Company overview
Beer, wine and spirits producer; #2 beer company in U.S.; HQ Rochester, NY
99%
Source evidence
“We are an international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy”
Constellation Brands, Inc.
STZ
$116.00
Updated: 23/09/2026, 19:55:27
Market Cap
$19.80B
Sector
Consumer Defensive
Industry
Beverages - Alcoholic
Country
US
Stock valuation chart
One-year closing share-price history for STZ
Company Profile
Constellation Brands, Inc., together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company offers beer under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands. It also offers wine under the Cook’s California Champagne, Kim Crawford, Meiomi, Mount Veeder, Ruffino, SIMI, My Favorite Neighbor, Robert Mondavi Winery, Schrader, and The Prisoner Wine Company brands; and spirits under the Casa Noble, Copper & Kings, High West, Mi CAMPO, Nelson’s Green Brier, and SVEDKA brands. The company provides its products to wholesale distributors, retailers, on-premise locations, and state alcohol beverage control agencies. Constellation Brands, Inc. was founded in 1945 and is based in Rochester, New York.
USD
NYSE
CEO: Nicholas Fink
Employees: 9,400
Asset Summaries
Latest generated summaries for STZ
No summaries found.
Detailed business
Evidence-backed facts extracted from the latest official annual filing.
STZ-10-k-fy2026.html3.4 MBtext/htmlENFiled 22/04/2026Period ended 28/02/2026
Business monitoring
Reported and calculated KPIs plus operational exposure disclosed in the FY 2026 filing.
Evidence-backed · 58 KPI observations
Revenue
$9.1B
FY 2026 · Reported
Net income
$1.7B
FY 2026 · Reported
Gross margin
51.6%
FY 2026 · Calculated
Free cash flow
$1.8B
FY 2026 · Calculated
R&D intensity
N/A
FY — · Reported
Share repurchases
$0.9B
FY 2026 · Reported
Earnings and cash generation
USD billions, directly sourced from inline XBRL; free cash flow is operating cash flow less capex.
Profitability and reinvestment
Margins and R&D as a percentage of revenue.
Top products and services
Products and services mentioned in the filing; a quantitative sales breakdown was not disclosed.
Other offerings mentioned without separate sales
Beer brand families
Beer segment portfolio and license
Wine and Spirits portfolio
Higher-end wine and spirits brands
Area-level product sales are displayed only when the filing reports a product × geography breakdown. Regional totals are not allocated across products by estimation.
Geographic footprint
What the filing identifies, separated by location role so partner manufacturing is not presented as Apple-owned factories.
1 named headquarters
0 manufacturing countries
0 individually named factories
Map layer
Pins show disclosed operations. The heatmap colors the filing’s reported geographies; regional figures shade the region and are not estimates for each country.
Named headquarters Manufacturing partner country
Only locations and quantities explicitly supported by the filing are displayed. A country-level manufacturing percentage or product allocation is shown only when the source discloses it; materiality scores are never presented as production shares.
How the business makes money
Dependence on U.S. beer brand sales
Sales of beer brands in the U.S. represent the vast majority of business; separate distribution networks for beer vs. wine and spirits portfolios
97%
Source evidence
“sales of our beer brands in the U.S. represent the vast majority of our business”
Reportable segments
Three segments: Beer, Wine and Spirits, Corporate Operations and Other
98%
Source evidence
“We report our operating results in three segments: (i) Beer, (ii) Wine and Spirits, and (iii) Corporate Operations and Other”
Reportable segments
Two divisions (Beer; Wine and Spirits) reported in three segments: Beer, Wine and Spirits, Corporate Operations and Other
98%
Source evidence
“Our internal management financial reporting consists of two business divisions: (i) Beer and (ii) Wine and Spirits and we report our operating results in three segments: (i) Beer, (ii) Wine and Spirits, and (iii) Corporate Operations and Other.”
U.S. distribution via wholesalers and direct to government agencies
In the U.S., products are sold principally to wholesalers for resale to retailers and directly to government agencies, with separate networks for beer and wine & spirits
96%
Source evidence
“we sell our products principally to wholesalers for resale to retailers and directly to government agencies”
U.S. wholesale distribution and 3-tier system
Wholesale distributors via 3-tier system; state agencies in control states
95%
Source evidence
“In the U.S., our products are primarily distributed by wholesale distributors, and we generally use separate distribution networks for (i) our beer portfolio and (ii) our wine and spirits portfolio”
Beer brand families
Modelo, Corona, Pacifico, Victoria brand families plus Austin Cocktails and HOPWTR
97%
Source evidence
“We have the exclusive right to import, market, and sell our beer brands in all 50 states of the U.S.”
