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Yahoo
3 days ago
- Business
- Yahoo
Constellation Brands Closes Wine Transaction With The Wine Group to Focus on a Portfolio of Exclusively Higher-Growth, Higher-Margin Brands
Retained portfolio for Constellation includes a collection of award-winning, iconic brands, predominantly priced $15 and above and in growing segments and channels ROCHESTER, N.Y., June 02, 2025 (GLOBE NEWSWIRE) -- Constellation Brands (NYSE: STZ), a leading beverage alcohol company, announced today that it has closed its previously announced transaction with The Wine Group to divest1 primarily mainstream wine brands and associated inventory, facilities, and vineyards from its wine portfolio. Brands divested to The Wine Group include Woodbridge, Meiomi, Robert Mondavi Private Selection, Cook's, SIMI, and J. Rogét sparkling wine. Constellation's retained wine portfolio consists of a collection of highly regarded wines from top regions around the world, predominantly priced $15 and above. This includes iconic Napa Valley brands Robert Mondavi Winery, Schrader, Double Diamond, To Kalon Vineyard Company, Mount Veeder Winery, and The Prisoner Wine Company; the My Favorite Neighbor family of wine brands from Paso Robles; Kim Crawford from New Zealand—producer of the #1 Sauvignon Blanc in the U.S.2; acclaimed Tuscan producer Ruffino Estates and Ruffino Prosecco; sought-after gems like Sea Smoke from Santa Barbara's Santa Rita Hills AVA, Lingua Franca from Oregon's Willamette Valley, and more. This outstanding collection is complemented by Constellation's award-winning craft spirits portfolio including High West whiskey, Nelson's Green Brier whiskey, Mi CAMPO tequila, and Casa Noble tequila. 'We are pleased to have completed this transaction and look forward to executing against our repositioned portfolio, focused exclusively on the higher-end that more closely aligns to consumer-led premiumization trends which we believe will enable us to help deliver improved performance within this segment of our business over time,' said Bill Newlands, President and CEO, Constellation Brands. 'We appreciate the dedication of our internal teams, and the support and collaboration from The Wine Group and our business partners to help us close this transaction and seek to ensure as smooth a transition as possible.' Following the completion of the transaction, Constellation's fiscal year 2026 outlook and its outlook for fiscal year 2027 and fiscal year 2028 provided on April 9, 2025 remain unchanged. 1 We sold and, in certain instances, exclusively licensed the trademarks of a portion of our wine and spirits business, primarily centered around our mainstream wine brands and associated inventory, wineries, vineyards, offices, and facilities 2 #1 in dollar sales, Circana, total U.S. Multi-Outlet + Convenience, 52 weeks ended May 18, 2025 ABOUT CONSTELLATION BRANDS Constellation Brands (NYSE: STZ) is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It's worth our dedication, hard work, and calculated risks to anticipate market trends and deliver for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what's next. Every day, people reach for brands from our high-end, imported beer portfolio anchored by the iconic Corona Extra and Modelo Especial, a flavorful lineup of Modelo Cheladas, and favorites like Pacifico and Victoria; our exceptional wine brands including The Prisoner Wine Company, Robert Mondavi Winery, Kim Crawford, Schrader Cellars, and Lingua Franca; and our craft spirits brands such as Casa Noble Tequila and High West Whiskey. As an agriculture-based company, we strive to operate in a way that is sustainable and responsible. Our ESG strategy is embedded into our business, and we focus on serving as good stewards of the environment, investing in our communities, and promoting responsible beverage alcohol consumption. We believe these aspirations in support of our longer-term business strategy allow us to contribute to a future that is truly Worth Reaching For. To learn more, visit and follow us on X, Instagram, and LinkedIn. FORWARD-LOOKING STATEMENTS This news release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements. The word 'expect' and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These statements may relate to business strategy, future operations, prospects, plans, and objectives of management, including related to executing against Constellation's repositioned wine portfolio, Constellation's efforts to align with consumer-led premiumization trends and to deliver improved performance within its wine and spirits segment over time, the transition of the divested brands and related inventory, facilities, and vineyards, and Constellation's outlook for fiscal years 2026, 2027, and 2028, as well as information concerning expected actions of third parties. All forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, such forward-looking statements. The forward-looking statements are based on management's current expectations and should not be construed in any manner as a guarantee that any of the events anticipated by the forward-looking statements will in fact occur or will occur on the timetable contemplated hereby. All forward-looking statements speak only as of the date of this news release and Constellation does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. In addition to risks and uncertainties associated with ordinary business operations, the forward-looking statements contained in this news release are subject to other risks and uncertainties, including any purchase price or other post‐closing adjustments, the accuracy of all projections, and other factors and uncertainties disclosed from time-to-time in Constellation Brands' filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended February 28, 2025, which could cause actual future performance to differ from current expectations. MEDIA CONTACTS INVESTOR RELATIONS CONTACTS Amy Martin 585-678-7141 / Carissa Guzski 315-525-7362 / Joseph Suarez 773-551-4397 / Snehal Shah 847-385-4940 / David Paccapaniccia 585-282-7227 / A downloadable PDF copy of this news release can be found here.
