Tag Archives: Constellation Brands

CBrands Net Soars 143% on 17% Jump in Sales

Posted on June 30, 2022 by Joel Whitaker

Constellation Brands reports net income rose 143% to $390 million, or $2.06 a share, as fiscal first quarter sales rose 17% to $2.36 billion. Beer Business The beer business achieved double-digit net sales and operating income growth and 9%depletion growth … Continue reading →

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Sands Brothers to Retire from Active Management at Constellation Brands

Posted on June 30, 2022 by Joel Whitaker

Just days after Heaven Hill Brands announced executive changes to pass control of the family-owned distiller to a third generation, Constellation Brands announced Robert and Richard Sands, who currently serve as Executive Chairman of the Board and Executive Vice Chairman of the Board, respectively, … Continue reading →

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CBrands Prices $1.85 Billion Senior Notes Offering

Posted on May 2, 2022 by Joel Whitaker

Constellation Brands, Inc. said it priced the public offering of $1.85 billion aggregate principal amount of Senior Notes, consisting of (i) $550.0 million of 3.60% Senior Notes due 2024 (the “2024 notes”) for a public offering price of 99.941% of … Continue reading →

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CBrands Intros RtD Boxed Wine Cocktails

Posted on April 12, 2022 by Joel Whitaker

Constellation Brands introduces Next Round Cocktails, its first-ever ready-to-drink (RTD) and multi-serve boxed wine cocktails made with a blend of real fruit juice and crisp wine in the popular flavors of Salted Lime Margarita and Strawberry Lime Sangria. The rolling … Continue reading →

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CBrands Speeds Stock Buyback

Posted on April 7, 2022 by Joel Whitaker

Constellation Brands, Inc. said it entered into an accelerated share repurchase (“ASR”) agreement with Bank of America, N.A. to repurchase $500.0 million of its Class A common stock (“Common Stock”). Under the ASR agreement, Constellation will receive approximately 1.7 million … Continue reading →

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Sands Family Gets Set to Bail from Constellation Brands

Posted on April 4, 2022 by Joel Whitaker

That’s not how they are spinning it, of course.  Officially, Constellation Brands said the Sands Family has proposed declassifying Constellation Brand’s common stock, a move that would lead to a single-class common stock structure.  Each Class B common share would the … Continue reading →

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