Beer segment portfolio and license
Beer segment: high-end imported beer brands and ABAs under an exclusive perpetual brand license for the U.S.
97%
Source evidence
“In the Beer segment, our portfolio consists of high-end imported beer brands and ABAs. We have an exclusive perpetual brand license to produce our beer portfolio and to import, market, and sell such portfolio in the U.S.”
Wine and Spirits portfolio
Wine and Spirits segment sells exclusively higher-end wine and spirits brands
97%
Source evidence
“In the Wine and Spirits segment, we sell a portfolio comprised of exclusively higher-end wine and spirits brands.”
Higher-end wine and spirits brands
Higher-end portfolio incl. Kim Crawford, Robert Mondavi Winery, The Prisoner, High West
96%
Source evidence
“We are a higher-end wine and spirits company in the U.S. market”
Wine and spirits sales geographies
Primarily U.S.; also Australia, Canada, Italy, New Zealand
93%
Source evidence
“Our wine and spirits are primarily marketed in the U.S. and also sold in Australia, Canada, Italy, New Zealand, and other major world markets”
FY2026 net sales by segment
Beer $8,315.2M; Wine $700.4M; Spirits $123.4M; consolidated $9,139.0M (FY2026)
98%
Source evidence
“Beer$8,315.2$8,539.8”
Positioning and strategy
Sea Smoke acquisition and Nelson's Green Brier buyout
Acquired Sea Smoke (June 2024) and remaining 25% of Nelson's Green Brier craft bourbon/whiskey (October 2024)
95%
Source evidence
“In June 2024, we acquired the Sea Smoke business, including a California-based luxury wine brand, vineyards, and a production facility.”
Minority-interest and portfolio acquisitions
Owns non-controlled interests (Glass Plant JV, Canopy, venture capital); acquired remaining interests in Austin Cocktails, My Favorite Neighbor, and Nelson's Green Brier
95%
Source evidence
“such as our acquisitions of the remaining ownership interests in Austin Cocktails, My Favorite Neighbor, and Nelson’s Green Brier”
Consumer environment and socioeconomic headwinds
Softer consumer demand from economic uncertainty, value-seeking behavior, inflation, demographics, Middle East conflict, and severe weather expected to persist into Fiscal 2027
93%
Source evidence
“We expect some or all of these market conditions and their impacts to continue into Fiscal 2027 which could have a material impact on our results of operations and financial condition.”
2025 Wine Divestitures
Sold/exclusively licensed trademarks of mainstream wine brands for $845.9M cash used for debt repayment (June 2025)
97%
Source evidence
“On June 2, 2025, we sold and, in certain instances, exclusively licensed the trademarks of a portion of our wine and spirits business... We received $845.9 million of cash proceeds, which were used for the repayment of debt.”
SVEDKA divestiture
Sold SVEDKA brand and related assets for $409.2M (January 2025)
96%
Source evidence
“On January 6, 2025, we sold the SVEDKA brand and related assets, primarily including inventory and equipment. We received $409.2 million of cash proceeds”
2025 Wine Divestitures
2025 Wine Divestitures resulted in indemnifications and potential stranded costs
93%
Source evidence
“such as the 2025 Wine Divestitures”
U.S. beer market position
#1 importer, #2 beer company in U.S.; Modelo Especial #1 beer brand in dollar sales
98%
Source evidence
“We are the #1 brewer and seller of imported beer in the U.S. market”
Beer strategy Fiscal 2027
Fiscal 2027: grow high-end beer distribution, optimize brand positioning/price pack architecture, invest in modular brewery capacity, consumer-led innovation
95%
Source evidence
“In Fiscal 2027, we intend to continue to increase distribution for key brands, optimize growth through differentiated brand positioning, price pack architecture, and market prioritization as well as invest in the next phase of modular capacity additions necessary to support our anticipated future growth.”
Risks, financing, and outlook
Total debt outstanding
Total debt $10,568.5M at Feb 28, 2026 (down 8% YoY); mostly fixed-rate senior unsecured notes maturing 2026–2050; $2.25B commercial paper program
97%
Source evidence
“Total debt outstanding as of February 28, 2026, amounted to $10,568.5 million, a decrease of $929.2 million, or 8%, from February 28, 2025.”
