., June 30, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, reported today its first quarter fiscal 2024 financial results. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Chief Financial Officer, Garth Hankinson, on Friday, June 30, 2023 at 10:30 a.m. EDT. Visit ir.cbrands.com to locate information for joining the conference call or a live, listen-only webcast of the conference call.

VICTOR, N.Y., June 01, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, announced today it will report financial results for its first quarter ended May 31, 2023, on Friday, June 30, 2023, before the open of the U.S. markets. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Executive Vice President and Chief Financial Officer, Garth Hankinson, at 10:30 a.m. EDT, June 30, 2023.

VICTOR, N.Y., May 24, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, announced today that Bill Newlands, President and Chief Executive Officer, will present at the Bernstein 39th Annual Strategic Decisions Conference on Wednesday, May 31, 2023 in New York, NY. The presentation is scheduled to begin at 2:30 p.m. EDT and is expected to cover the company’s strategic business initiatives, financial metrics, and operating performance, as well as outlook for the future.

VICTOR, N.Y., April 27, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, announced today that it priced the public offering of $750.0 million aggregate principal amount of 4.900% Senior Notes due 2033 (the “notes”) for a public offering price of 99.306% of the principal amount of the notes. The notes will be senior obligations that rank equally with all of Constellation’s other senior unsecured indebtedness.

Company sharpens focus on reducing operational waste and enhancing its use of returnable, recyclable, or renewable packaging as part of long-standing commitment to environmental stewardship

VICTOR, N.Y., April 06, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, reported today its fiscal year and fourth quarter 2023 financial results and fiscal year 2024 outlook. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Chief Financial Officer, Garth Hankinson, on Thursday, April 6, 2023 at 10:30 a.m. EDT. Visit ir.cbrands.com to locate information for joining the conference call, or a live, listen-only webcast of the conference call.

“Constellation + Tastemade Studios” launches to move the wine & spirits category forward through a modern, video-led marketing approach to engage consumers globally.

A two-year commitment of $400,000 will further advance Constellation’s water stewardship in communities where it operates.

VICTOR, N.Y., March 02, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, announced today it will report financial results for its full fiscal year and fourth quarter ended February 28, 2023, on Thursday, April 6, 2023, before the open of the U.S. markets. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Executive Vice President and Chief Financial Officer, Garth Hankinson, at 10:30 a.m. EDT, April 6, 2023.

VICTOR, N.Y., Feb. 09, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, announced today that Bill Newlands, President and Chief Executive Officer, will present at the 2023 Consumer Analyst Group of New York Conference on Thursday, February 23, 2023 in Boca Raton, FL. The presentation is scheduled to begin at 3:00 p.m. ET and is expected to cover the company’s strategic business initiatives, financial metrics, and operating performance, as well as outlook for the future.

VICTOR, N.Y., Jan. 30, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, announced today that it priced the public offering of $500.0 million aggregate principal amount of 5.000% Senior Notes due 2026 (the “notes”) for a public offering price of 99.829% of the principal amount of the notes. The notes will be senior obligations that rank equally with all of Constellation’s other senior unsecured indebtedness.

VICTOR, N.Y., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, announced today that James A. Locke III (Jim) has informed the company that he will retire from the company’s Board of Directors at the end of his current term and consequently will not stand for re-election as a Board Director at Constellation’s upcoming Annual Shareholders Meeting in July 2023. Locke will also complete and retire from his current roles as Lead Independent Director of the Board and Chair of the Corporate Governance and Responsibility Committee at that time. Following the company’s upcoming Annual Shareholders Meeting, Constellation’s newly elected Board of Directors will identify successors for the Lead Independent Director of the Board and Chair of the Corporate Governance and Responsibility Committee roles as part of its first meeting.

VICTOR, N.Y., Jan. 05, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, reported today its third quarter fiscal 2023 financial results. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Chief Financial Officer, Garth Hankinson, on Thursday, January 5, 2023 at 10:30 a.m. ET. Visit ir.cbrands.com to locate information for joining the conference call or a live, listen-only webcast of the conference call.

VICTOR, N.Y., Dec. 01, 2022 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, announced today it will report financial results for its third quarter ended November 30, 2022, on Thursday, January 5, 2023, before the open of the U.S. markets. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Executive Vice President and Chief Financial Officer, Garth Hankinson, at 10:30 a.m. ET, January 5, 2023.

VICTOR, N.Y., Nov. 10, 2022 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSESTZ), a leading beverage alcohol company, announced today that Garth Hankinson, Executive Vice President and Chief Financial Officer, will present at the 2022 Morgan Stanley Global Consumer and Retail Conference on Tuesday, December 6, 2022 in New York, NY. The presentation is scheduled to begin at 10:15 a.m. ET and is expected to cover the company’s strategic business initiatives, financial metrics, and operating performance, as well as outlook for the future.

VICTOR, N.Y., Nov. 10, 2022 (GLOBE NEWSWIRE) -- Constellation Brands (NYSESTZ), a leading beverage alcohol company, announced today that it completed the previously announced reclassification transaction and eliminated its Class B Common Stock. Trading in the Class B Common Stock will cease after the markets close today, at which time Constellation’s publicly listed stock will consist solely of Class A Common Stock.

VICTOR, N.Y., Nov. 09, 2022 (GLOBE NEWSWIRE) -- Constellation Brands (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced that its stockholders approved and adopted at a special meeting held this afternoon an amended and restated charter, which will effectuate the previously announced elimination of Constellation’s Class B Common Stock. Following completion of the transaction and cessation of trading in the Class B Common Stock, Constellation’s publicly listed stock will consist of a single class of Class A Common Stock, with “one share, one vote” rights.

VICTOR, N.Y., Oct. 25, 2022 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that its indirect, wholly-owned subsidiaries, Greenstar Canada Investment Limited Partnership (“Greenstar”) and CBG Holdings LLC (“CBG”), have entered into a consent agreement (the “Consent Agreement”) with Canopy Growth Corporation (“Canopy”), providing their consent in respect of a proposed corporate transaction (the “Transaction”) by Canopy to consolidate its U.S cannabis assets into a newly formed entity (“Canopy USA”). Canopy only holds non-voting and non-participating exchangeable shares of Canopy USA which are convertible into common shares of Canopy USA. Third-party investors will hold 100% of the common shares of Canopy USA.

Constellation Brands’ 2022 Environmental, Social, and Governance (ESG) Impact Report highlights notable progress made in its key ESG focus areas: serving as good stewards of the environment; enhancing social equity within its industry and communities; and promoting responsible beverage alcohol consumption.

VICTOR, N.Y., Oct. 06, 2022 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, reported today its second quarter fiscal 2023 financial results. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Chief Financial Officer, Garth Hankinson, on Thursday, October 6, 2022 at 10:30 a.m. EDT. Visit ir.cbrands.com to locate information for joining the conference call or a live, listen-only webcast of the conference call.

Company to Divest a Portion of its Mainstream and Premium Wine Brands to The Wine Group