Yahoo
29-05-2025
- Business
- Yahoo
Constellation Brands to Report First Quarter 2026 Financial Results on July 1, 2025 After Market Close and Host Conference Call on July 2, 2025 at 10:30 AM ET
ROCHESTER, N.Y., May 29, 2025 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today it will report financial results for its first quarter ending May 31, 2025, on Tuesday, July 1, 2025, after the close of the U.S. markets by posting the earnings release and financial tables, as well as other supporting materials, on the company's investor relations website at A live conference call for analysts to discuss the company's financial results, operating performance, strategic business initiatives, and outlook for the future with President and Chief Executive Officer, Bill Newlands, and Executive Vice President and Chief Financial Officer, Garth Hankinson, will be hosted at 10:30 a.m. ET on Wednesday, July 2, 2025. The conference call can be accessed by dialing +1-877-407-9121 and entering conference identification number 13754108, beginning at 10:20 a.m. ET. A live, listen-only webcast of the conference call will be available on the company's investor relations website at under the News & Events section. When the conference call begins, financial information discussed on the call, and reconciliations of reported GAAP financial measures with comparable and other non-GAAP financial measures, will also be available on the company's investor relations website under the Financial History section. For anyone unable to participate in the conference call, a replay will be available on the company's investor relations CONSTELLATION BRANDSConstellation Brands (NYSE: STZ) is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It's worth our dedication, hard work, and calculated risks to anticipate market trends and deliver more for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what's next. Every day, people reach for our high-end, iconic imported beer brands such as those in the Corona brand family like the flagship Corona Extra, Modelo Especial and the flavorful lineup of Modelo Cheladas, Pacifico, and Victoria; our fine wine and craft spirits brands including The Prisoner Wine Company, Robert Mondavi Winery, Casa Noble Tequila, and High West Whiskey; and our premium wine brands such as Kim Crawford. As an agriculture-based company, we strive to operate in a way that is sustainable and responsible. Our ESG strategy is embedded into our business and we focus on serving as good stewards of the environment, investing in our communities, and promoting responsible beverage alcohol consumption. We believe these aspirations in support of our longer-term business strategy allow us to contribute to a future that is truly Worth Reaching For. To learn more, visit and follow us on X, Instagram, and LinkedIn. MEDIA CONTACTS INVESTOR RELATIONS CONTACTS Amy Martin 585-678-7141 / Carissa Guzski 315-525-7362 / Joseph Suarez 773-551-4397 / Snehal Shah 847-385-4940 / Paccapaniccia 585-282-7227 / A downloadable PDF copy of this news release can be found in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Constellation Brands to Present at the 2025 Deutsche Bank Global Consumer Conference on June 3, 2025
ROCHESTER, N.Y., May 23, 2025 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), 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 2025 Deutsche Bank Global Consumer Conference on Tuesday, June 3, 2025 in Paris, France. The presentation is scheduled to begin at 2:00 p.m. CEST and is expected to cover the company's financial metrics, operating performance, strategic business initiatives, and outlook for the future. A live, listen-only webcast of the presentation will be available on the company's investor relations website at under the News & Events section. When the presentation begins, financial information discussed in the presentation, and reconciliations of reported GAAP financial measures with comparable and other non-GAAP financial measures, will also be available on the company's investor relations website under the Financial History section. For anyone unable to participate in the webcast, a replay will be available on the company's investor relations website through the close of business on June 2, CONSTELLATION BRANDSConstellation Brands (NYSE: STZ) is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It's worth our dedication, hard work, and calculated risks to anticipate market trends and deliver more for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what's next. Every day, people reach for our high-end, iconic imported beer brands such as those in the Corona brand family like the flagship Corona Extra, Modelo Especial and the flavorful lineup of Modelo Cheladas, Pacifico, and Victoria; our fine wine and craft spirits brands, including The Prisoner Wine Company, Robert Mondavi Winery, Casa Noble Tequila, and High West Whiskey; and our premium wine brands such as Kim Crawford. As an agriculture-based company, we strive to operate in a way that is sustainable and responsible. Our ESG strategy is embedded into our business and we focus on serving as good stewards of the environment, investing in our communities, and promoting responsible beverage alcohol consumption. We believe these aspirations in support of our longer-term business strategy allow us to contribute to a future that is truly Worth Reaching For. To learn more, visit and follow us on X, Instagram, and LinkedIn. MEDIA CONTACTS INVESTOR RELATIONS CONTACTS Amy Martin 585-678-7141 / Carissa Guzski 315-525-7362 / Joseph Suarez 773-551-4397 / Snehal Shah 847-385-4940 / Paccapaniccia 585-282-7227 / A downloadable PDF copy of this news release can be found here. in to access your portfolio
