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Constellation Brands Inc (STZ.N)

STZ.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Texas Brewer Four Corners Brewing Co. Joins Constellation Brands
Wednesday, 11 Jul 2018 

July 10 (Reuters) - Constellation Brands Inc ::HIGH-PERFORMING TEXAS BREWER FOUR CORNERS BREWING CO. JOINS CONSTELLATION BRANDS.CONSTELLATION BRANDS INC - TERMS OF TRANSACTION WERE NOT DISCLOSED.CONSTELLATION BRANDS INC - FOUR CORNERS BREWING LLC WILL JOIN CONSTELLATION'S CRAFT & SPECIALTY BEER GROUP.  Full Article

Constellation Brands CEO Says Gains Of More Than $700 Mln Recognized From Investment In Canopy Growth
Friday, 29 Jun 2018 

June 29 (Reuters) - Constellation Brands Inc ::CONSTELLATION BRANDS INC - CEO SAYS GAINS OF MORE THAN $700 MILLION RECOGNIZED FROM INVESTMENT IN CANOPY GROWTH - CONF CALL.CONSTELLATION BRANDS INC - CO BEGAN THE EXPANSION OF OBREGON BREWERY, WHILE CONTINUING TO MAKE PROGRESS AT MEXICALI AND NAVA SITES.CONSTELLATION BRANDS INC - CFO SAYS CO TO TARGET FISCAL '19 MARKETING AS A PERCENT OF REVENUE IN THE RANGE OF 9.5 PERCENT TO 10.5 PERCENT VERSUS 9 PERCENT.CONSTELLATION BRANDS INC - CFO SAYS "IN Q2, WE EXPECT TO SEE ONGOING COST PRESSURES IN MARKETING INVESTMENTS IMPACT WINE EBIT PERFORMANCE".CONSTELLATION BRANDS INC - CO EXPECTS FINANCIAL PERFORMANCE TO IMPROVE IN THE BACK HALF OF THE YEAR.CONSTELLATION BRANDS INC - CO SAYS INVESTMENTS IN GROWTH ORGANIZATION, CANNABIS INVESTMENTS AND DIGITAL ENABLEMENT WILL CONTINUE IN Q2.  Full Article

Constellation Brands Promotes Jim Sabia To Chief Marketing Officer
Wednesday, 23 May 2018 

May 22 (Reuters) - Constellation Brands Inc ::CONSTELLATION BRANDS PROMOTES JIM SABIA TO NEWLY CREATED ROLE OF CHIEF MARKETING OFFICER.  Full Article

Constellation Brands Promotes Jim Sabia To Chief Marketing Officer
Wednesday, 23 May 2018 

May 22 (Reuters) - Constellation Brands Inc ::CONSTELLATION BRANDS PROMOTES JIM SABIA TO NEWLY CREATED ROLE OF CHIEF MARKETING OFFICER.  Full Article

Constellation Brands Prices Offering Of Senior Notes
Tuesday, 30 Jan 2018 

Jan 29 (Reuters) - Constellation Brands Inc ::CONSTELLATION BRANDS PRICES OFFERING OF SENIOR NOTES.‍PRICED PUBLIC OFFERING OF $1.9 BILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES​.  Full Article

Constellation Brands Announces Full Redemption Of 6.000 Pct Senior Notes Due 2022
Tuesday, 30 Jan 2018 

Jan 29 (Reuters) - Constellation Brands Inc ::CONSTELLATION BRANDS ANNOUNCES FULL REDEMPTION OF 6.000 PCTSENIOR NOTES DUE 2022.‍AS OF JANUARY 29, 2018, THERE WERE $600.0 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF NOTES OUTSTANDING​.REDEMPTION PRICE FOR NOTES TO INCLUDE MAKE-WHOLE PREMIUM OF ABOUT $74.4 MILLION TO BE RECORDED AS LOSS ON EXTINGUISHMENT OF DEBT FOR Q4.‍EXPENSE IS EXPECTED TO REDUCE FISCAL 2018 REPORTED BASIS DILUTED EARNINGS PER SHARE BY APPROXIMATELY $0.26.‍EXPENSE WILL BE EXCLUDED FROM FISCAL 2018 COMPARABLE BASIS DILUTED EARNINGS PER SHARE​.  Full Article

Constellation Brands Prices Offering Of Senior Notes
Tuesday, 30 Jan 2018 

Jan 29 (Reuters) - Constellation Brands Inc ::CONSTELLATION BRANDS PRICES OFFERING OF SENIOR NOTES.‍ANNOUNCED THAT IT PRICED PUBLIC OFFERING OF $1.9 BILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES​.PRICING INCLUDES $600.0 MILLION OF 3.200 PCT SENIOR NOTES DUE 2023​.PRICING INCLUDES ‍$700 MILLION OF 3.600 PCT SENIOR NOTES DUE 2028 FOR PUBLIC OFFERING PRICE OF 99.807PCT OF PRINCIPAL AMOUNT OF 2028 NOTES​.CONSTELLATION BRANDS - PRICING INCLUDES ‍$600 MILLION OF 4.100 PCT SENIOR NOTES DUE 2048 FOR PUBLIC OFFERING PRICE OF 99.656 PCT OF PRINCIPAL AMOUNT OF 2048 NOTES​.  Full Article

Constellation Brands Says Expects New Tax Legislation To Result In Reduction In Existing Net Deferred Tax Liabilities By $300 Mln To $400 Mln
Friday, 5 Jan 2018 