2025 Credit Agreement and senior notes activity
2025 Restatement Agreement: $2.25B revolver to April 28, 2030; issued 4.95% and 4.80% 2025 notes; repaid/redeemed 2018, 2015, and 2023 notes
96%
Source evidence
“The 2025 Restatement Agreement resulted in (i) refinancing the existing $2.25 billion revolving credit facility, (ii) extending its maturity to April 28, 2030, and (iii) refining certain negative covenants.”
CEO transition to Nicholas Fink
Nicholas Fink became President and CEO on April 13, 2026; successful transition is a stated dependency for future performance
97%
Source evidence
“Nicholas Fink became our President and Chief Executive Officer on April 13, 2026”
Severe weather and climate exposure in sourcing regions
Severe weather and climate change threaten agricultural raw material supply and production energy in California, Oregon, Texas, Mexico, and New Zealand
95%
Source evidence
“such as our experiences with wildfires, drought, and/or flooding in California and Oregon, severe winter storms in California, Texas, or Mexico, or late frosts or flooding in New Zealand”
Recent Wine and Spirits and Canopy-related impairments
Recognized significant impairment losses and/or write-offs including recent Wine and Spirits and Canopy-related impairments
95%
Source evidence
“such as our recent Wine and Spirits and Canopy-related impairments”
Declining beverage alcohol consumption drivers
Consumption decline risks include moderation/betterment trends, GLP-1 drugs, cannabis substitution, health warnings, WHO advocacy, tariffs, inflation, and immigration law changes affecting Hispanic consumers
95%
Source evidence
“consumer dietary preference changes, weight loss regimens and pharmaceuticals, including GLP-1 drugs, or consumers substituting legalized cannabis or hemp-derived or other similar products in lieu of beverage alcohol”
Tariff and trade policy exposure
Aluminum Section 232 tariffs (Feb 2025) negatively impacted Fiscal 2026; beer removed from scope April 2026; Canadian retaliatory actions
94%
Source evidence
“In April 2026, the U.S. government removed beer made from malt, which includes our beer products, from the scope of the Section 232 aluminum and aluminum derivative tariffs that had been in place at various rates since February 2025.”
Concentrated production/distribution facility footprint and energy price exposure
Concentrated facility footprint increases catastrophic-loss exposure; energy price/supply risk especially crude oil and natural gas tied to geopolitical events including the Middle East conflict
93%
Source evidence
“We may be impacted by increases in global energy prices or reduced supply, particularly for crude oil and natural gas”
2025 Restructuring Initiative and cost savings programs
Pursuing cost savings via 2025 Restructuring Initiative covering supplier/sourcing optimization, material and manufacturing cost innovation, and logistics productivity
93%
Source evidence
“including the 2025 Restructuring Initiative”
Food safety, contamination, and raw material quality risks
Diseases, pests, weather (smoke taint 2020 wildfires, 2021 New Zealand frost), and power disruptions (2021 Nava Brewery outage) threaten barley, hops, and grapes supply and product quality
93%
Source evidence
“such as smoke taint sustained during the 2020 U.S. West Coast wildfires or the late frost experienced in New Zealand in calendar 2021”
Wholesaler/retailer labor actions and customer prioritization risk
Wholesaler/retailer labor strikes and Customers' prioritization of directly competing products could disrupt sales
92%
Source evidence
“Employees of wholesalers or retailers of our products have engaged and may in the future engage in labor strikes”
Environmental sustainability and CSR regulatory compliance costs
Evolving climate disclosure rules (European Commission, SEC), potential environmental remediation obligations, and sustainability commitments (water stewardship, GHG, waste, circular packaging) drive compliance costs
90%
Source evidence
“the European Commission and the SEC have promulgated rules that would require significantly increased disclosures related to climate change”
Material exposure graph
Constellation Brands, Inc.
Demand Driver
U.S. consumer discretionary income, spending patterns, and moderation/betterment trends drive demand for beer, the vast majority of the business.
Relevance 95·Dependency 90·Confidence 93
Source evidence
“reduced consumer discretionary income, subdued overall consumer spending, and value-seeking behavior among consumers as well as elevated unemployment”
Wholesale distributors
Customer Exposure
Concentration in one beer wholesaler (~25% of consolidated net sales) and one exclusive wine & spirits wholesaler creates significant distribution channel dependency.
