Constellation Brands Files 8-K on Financials

TL;DR

STZ filed an 8-K on 4/10 detailing financials and other events.

AI Summary

Constellation Brands, Inc. filed an 8-K on April 11, 2024, reporting on its results of operations and financial condition as of April 10, 2024. The filing also included disclosures related to Regulation FD, other events, and financial statements and exhibits. The company is headquartered in Victor, NY.

Why It Matters

This 8-K filing provides investors with crucial updates on Constellation Brands' financial performance and operational status, impacting investment decisions.

Risk Assessment

Risk Level: low — This is a routine financial filing and does not indicate any immediate or significant risks.

Key Players & Entities

• Constellation Brands, Inc. (company) — Registrant
• Victor, NY (location) — Principal executive offices address
• April 10, 2024 (date) — Date of earliest event reported
• April 11, 2024 (date) — Filing date

FAQ

Key Financial Figures

• $1.01 — uarterly cash dividend in the amount of $1.01 per issued and outstanding share of the
• $0.91 — the Company's Class A Common Stock and $0.91 per issued and outstanding share of the

Filing Documents

• stz-20240410.htm (8-K) — 37KB
• stzex991_2292024earnings.htm (EX-99.1) — 784KB
• stzex99-1_022924.pdf (EX-99.1) — 2199KB
• beer.jpg (GRAPHIC) — 41KB
• fy2024q4_ceoheadshot.jpg (GRAPHIC) — 2209KB
• fy2024q4_cfoheadshot.jpg (GRAPHIC) — 122KB
• fy2024q4_confcallbox.jpg (GRAPHIC) — 229KB
• fy2024q4_esg.jpg (GRAPHIC) — 1001KB
• fy2024q4_header.jpg (GRAPHIC) — 209KB
• fy2024q4_productlineup.jpg (GRAPHIC) — 1959KB
• fy2024q4_subheader.jpg (GRAPHIC) — 133KB
• fy204q4_banner.jpg (GRAPHIC) — 405KB
• wine_spirits.jpg (GRAPHIC) — 49KB
• 0000016918-24-000031.txt ( ) — 12802KB
• stz-20240410.xsd (EX-101.SCH) — 2KB
• stz-20240410_def.xml (EX-101.DEF) — 15KB
• stz-20240410_lab.xml (EX-101.LAB) — 26KB
• stz-20240410_pre.xml (EX-101.PRE) — 15KB
• stz-20240410_htm.xml (XML) — 3KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On April 11, 2024, Constellation Brands, Inc. ("Constellation" or the "Company"), a Delaware corporation, issued a news release (the "release") announcing its financial condition and results of operations as of and for the fiscal year and fourth fiscal quarter ended February 29, 2024. A copy of the release is attached hereto as Exhibit 99.1 and incorporated herein by reference. The projections constituting the guidance included in the release involve risks and uncertainties, the outcome of which cannot be foreseen at this time; therefore, actual results may vary materially from these forecasts. In this regard, see the information included in the release under the caption "Forward-Looking Statements." The information in the release is "furnished" and not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and is not otherwise subject to the liabilities of that section. Such information may be incorporated by reference in another filing under the Securities Exchange Act of 1934 or the Securities Act of 1933 only if and to the extent such subsequent filing specifically references the information incorporated by reference herein. The release contains non-GAAP financial measures; in the release these are referred to as "comparable," "adjusted," "organic," or "excluding Canopy EIE" measures. For purposes of Regulation G, a non-GAAP financial measure is a numerical measure of a registrant's historical or future financial performance, financial position, or cash flows that excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable measure calculated and presented in accordance with GAAP in the statement of income, balance sheet, or statement of cash flows (or equivalent statements) of the registrant; or includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded f

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On April 11, 2024, Constellation issued the release, a copy of which is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. References to Constellation's website and/or other social media sites or platforms in the release do not incorporate by reference the information on such websites, social media sites, or platforms into this Current Report on Form 8-K, and Constellation disclaims any such incorporation by reference. The information in the release attached as Exhibit 99.1 is incorporated by reference into this Item 7.01 in satisfaction of the public disclosure requirements of Regulation FD. This information is "furnished" and not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and is not otherwise subject to the liabilities of that section. Such information may be incorporated by reference in another filing under the Securities Exchange Act of 1934 or the Securities Act of 1933 only if and to the extent such subsequent filing specifically references the information incorporated by reference herein.

01 Other Events

Item 8.01 Other Events. On April 10, 2024, the Company's Board of Directors declared a quarterly cash dividend in the amount of $1.01 per issued and outstanding share of the Company's Class A Common Stock and $0.91 per issued and outstanding share of the Company's Class 1 Convertible Common Stock, in each case payable on May 17, 2024, to stockholders of record of each respective class as of the close of business on May 3, 2024.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. Exhibit No. Description 99.1 News Release of Constellation Brands, Inc. dated April 11, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: April 11, 2024 CONSTELLATION BRANDS, INC. By: /s/ Garth Hankinson Garth Hankinson Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR