$STZ (Constellation Brands Inc.)

$STZ {{ '2016-04-06T15:24:29+0000' | timeago}} • Webcast

$STZ said that during 4Q16 the company repurchased 246,000 shares of common stock for $34MM. For FY17, $STZ expects organic net sales and operating income growth to be in the 10-13% range and expects to see positive operating margin benefits. The company also expects approx. $320MM in dividend payments for FY17.

$STZ {{ '2017-07-20T13:44:19+0000' | timeago}} • Announcement

$STZ's BoD lifted size of the board from 10 to 11 members and elected Susan Somersille Johnson to serve as a member of the board, effective July 18, 2017. Johnson is currently serving as corporate EVP and chief marketing officer of $STI.

$STZ {{ '2017-06-29T16:29:19+0000' | timeago}} • Webcast

$STZ said that in general the beer market is flat to down slightly. The company believes that the growth in the whole beer market lags because of the legal drinking age (21 years). $STZ added that domestic brands are dropping and the company is getting benefited by picking up that drop in the domestic business.

$STZ {{ '2017-06-29T16:15:21+0000' | timeago}} • Webcast

With regards to the M&A strategy, $STZ said that it continues to focus on returning cash to shareholders in the form of share repurchases and dividends and doing selective M&A, almost entirely in tuck-in type brands. $STZ will look for synergistic brands across beer, wine and spirit segments, which will fill niches that the company doesn't have.

$STZ {{ '2017-06-29T16:03:00+0000' | timeago}} • Webcast

Ballast Point business did not perform as per $STZ's expectations from a growth standpoint in 1Q18. The Corona beer maker, which acquired Ballast Point business in 2015, incurred an impairment charge related to the trademark value of the acquired brands in 1Q18. $STZ believes to achieve the targeted return on investment for this acquisition.

$STZ {{ '2017-06-29T15:50:00+0000' | timeago}} • Webcast

$STZ, which achieved a new all-time high stock price when market opened today, delivered its 16th consecutive quarter of double-digit comparable EPS growth in 1Q18. With the strong results achieved in the beer business during the quarter, the company lifted its comparable EPS outlook for FY18 to $7.90-8.10 from the previous estimate of $7.00-8.00.

$STZ {{ '2017-06-29T12:42:45+0000' | timeago}} • Announcement

$STZ expects EPS to be in the range of $7.55-7.75 in FY18. On a comparable basis, EPS is expected to be between $7.90 and $8.10. Constellation's BoD declared a cash dividend of $0.52 per class A common share and $0.47 per class B common share, payable on Aug. 23, 2017 to stockholders of record as of Aug. 9, 2017.

$STZ {{ '2017-06-29T12:37:21+0000' | timeago}} • Announcement

$STZ continues to expect its beer sales to grow 9-11% in FY18. The company reaffirmed its forecast of a 4-6% drop in wine and spirits sales. Interest expense is expected to be in the range of $340-350MM, and tax rate at 22%. Capital expenditure is forecast in the $1.175 - 1.275Bil range, and cash flow is estimated to be $725-825MM.

$STZ {{ '2017-06-29T12:29:22+0000' | timeago}} • Infographic

$STZ Constellation Brands Earnings AlphaGraphics: Q1 2018 highlights

$STZ {{ '2017-06-29T12:28:56+0000' | timeago}} • Announcement

Beverages company $STZ’s 1Q18 profit climbed 27% annually to $403MM, and EPS advanced 29% to $2.00. On a comparable basis, EPS grew 52%. The bottom line growth reflected a 3% increase in revenues to $1.94Bil. Beer sales rose 8%, while wine and spirits sales dropped 4%. Organic net sales were higher by 7% compared to 1Q17.

$STZ {{ '2017-06-16T20:43:34+0000' | timeago}} • Announcement

$STZ enhanced its fine wine portfolio with the purchase of Schrader Cellars' iconic wines. The Schrader Cabernet Sauvignon portfolio, sourced from the premier vineyards of Napa Valley is the highest-rated American Cabernet Sauvignon portfolio with a total of nineteen 100-point ratings from Wine Advocate, Wine Spectator and jamessuckling.com.

$STZ {{ '2017-05-02T21:36:24+0000' | timeago}} • Announcement

$STZ priced the public offering of $1.5Bil in aggregate principal amount of Senior Notes, with closing expected to occur on May 9, 2017. Constellation intends to use net proceeds to repay all of its outstanding 7.250% Senior Notes due May 2017 in agg. principal amount of $700MM and to repay a portion of outstanding indebtedness.

$STZ {{ '2017-04-06T15:23:44+0000' | timeago}} • Webcast

$STZ expects to increase the pace of distribution growth across its beer portfolio. For FY18, the company expects roughly 70% of growth in beer business to come from distribution growth.

$STZ {{ '2017-04-06T15:09:48+0000' | timeago}} • Webcast

$STZ plans to increase its marketing investment to aggressively manage its core business. The company is significantly increasing its digital investment during FY18 and also launching a new TV advertising campaign for Woodbridge by Robert Mondavi, the company's largest wine brand portfolio.

$STZ {{ '2017-04-06T14:46:59+0000' | timeago}} • Webcast

$STZ's newly acquired High West whiskey brands, as well as the Prisoner and Charles Smith wine brands, had exceptional growth during 4Q17. These newly acquired brands grew depletion during the quarter of 34%, 47% and 67% respectively.

$STZ {{ '2017-04-06T12:12:13+0000' | timeago}} • Infographic

$STZ Constellation Brands Earnings AlphaGraphics: Q4 2017 highlights

$STZ {{ '2017-04-06T11:59:53+0000' | timeago}} • Announcement

For FY18, $STZ expects CapEx to be approx. $1.175-1.275Bil, including approx. $1Bil targeted for Mexico beer operations expansion activities. The company also expects free cash flow to be approx. $725-825MM for FY18. For the wine and spirits business, $STZ expects net sales to decrease in the range of 4-6% and operating income to be flat for FY18.

$STZ {{ '2017-04-06T11:55:54+0000' | timeago}} • Announcement

For FY18, $STZ expects EPS in the range of $7.65-7.95 compared to the FY17 actual EPS of $7.52 per share. On a comparable basis, EPS outlook is expected in the range of $7.70-8.00. $STZ also expects FY18 beer business net sales growth in the range of 9-11% and operating income growth in the range of 11-13%.

$STZ {{ '2017-04-06T11:49:35+0000' | timeago}} • Announcement

Drinks company $STZ reported a jump in 4Q17 earnings, helped by organic net sales growth and increased beer business sales. Net income jumped 86% for the quarter to $452MM or $2.26 per Class A common share from $243MM or $1.19 per Class A common share a year ago. Sales grew 5.5% to $1.62Bil from $1.54Bil.

$STZ {{ '2017-01-26T11:42:50+0000' | timeago}} • Announcement

$STZ said Ben Dollard will transition to the role of SVP, chief marketing officer and International for the Wine & Spirits Division. Jared Fix will assume the role of SVP, chief growth officer with responsibility for driving the company's growth strategy across both the Beer and Wine & Spirits Divisions. These are effective Jan. 30, 2017.

$STZ {{ '2017-01-26T11:41:27+0000' | timeago}} • Announcement

$STZ appointed Bill Newlands as COO and EVP, a new position within the company. Newlands joined $STZ in 2015 as EVP and chief growth officer and currently serves as president of the Wine & Spirits Division. Chris Stenzel has been promoted to EVP, president, Wine & Spirits Division. These are effective Jan. 30, 2017.

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