Relevance 95·Dependency 90·Confidence 96
Source evidence
“one wholesaler for our beer portfolio which, through multiple entities, represents approximately one-quarter of our consolidated net sales”
United States
Revenue Exposure
U.S. is the primary market; negative trends in the U.S. wholesale wine market drove the goodwill impairment, and U.S. distribution is consolidated under Southern Glazer's.
Relevance 95·Dependency 80·Confidence 95
Source evidence
“In connection with continued negative trends within our Wine and Spirits business primarily attributable to our U.S. wholesale market, driven by declines in both the overall wine market and in our then-owned mainstream and premium wine brands”
Consumer spending
Demand Driver
Subdued spend, value-seeking behavior, and reduced discretionary income weigh on demand for beverage alcohol; company expects these conditions to continue into Fiscal 2027.
Relevance 90·Dependency 70·Confidence 93
Source evidence
“These factors may include subdued spend, depressed sentiment, value-seeking behaviors, and reductions in the discretionary income available to purchase our products among consumers”
Agricultural raw materials (barley, hops, grapes)
Commodity Exposure
Business depends on agricultural activity; severe weather and climate change in sourcing regions (California, Oregon, Texas, Mexico, New Zealand) affect availability and cost of barley, hops, and grapes.
Relevance 85·Dependency 85·Confidence 93
Source evidence
“could affect the quality and quantity of barley, hops, grapes, and other agricultural raw materials available and decrease the supply and quality of our products”
Southern Glazer's Wine and Spirits
Customer Exposure
Consolidated U.S. wine and spirits distribution arrangement representing nearly 70% of U.S. branded wine and spirits volume creates significant distributor dependency.
Relevance 85·Dependency 80·Confidence 95
Source evidence
“We have a contractual arrangement with Southern Glazer’s Wine and Spirits which consolidated our U.S. distribution and currently represents nearly 70% of our U.S. branded wine and spirits volume.”
Section 232 aluminum tariffs
Regulatory Exposure
Aluminum tariffs in place at various rates since February 2025 negatively impacted Fiscal 2026 results; removal for malt beer in April 2026 reduces exposure.
Relevance 85·Dependency 65·Confidence 93
Source evidence
“Various tariffs and other actions negatively impacted our Fiscal 2026 results of operations. In April 2026, the U.S. government removed beer made from malt, which includes our beer products, from the scope of the Section 232 aluminum and aluminum derivative tariffs”
Tariffs and trade policy
Regulatory Exposure
International operations (beer imported from Mexico) exposed to changes in trade and tariff policies and global trade environment.
Relevance 80·Dependency 70·Confidence 92
Source evidence
“economic and other uncertainties associated with our international operations, including tariffs”
Consumer spending behavior
Demand Driver
Management cites subdued spend, value-seeking behaviors, reduced discretionary income, and U.S. demographic trends affecting demand for products including decelerating wine category.
Relevance 78·Dependency 68·Confidence 90
Source evidence
“subdued spend, depressed sentiment, value-seeking behaviors, and reductions in discretionary income”
Hispanic consumers
Demand Driver
Immigration laws, regulations, policies, and enforcement impacting consumers, particularly Hispanic consumers, could reduce beer consumption demand.
Relevance 75·Dependency 70·Confidence 88
Source evidence
“changes in immigration laws, regulations, policies, and enforcement impacting consumers, particularly Hispanic consumers”
Crude oil
Cost Driver
Increases in global energy prices or reduced supply, particularly crude oil and natural gas, raise operating costs and can disrupt operations.
Relevance 70·Dependency 65·Confidence 90
Source evidence
“We may be impacted by increases in global energy prices or reduced supply, particularly for crude oil and natural gas”
Tariffs and import/excise duties
Demand Driver
New or increased tariffs, import and excise duties, or other taxes on beverage alcohol products including raw and packaging materials could reduce consumption and raise costs.
Relevance 70·Dependency 60·Confidence 90
Source evidence
“new or increased tariffs, import and excise duties, or other taxes on or impacting beverage alcohol products, including raw and packaging materials”
Aluminum
Commodity Exposure
U.S. tariffs on aluminum and aluminum derivatives raised packaging input costs; company hedges commodities, and beer was removed from Section 232 tariff scope in April 2026.
Relevance 70·Dependency 55·Confidence 90
Source evidence
“the U.S. government has imposed tariffs on certain product imports, including on aluminum and aluminum derivatives”
Middle East conflict
Geopolitical Exposure
Middle East conflict cited as a driver of energy price increases and supply disruption, and as a war/military conflict risk affecting consumption.
