NEW YORK, April 17, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Constellation Brands, Inc. (“Constellation” or the “Company”) (NYSE: STZ). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. The class action concerns whether Constellation an ...

SAN DIEGO, April 15, 2025 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Constellation Brands, Inc. (NYSE: STZ) securities between April 11, 2024 and January 8, 2025, both dates inclusive (the "Class Period"), have until Monday, April 21, 2025 to seek appointment as lead plaintiff of the Constellation Brands class action lawsuit.  Captioned Meza v. Constellation Brands, Inc., No. 25-cv-06107 (W.D.N.Y.), the Constellation Brands class action lawsuit charges Constel ...

Kris Carey to step down from her current role as EVP and Chief Human Resources Officer and will depart the company in May 2025ROCHESTER, N.Y., April 14, 2025 (GLOBE NEWSWIRE) -- Constellation Brands (NYSE: STZ), a leading beverage alcohol company, announced today that Paula Erickson will join the company and assume the role of Executive Vice President and Chief Human Resources Officer, effective April 21, 2025. Erickson will join the company’s Executive Management Committee and have oversight responsibility ...

LOS ANGELES, April 14, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Constellation Brands, Inc. ("Constellation" or "the Company") (NYSE: STZ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between April 11, 2024 and January 8, 2025, inclusive (the "Class ...

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Constellation Brands, Inc. due to alleged violations of federal securities laws related to misleading statements about the company's financial performance and outlook [2][4]. Group 1: Legal Investigation - The law firm is encouraging investors who suffered losses exceeding $50,000 in Constellation Brands between April 11, 2024, and January 8, 2025, to discuss their legal options [1]. - A federal securities class action has been filed against Constellation Brands, with a deadline of April 21, 2025, for investors to seek the role of lead plaintiff [2][6]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding Constellation's conduct [7]. Group 2: Financial Performance Allegations - The complaint alleges that Constellation Brands and its executives made false or misleading statements regarding the company's fiscal results for 2024 and the financial outlook for 2025 [4]. - The company reported significant misses in sales performance for both the Beer segment and the Wine & Spirits segment, leading to a dramatic decline in stock price from $219.28 on January 8, 2025, to $181.81 on January 10, 2025 [5].

Core Viewpoint - The Constellation Brands class action lawsuit alleges violations of the Securities Exchange Act of 1934 by the company and its executives, with a focus on misleading information regarding the company's performance in the Wine and Spirits business and ineffective investments in media and sales capabilities [1][3][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Meza v. Constellation Brands, Inc., and covers purchasers of Constellation Brands securities from April 11, 2024, to January 8, 2025 [1]. - Investors have until April 21, 2025, to seek appointment as lead plaintiff in the lawsuit [1]. - The lawsuit claims that Constellation Brands created a false impression of reliable information regarding its business and failed to disclose the ineffectiveness of its investments [3]. Group 2: Financial Performance Allegations - On January 10, 2025, Constellation Brands reported third quarter fiscal year 2025 results, showing significant misses in sales performance for both the Beer and Wine and Spirits segments [4]. - The announcement of poor sales performance led to a decline in the stock price of Constellation Brands [4]. Group 3: Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Constellation Brands securities during the class period to seek lead plaintiff status [5]. - The lead plaintiff represents the interests of all class members and can select a law firm for litigation [5]. Group 4: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud cases, having recovered $6.6 billion for investors in class action cases [6]. - The firm has been ranked 1 in securing monetary relief for investors in six out of the last ten years [6].

Core Viewpoint - A class action securities lawsuit has been filed against Constellation Brands, Inc. due to alleged securities fraud affecting investors between April 11, 2024, and January 8, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors who were negatively impacted by the alleged fraud during the specified period [1]. - The complaint highlights that the defendants provided misleading information regarding Constellation's fiscal results for 2024 and the financial outlook for 2025, particularly in the Wine and Spirits business [2]. - On January 8, 2025, Constellation announced disappointing third-quarter results, with significant misses in both the Beer and Wine & Spirits segments, leading to a sharp decline in stock price from $219.28 to $181.81 within two days [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the relevant timeframe have until April 21, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [3]. - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].

Core Insights - Constellation Brands, Inc. reported fourth-quarter fiscal 2025 results with both sales and earnings exceeding Zacks Consensus Estimates, showing year-over-year improvement despite softer consumer demand [1][4] Financial Performance - Comparable EPS for the fourth quarter was $2.63, a 14% increase year over year, surpassing the Zacks Consensus Estimate of $2.28 [3] - Reported net sales rose 1% year over year to $2.16 billion, exceeding the Zacks Consensus Estimate of $2.13 billion [4] - The company incurred a reported loss of $2.09 per share, which included a non-cash goodwill impairment loss of $547.7 million for the wine and spirits business [3] Segment Performance - Beer segment sales were nearly flat at $1.7 billion, with a 1.8% decline in shipment volumes, partially offset by pricing [5] - Wine and spirits segment sales increased 5% year over year to $459.8 million, driven by a 3.5% rise in shipment volumes [7] - Comparable operating income was $659 million, up 6% from the prior year, with beer segment operating income improving 7% to $623.8 million [8][9] Financial Position - As of February 28, 2025, cash and cash equivalents were $68.1 million, long-term debt was $9.3 billion, and total shareholders' equity was $6.9 billion [11] - The company generated an operating cash flow of $3.2 billion and an adjusted free cash flow of $1.9 billion for fiscal 2025 [11] Dividend and Shareholder Returns - A quarterly dividend of $1.02 per share was announced, payable on May 15, 2025 [12] - The company returned nearly $1.9 billion to shareholders through share repurchases and dividends in fiscal 2025 [12] Future Outlook - For fiscal 2026, the company anticipates organic net sales to decline by 2% to increase by 1%, with a significant expected decline of 17-20% in the wine and spirits segment [14] - Comparable EPS guidance for fiscal 2026 is set at $12.60-$12.90, with reported EPS expected to be $12.33-$12.63 [16] - Operating cash flow is forecasted to be $2.7-$2.8 billion for fiscal 2026, with capital expenditures of $1.2 billion planned [18] Medium-Term Projections - For fiscal 2027 and 2028, the company expects enterprise net sales growth of 2-4%, with operating income margins projected at 35-36% [19] - EPS growth is anticipated to be mid-single-digit to low-double-digit for fiscal 2027 and low-single-digit to mid-single-digit for fiscal 2028 [21]

Core Insights - Constellation Brands is facing challenges due to President Trump's tariffs on Mexican imports and his immigration policies, which are negatively impacting beer sales among Hispanic consumers [1][3] - Approximately 50% of Constellation's beer sales are derived from Hispanic consumers, and while the company has successfully marketed to non-Hispanic drinkers, the Hispanic demographic remains crucial, accounting for 78% of total revenue in the fiscal fourth quarter [2][3] - Concerns within the Hispanic community regarding immigration and job losses are leading to reduced spending on various sectors, including beer, which is affected by declining social gatherings [3][4] Financial Outlook - Constellation Brands provided a weaker-than-expected outlook for fiscal 2026 and reduced its medium-term forecasts, factoring in the impact of new tariffs, including a 25% aluminum tariff on canned beer imported from Mexico [5] - Despite the disappointing forecast, the company reported better-than-expected earnings and revenue for the quarter and announced a strategic divestment of cheaper wines to focus on higher-end brands [6] - Following the announcement, Constellation's shares fell less than 1% in afternoon trading, with a total decline of over 23% since Trump's election [6]

FY25 FINANCIAL RESULTS & FY26 TO FY28 OUTLOOK April 9, 2025 FORWARD-LOOKING STATEMENTS This presentation, including the oral statements made in the live conference call in connection herewith, contain forward-looking statements that are based on certain assumptions, estimates, expectations, plans, analyses, and opinions made by management in light of their experience and perception of historical trends, current conditions, and expected future developments, as well as other factors management believes are ap ...