Core Insights - Constellation Brands, Inc. announced the retirement of Jim Bourdeau as Chief Legal Officer effective February 28, 2026, after over 10 years with the company [1][2] - Jeff LaBarge will succeed Bourdeau as Executive Vice President and Chief Legal Officer starting March 1, 2026 [3][4] Leadership Transition - Jim Bourdeau has been a key figure in Constellation's senior leadership, contributing to the company's growth and transformation through his legal expertise and governance [2] - Bourdeau joined Constellation in September 2014 and has overseen significant M&A activities and corporate legal matters [2][5] - Jeff LaBarge, who joined Constellation in August 2016, has held various legal leadership roles and will now lead the legal and public affairs functions [4][5] Company Overview - Constellation Brands is a leading international producer and marketer of beer, wine, and spirits, with operations in the U.S., Mexico, New Zealand, and Italy [6] - The company focuses on building beloved brands and aims to be one of the fastest-growing large consumer packaged goods companies in the U.S. [6][8] - Constellation's product portfolio includes well-known brands such as Corona Extra, Modelo Especial, and various premium wines and spirits [7]

Core Insights - Penelope Bourbon has partnered with FCancer to launch two limited-edition whiskey blends, aiming to raise over $500,000 for cancer support initiatives [1][2][3] - The collaboration emphasizes community involvement and aims to honor those affected by cancer while promoting awareness and support [2][3][5] Company Overview - Penelope Bourbon is recognized as one of the fastest-growing premium whiskey brands, established in 2018, and has received multiple industry awards for its products [7] - FCancer is a nonprofit organization focused on advancing health equity through cancer prevention, early detection, and support programs [7][9] Product Details - The FCancer blend will be bottled at 94 proof (47% ABV) with a suggested retail price of $79.99 per 750ml, while the FCancer Barrel Strength will be at 114.6 proof (57.3% ABV) priced at $99.99 per 750ml [5] - The FCancer blend features a complex flavor profile including aromas of black pepper, caramel, and citrus zest, while the Barrel Strength blend offers notes of sweet cream and baking spices [4][5] Fundraising Events - A live fundraising event is scheduled for October 29, 2025, in Austin, Texas, with ticket sales contributing directly to FCancer's mission [6] - The event marks the first live fundraising initiative for the partnership, reinforcing the commitment to community support and awareness [6]

Core Viewpoint - Constellation Brands, Inc. has updated its financial outlook for fiscal 2026, indicating a decline in organic net sales and beer net sales, while projecting significant growth in reported operating income [1][2][3] Financial Outlook - Reported diluted EPS guidance is updated to a range of $10.77 - $11.07, with comparable EPS guidance at $11.30 - $11.60 [2][29] - Enterprise organic net sales are expected to decline by (6)% - (4)%, while reported operating income is projected to grow by 666% - 686% [1][2] - Comparable operating income is anticipated to decline by (11)% - (9)% [2] Beer Segment Performance - Beer net sales are expected to decline by (4)% - (2%) and operating income is projected to decline by (9)% - (7%) [1][2] - High-end beer buy rates have decelerated, particularly among Hispanic consumers, impacting the beer business more than the broader category [3] Strategic Initiatives - The company continues to focus on cost savings and efficiency initiatives, which are expected to support investment levels behind its brands [3] - Constellation Brands has executed $604 million in share repurchases under a three-year $4 billion authorization [3] Cash Flow and Capital Expenditures - Operating cash flow is projected to be between $2.5 billion and $2.6 billion, with free cash flow expected to be between $1.3 billion and $1.4 billion [2][31] - Capital expenditures are unchanged at approximately $1.2 billion [2][31] Market Position - Despite challenges, the company has grown volume share in 49 of 50 states and remains the top dollar share gainer in the U.S. beer category with a 0.4 point increase [3]

Core Insights - Constellation Brands, Inc. will report its financial results for the second quarter ending August 31, 2025, on October 1, 2025, after U.S. market close [1] - A conference call for analysts will take place on October 2, 2025, at 10:30 a.m. ET, featuring discussions on financial results, operating performance, and future outlook [1][2] Company Overview - Constellation Brands is a leading international producer and marketer of beer, wine, and spirits, with operations in the U.S., Mexico, New Zealand, and Italy [3] - The company aims to build beloved brands and is recognized as one of the fastest-growing large consumer packaged goods (CPG) companies in the U.S. retail sector [3] Product Portfolio - The company's product offerings include high-end imported beers like Corona Extra and Modelo Especial, a variety of wines such as The Prisoner Wine Company and Robert Mondavi Winery, and craft spirits including Casa Noble Tequila and High West Whiskey [4] Sustainability and ESG Strategy - Constellation Brands emphasizes sustainable and responsible operations, integrating an Environmental, Social, and Governance (ESG) strategy into its business model [5] - The company focuses on environmental stewardship, community investment, and promoting responsible beverage alcohol consumption as part of its long-term business strategy [5]

Core Insights - Crown Royal has launched a new limited-edition product, Crown Royal Chocolate Flavored Whisky, which combines selected whiskies with rich chocolate flavor for a unique tasting experience [1][5] - The new flavor is designed to encourage consumers to explore whisky in unexpected ways, showcasing the brand's commitment to innovation and quality [3][5] Product Details - Crown Royal Chocolate Flavored Whisky features aromas of vanilla, creamy chocolate, and oak, with hints of caramel and toffee, finishing with notes of dark cacao [3] - The whisky is versatile for cocktail pairings, mixing well with grapefruit juice, cola, and lemonade, and can be used in classic cocktails like Old Fashioned and Espresso Martini [4] Availability and Pricing - The product will be available nationally starting September 1, 2025, with a suggested retail price of $26.99 [6] Brand Background - Crown Royal is the number-one selling Canadian whisky brand globally, known for its smooth and elegant flavor, which was originally blended to commemorate a royal visit in 1939 [7] - The brand is part of Diageo, a global leader in beverage alcohol with a diverse portfolio of brands [8]

Core Insights - Remus Bourbon announced the release of Remus Repeal Reserve Series IX Straight Bourbon Whiskey, a limited-edition bourbon aged between 10 and 18 years, with a minimum suggested retail price of $99.99 per 750mL bottle [2][4][5] Product Details - The bourbon is crafted from a blend of high-rye bourbons, including 7% of an 18-year-aged bourbon with 21% rye, 26% of an 11-year-aged bourbon with 36% rye, 23% of a 10-year-aged bourbon with 36% rye, and 44% of another 10-year-aged bourbon with 21% rye [5] - It has a proof of 104 (52% ABV), making it the highest proof ever for the Remus Repeal Reserve series [4][7] Aroma and Flavor Profile - The bourbon features an aroma of seasoned oak, leather, ripe sweet cherry, and subtle tobacco, with flavors of cherry, roasted coffee, and smoky spice, finishing with lingering notes of coffee, cherry, and tobacco [6] Industry Recognition - The Remus Repeal Reserve collection has received numerous awards, including a platinum medal at the 2025 ASCOT Awards and a double gold medal at the 2025 San Francisco World Spirits Competition [7]

Core Insights - Constellation Brands, Inc. will participate in the 2025 Barclays Global Consumer Staples Conference, discussing financial metrics, operating performance, strategic initiatives, and future outlook [1] Company Overview - Constellation Brands is a leading international producer and marketer of beer, wine, and spirits, with operations in the U.S., Mexico, New Zealand, and Italy [3] - The company aims to build beloved brands and is recognized as one of the fastest-growing large consumer packaged goods (CPG) companies in the U.S. retail sector [3] Product Portfolio - The company's product offerings include high-end imported beers like Corona Extra and Modelo Especial, a variety of wines such as The Prisoner Wine Company and Robert Mondavi Winery, and craft spirits including Casa Noble Tequila and High West Whiskey [4] Sustainability and ESG Strategy - Constellation Brands emphasizes sustainable and responsible operations, integrating an Environmental, Social, and Governance (ESG) strategy into its business model [5] - The company focuses on environmental stewardship, community investment, and promoting responsible alcohol consumption as part of its long-term business strategy [5]

