Constellation Brands, Inc.

Company facts

Industry

Beverages

Headquarters

Rochester, New York

Most recent report

10-Q, filed Oct 7, 2026

Incorporated

Delaware

Filings on record

1,005+ filings

On EDGAR

CIK 16918

Fiscal year ends

February

Filer status

Large accelerated filer

What to read: Aug 2026 10-Q

SECSift found 3 of 10 sections worth reading, with 1 positive, 3 notable, and 4 negative flags.

• Financial Statements (Item 1)

  Large debt maturities, asset write-downs, and tax headwinds make this critical.
  Notable

  • Acquired SpikedAde for $75M initial cash plus contingent consideration up to $278M over five years.
  Negative

  • Nelson's Green Brier business written down $49.8M to fair value of $5.0M.
  • OB3 Act will negatively impact the effective tax rate in Fiscal 2027 due to changes in foreign earnings taxation.

• Management's Discussion (Item 2)

  Full of quantitative results, impairment, tax rate shift, and acquisition details.
  Positive

  • Total debt fell $252.8M to $10.316B as of August 31, 2026, improving the balance sheet.
  Notable

  • 2025 Restructuring Initiative expected to yield over $200M in net annualized cost savings by Fiscal 2028.
  Negative

  • $68.1M asset impairment in H1 FY2027, largely from plan to sell Nelson's Green Brier and New Zealand wine brands.

• Legal Proceedings (Item 1)

  Pending securities class action on beer business, undecided after oral argument.
  Notable

  • Three derivative lawsuits filed Mar-Jun 2025 were consolidated and stayed or voluntarily dismissed; no ruling on merits.
  Negative

  • Class action lawsuit filed Feb 2025, amended to target beer business; motion to dismiss still pending after July 2026 oral argument.

What changed: Aug 2026 vs. May 2026

About 15% of STZ's Aug 2026 10-Q is new information. 78 paragraphs were added, 134 changed, and 49 removed. Below are the most important lines SECSift identified.

• Item 2 111
• Item 1 35
• Item 3 4
• Item 6 2
• Item 4 1
• Item 5 1