Relevance 65·Dependency 55·Confidence 90
Source evidence
“including as a result of geopolitical events and tensions, wars, and military conflicts, including the conflict in the Middle East”
Extreme weather
Demand Driver
Severe weather events (wildfires, droughts, floods, extreme heat, late frosts) can constrain purchasing occasions and materially impact results.
Relevance 65·Dependency 50·Confidence 90
Source evidence
“to the extent severe weather events that impact our business, such as wildfires, droughts, floods, extreme heat, and/or late frosts, or other weather conditions that constrain purchasing occasions for our consumers, continue to occur or accelerate in future periods, it could have a material impact”
Grapes from independent growers
Raw Material Dependency
Wine portfolio supported by grapes purchased from independent growers primarily in U.S. and New Zealand.
Relevance 60·Dependency 58·Confidence 90
Source evidence
“grapes purchased from independent growers, primarily in the U.S. and New Zealand”
Climate disclosure and environmental regulation
Cost Driver
Evolving European Commission and SEC climate disclosure rules plus environmental remediation obligations require capital improvements and compliance spending.
Relevance 60·Dependency 55·Confidence 87
Source evidence
“the European Commission and the SEC have promulgated rules that would require significantly increased disclosures related to climate change”
Severe weather and climate change
Demand Driver
Severe weather events, climate change, and water supply risks listed as factors that could affect production and results.
Relevance 55·Dependency 45·Confidence 85
Source evidence
“the potential impact of severe weather events or other weather conditions”
Full company information
Latest profile, trading, valuation, and identifier data stored for STZ.
- Share price
- $116.00
- Market cap
- $19.80B
- Exchange
- NYSE
- Currency
- USD
- CEO
- Nicholas Fink
- Employees
- 9,400
- IPO date
- 17/03/1992
- Beta
- 0.4
- Last dividend
- $0.00
- Day range
- $115.50 – $117.92
- 52-week range
- $115.50 – $168.60
- 1-day performance
- -1.35%
- 1-year performance
- 0.43%
- Current drawdown (1Y)
- -31.20%
- CIK
- 0000016918
- CUSIP
- 21036P108
- ISIN
- US21036P1084
- Created
- 07/12/2025, 14:26:05
- Last update
- 23/09/2026, 19:55:27
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Latest Database News
News linked to STZ from your Railway `news_articles` table.
Constellation Brands to Report First Quarter Fiscal 2027 Financial Results on June 30, 2026 After Market Close and Host Conference Call on July 1, 2026 at 8:00 am ET
GlobeNewsWire • STOCK • 02/06/2026, 18:30:00
Constellation Brands: Valuation Is Drunk In Its Five-Year Low
Seeking Alpha • STOCK • 29/05/2026, 01:57:00
I Still Like the Stock, but This Definitely Isn't Warren Buffett's Berkshire Hathaway Anymore
Fool - Investing News • STOCK • 27/05/2026, 00:00:00
Constellation Brands: Consumer Weakness Creates A Buying Opportunity
Seeking Alpha • STOCK • 16/05/2026, 11:08:55
Constellation Brands (STZ) Down 7.9% Since Last Earnings Report: Can It Rebound?
Zacks Investment Research • STOCK • 08/05/2026, 14:31:09
Constellation Brands Prices Offering of Senior Notes
GlobeNewsWire • STOCK • 04/05/2026, 19:15:00
This Overlooked Warren Buffett Stock Is Absurdly Cheap Right Now
The Motley Fool • STOCK • 15/04/2026, 06:35:00
Berkshire Bet Constellation Cuts Guidance: Why Shares Rose 8%
MarketBeat • STOCK • 10/04/2026, 16:30:28
Constellation Brands Soars on Upbeat Q4 Earnings: ETFs in Focus
Zacks Investment Research • STOCK • 10/04/2026, 10:47:05
Constellation Brands shares rise after fourth-quarter results beat expectations
Proactive Investors • STOCK • 09/04/2026, 13:02:59
Constellation Brands, Inc. (STZ) Q4 2026 Earnings Call Transcript
Seeking Alpha • STOCK • 09/04/2026, 13:01:45
Here's What Key Metrics Tell Us About Constellation Brands (STZ) Q4 Earnings
Zacks Investment Research • STOCK • 08/04/2026, 20:30:32