Core Insights - Constellation Brands, Inc. will participate in the 2025 Barclays Global Consumer Staples Conference on September 2, 2025, where executives will discuss financial metrics, operating performance, strategic initiatives, and future outlook [1] Company Overview - Constellation Brands is a leading international producer and marketer of beer, wine, and spirits, with operations in the U.S., Mexico, New Zealand, and Italy [3] - The company's mission focuses on building beloved brands and enhancing human connections, which drives its growth as one of the fastest-growing large consumer packaged goods companies in the U.S. [3] Product Portfolio - The company offers a diverse range of products, including high-end imported beers like Corona Extra and Modelo Especial, a variety of wines such as The Prisoner Wine Company and Robert Mondavi Winery, and craft spirits like Casa Noble Tequila and High West Whiskey [4] Sustainability and ESG Strategy - Constellation Brands emphasizes sustainable and responsible operations, integrating its Environmental, Social, and Governance (ESG) strategy into its business practices [5] - The company aims to be a good steward of the environment, invest in communities, and promote responsible beverage alcohol consumption, aligning these goals with its long-term business strategy [5]

Financial Performance - Organic net sales increased by 1.7%[9], but excluding the Cîroc transaction, the increase was 1.5%[9] - Organic operating profit decreased by 0.7%[10], attributed to overheads, primarily staff costs and strategic investments[10] - Pre-exceptional EPS decreased by 8.6% to 164.2 cents[10], mainly due to a lower Moët Hennessy contribution and unfavorable FX at 103.48c[10] - Free cash flow increased by $0.1 billion to $2.7 billion[9], driven by strong working capital management[10] Strategic Initiatives - The company is implementing the "Accelerate" program to deliver approximately $625 million in cost savings over 3 years[22], with about 50% reinvested for future growth and 50% dropping through to the bottom line[29] - Capital expenditure for fiscal year 26 is guided to be in the range of $1.2-$1.3 billion[47], moving to mid-single-digit % net sales (fiscal 25: 7.7%) over 3 years[47] - The company aims to be well within the leverage target range of 2.5-3.0x net debt/EBITDA no later than fiscal year 28[23] Market Dynamics - Developed markets accounted for 62% of organic net sales, while emerging markets accounted for 38%[67] - The company gained or held share in 65% of measured markets[65] - Non-alcoholic beverages experienced approximately 40% organic net sales growth[88] Regional Performance - North America: Organic sales growth with share gains in TBA led by Don Julio and Crown Royal[69] - Asia Pacific: Weaker performance in China and Travel Retail offset India growth[65] - Latin America and Caribbean: Return to growth[65], with organic sales growth of 9.2%[68]

Core Insights - Rebel Bourbon has announced the annual release of its award-winning Rebel 10-Year Single Barrel Bourbon, which is aged for a decade and bottled one barrel at a time, creating a unique flavor profile for each barrel [1][2][3] - The bourbon is bottled at 100 proof (50% ABV) with a limited allocation of 2,600 cases of 750mL bottles available at a minimum suggested retail price of $99.99 [1][2][3] Product Details - Rebel 10-Year Single Barrel is handcrafted according to a wheated recipe dating back to 1849, featuring a mash bill of 68% corn, 20% wheat, and 12% malt [4] - The bourbon presents a golden amber color with aromas of vanilla and dark fruits, complemented by flavors of caramel, citrus, and a smooth finish with a hint of spice [4] Industry Recognition - Rebel 10-Year Single Barrel has received multiple prestigious awards, including the Single Barrel American Whiskey of the Year at the 2025 Bartender Spirits Awards and double gold medals at the 2025 San Francisco World Spirits Competition [6][7][9] - The product has also earned a double platinum medal at the 2025 ASCOT Awards, showcasing its high quality and industry acclaim [9] Company Background - Rebel Bourbon is distilled in Bardstown, Kentucky, by Lux Row Distillers, with a focus on a wheated mash bill that celebrates bold originality and a rebellious spirit [7] - Luxco, the parent company, has been a leading producer and supplier of beverage alcohol products since 1958, operating multiple distilleries and offering a diverse portfolio of award-winning brands [8][10]