Jan 5 (Reuters) - Constellation Brands Inc ::ON CONF CALL - "IN PROCESS OF EVALUATING SPECIFIC BENEFITS OF TAX REFORM".CONSTELLATION - NEW 21 PCT CORPORATE TAX RATE WILL APPLY FOR LAST 2 MONTHS OF FY RESULTING IN LOWER BLENDED STATUTORY TAX RATE VERSUS HISTORICAL 35 PCT RATE.CONSTELLATION BRANDS - EXPECT THE NEW TAX LEGISLATION TO RESULT IN A REDUCTION IN EXISTING NET DEFERRED TAX LIABILITIES BY $300 MILLION TO $400 MILLION.CONSTELLATION BRANDS - NET DEFERRED TAX LIABILITIES IS ONETIME, NONCASH BENEFIT AND WILL BE REPORTED IN Q4 '18 RESULTS.CONSTELLATION - Q4 OPERATING MARGIN SEEN TO MODERATE DUE TO LOWER SEASONAL PRODUCTION VOLUME, RISE IN DEPRECIATION, LINE COMMISSIONING COSTS, HEADCOUNT ADDS.CONSTELLATION BRANDS - RATIONALIZING LOW MARGIN VALUE BRAND SKUS TO IMPACT TO WINE AND SPIRITS REVENUE GROWTH BY ALMOST 100 BASIS POINTS FOR FY '18.CONSTELLATION BRANDS - NEW REVENUE ACCOUNTING STANDARD STARTING IN FISCAL '19 TO RESULT IN SOME SALES INCENTIVES RECOGNIZED EARLIER THAN THEY ARE CURRENTLY.CONSTELLATION BRANDS - OVERALL, CO IN PROCESS OF QUANTIFYING REVENUE ACCOUNTING CHANGES, BUT DOESN'T EXPECT A MATERIAL IMPACT TO NET SALES.CONSTELLATION BRANDS CEO ROB SANDS - DON'T SEE ANY IMPACT FROM LEGALIZATION OF CANNABIS IN CALIFORNIA.CONSTELLATION BRANDS CEO ROB SANDS - CANT SEE ANY REAL IMPACT ON BEVERAGE ALCOHOL SALES IN SIX STATES THAT HAVE LEGALIZED CANNABIS.  Full Article

Constellation Brands Announces Quarterly Reported Basis EPS Of $2.44
Friday, 5 Jan 2018 

Jan 5 (Reuters) - Constellation Brands Inc ::SAYS QTRLY REPORTED BASIS EPS OF $2.44.CONSTELLATION BRANDS QTRLY REPORTED NET SALES $1,799 MILLION, DOWN 1 PCT‍​.CONSTELLATION BRANDS QTRLY COMPARABLE EPS $2.00.SAYS INCREASES FISCAL 2018 REPORTED BASIS EPS OUTLOOK TO $8.50 -$8.60 AND COMPARABLE BASIS EPS OUTLOOK TO $8.40 - $8.50.SAYS BOARD AUTHORIZES NEW $3 BILLION SHARE REPURCHASE PROGRAM; $308 MILLION REMAINING ON EXISTING AUTHORIZATION.SAYS FOR FISCAL 2018, BEER BUSINESS CONTINUES TO TARGET NET SALES GROWTH IN THE RANGE OF 9 - 11 PERCENT.CONSTELLATION BRANDS SEES FISCAL 2018 CAPEX $1.175 BILLION - $1.275 BILLION , INCLUDING ABOUT $1.0 BILLION TARGETED FOR MEXICO BEER OPERATIONS EXPANSION ACTIVITIES.CONSTELLATION BRANDS SEES FOR FISCAL 2018 FOR WINE AND SPIRITS BUSINESS, NET SALES TO DECREASE IN RANGE OF 4 - 6 PERCENT, OPERATING INCOME TO BE FLAT.SAYS AFFIRMS FISCAL 2018 OPERATING CASH FLOW TARGET OF ABOUT $2.0 BILLION AND FREE CASH FLOW PROJECTION OF $725 - $825 MILLION.FY2018 EARNINGS PER SHARE VIEW $8.43 -- THOMSON REUTERS I/B/E/S.Q3 EARNINGS PER SHARE VIEW $1.89, REVENUE VIEW $1.87 BILLION -- THOMSON REUTERS I/B/E/S.CEO SAYS BELIEVE TAX REFORM LEGISLATION "WILL BE POSITIVE FOR CONSTELLATION GOING FORWARD".CONSTELLATION BRANDS - FISCAL 2018 GUIDANCE INCLUDES ASSUMPTIONS OF TAX RATE OF ABOUT 20 PERCENT, WHICH EXCLUDES POTENTIAL IMPACT FROM U.S. TAX REFORM‍​.  Full Article

Constellation Brands prices offering of senior notes
Wednesday, 1 Nov 2017 

Oct 31 (Reuters) - Constellation Brands Inc ::Constellation brands prices offering of senior notes.Constellation brands inc - announced today that it priced public offering of $2.0 billion aggregate principal amount of senior notes​.Constellation brands - ‍priced offering of $600 million of 2.000% senior notes due 2019 for public offering price of 99.860% of principal amount 2019 notes​.Constellation brands inc - ‍priced $700 million of 2.250% senior notes due 2020 for a public offering price of 99.804% of principal amount of 2020 notes​.Constellation brands-p‍riced public offering of $700 million of 2.65% notes due 2022 for public offering price of 99.582% of principal amount of 2022 notes​.  Full Article

Corona beer maker Constellation's quarterly profit misses estimates

June 29 Constellation Brands Inc on Friday reported a lower-than-expected quarterly profit due to higher marketing and transportation costs, and the Corona beer maker forecast full-year earnings that also missed estimates.