Yahoo
24-04-2025
- Business
- Yahoo
Constellation sued for allegedly misleading shareholders on wine sales
This story was originally published on Food Dive. To receive daily news and insights, subscribe to our free daily Food Dive newsletter. A shareholder lawsuit filed this week alleges Constellation Brands misled investors by wrongly boasting about the momentum of its wine and spirits business, which saw net sales decline 7% in the last 12 months. According to the suit filed in New York by shareholder Jeff Mason, Constellation made 'false and misleading statements that failed to disclose material adverse facts' about the dire state of its wine sales between April 2024 and January 2025. This month, Constellation sold off several of its lower-priced wines with an aim to focus solely on premium offerings. The shareholder allegations claim the company conspired to inflate its performance in the category ahead of the sale. Constellation thinned out its wine portfolio as demand drops with consumers moderating alcohol consumption or moving to ready-to-drink libations outside traditional wine and beer categories. Its wine and spirits segment could see a sales drop of 17% to 20% in its current fiscal year, the company reported. The lawsuit alleges that, before the sale, Constellation misled investors with earnings statements that suggested the company's wine holdings were set for growth. CEO Bill Newlands told investors in an earnings call in April 2024 it was working to boost the price mix and media spending on its wine brands, which the lawsuit claimed was 'materially false and misleading.' The suit also alleged the company spent over $668 million on stock buybacks at an artificially inflated price and accused five company executives of enriching themselves through 'bonuses, stock options or similar compensation from Constellation.' Mason, the shareholder plaintiff, is seeking damages as well as a change to Constellation's corporate governance structure that would give shareholders more of a say over company policies. Constellation did not respond to a request for comment. Scrutiny into Constellation's wine segment comes as the alcohol giant faces uncertainty in its main business, beer. President Trump's tariffs are weighing on the category as the majority of its brews, like Corona and Modelo, are imported from Mexico. In the company's most recent earnings call this month, Newlands said threats of deportation and layoffs among Hispanic consumers, who make up about half of its consumer base, are eating into the company's bottom line. Recommended Reading Constellation offloads wines amid projected double-digit sales drop, tariff uncertainty
Reuters
10-04-2025
- Business
- Reuters
Modelo owner Constellation says Trump immigration crackdown hitting Hispanic customers
April 10 (Reuters) - Modelo Especial owner Constellation Brands' (STZ.N), opens new tab beer sales are taking a hit as demand from Hispanic populations in Mexico and other key markets slows down amid Trump's crackdown on immigration, company executives said on Thursday. President Trump has kicked off a sweeping immigration crackdown after taking office in January, ratcheting up pressures on the Hispanic consumers burdened by higher prices of food and other essentials as well as elevated unemployment rates. Modelo Especial is made exclusively in Mexico, and is imported and marketed in the United States by Constellation Brands. The brand has enjoyed huge popularity in the past couple of years, overtaking Bud Light as the top-selling beer brand in the U.S. in 2023. However, the momentum is now waning, with Constellation noting a sizable demand slump in its top sales states and zip codes with larger Hispanic populations. After markets close on Wednesday, the brewer projected a smaller-than-expected annual adjusted profit, expecting steep tariffs to weigh on its business. Latino customers, who represent roughly half of Modelo's customer base, have pulled back on social gatherings — a key occasion for beer consumption, according to Constellation Brands' CEO Bill Newlands. "Efforts to go to restaurants, to have social gatherings, things that are very much beer occasions, have softened in the more recent term," he said during its fourth-quarter earnings call. Constellation Brands' beers enjoy the highest level of loyalty among Hispanic consumers relative to any other major beer supplier in the U.S., the company said in its prepared remarks. Newlands said the company's research also found that Hispanic consumers were under pressure from job losses in industries with a high Latino employment base. "We think the quick change in tone/outlook at least partially reflects the likely reality that the company was benefiting over the past number of years from loose immigration policy," J.P. Morgan analyst Andrea Teixeira said in a note. Meanwhile, a 25% levy on aluminum and other broader tariffs under the Trump administration also threaten to lead to price hikes for these beers.
