$STZ (Constellation Brands Inc.)

$STZ {{ '2015-07-01T14:50:52+0000' | timeago}} • Webcast

$STZ 1Q16 Call – Robert, CEO: The Meiomi acquisition will not change our priorities and they remain unchanged and they include reducing our debt to less than 4x leverage. This creates significant capital allocation flexibility and opportunity to increase returns to our shareholder through dividend growth and share buybacks.

$STZ {{ '2017-10-06T20:34:05+0000' | timeago}} • Webcast

With regards to the M&A activities, $STZ said that it is looking for M&A opportunities across all three categories (beer, wine and spirits). In the past, Constellation Brands had acquired a mix of categories including High West, Casa Noble, Charles Smith, and Funky Buddha.

$STZ {{ '2017-10-06T20:20:09+0000' | timeago}} • Webcast

$STZ stated that the earthquakes in Mexico did not impact production operations there. Constellation Brands believes that the recent natural disasters had a minor impact on 2Q17 results and may have some minimal impact on 3Q17 results, which has been factored into the updated guidance.

$STZ {{ '2017-10-05T19:23:35+0000' | timeago}} • Announcement

$STZ's BoD declared a quarterly cash dividend of $0.52 per share of Class A common stock and $0.47 per share of Class B common stock. The dividend is payable on Nov. 21, 2017, to stockholders of record as of Nov. 7, 2017.

$STZ {{ '2017-10-05T19:19:34+0000' | timeago}} • Announcement

For FY18, $STZ targets net sales growth in the Beer division to be 9-11%. However, sales from Wine & Spirits business is estimated to decline 4-6%. Operating cash flow is expected to be $1.9-2.1Bil and capital spending is targeted to be $1.175-1.275Bil.

$STZ {{ '2017-10-05T19:14:02+0000' | timeago}} • Announcement

$STZ, which acquired craft brewer Funky Buddha in Aug. 2017, lifted its outlook for FY18 on the back of the strong Beer business results in 2Q18. GAAP EPS range hiked to $7.90-8.05 versus the previous estimate of $7.55-7.75. Non-GAAP EPS range upped to $8.25-8.40 versus the previous estimate of $7.90-8.10.

$STZ {{ '2017-10-05T18:40:40+0000' | timeago}} • Announcement

$STZ, the third largest beer company in the U.S., cheers with higher profit and sales results in 2Q18.  Net income attributable to CBI soared 39% to $499.5MM or $2.48 per share, helped by the gains in Beer division during the summer season. Sales grew 3% to $2.09Bil, while non-GAAP EPS climbed 40% to $2.47.

$STZ {{ '2017-10-05T13:37:56+0000' | timeago}} • Infographic

$STZ Constellation Brands Earnings AlphaGraphic: Q2 2018 Highlights

$STZ {{ '2017-09-25T20:47:09+0000' | timeago}} • Announcement

$STZ $STZ.B plans to launch a commercial paper program pursuant to which it will offer and sell unsecured, unsubordinated notes, on a private placement basis in reliance on an exemption from registration under Securities Act. The proceeds of the notes will be used for general corporate purposes.

$STZ {{ '2017-08-10T14:51:20+0000' | timeago}} • Announcement

$STZ announced its purchase of Florida-based Funky Buddha Brewery, reinforcing its strategy to lead the high-end beer segment in the United States. Funky Buddha joins the company's Craft & Specialty Beer Group in the beer division.

$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.

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