Last $93.76 USD
Change Today -0.12 / -0.13%
Volume 1.3M
As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

constellation brands inc-a (STZ) Snapshot

Open
$94.87
Previous Close
$93.88
Day High
$95.22
Day Low
$93.68
52 Week High
11/21/14 - $95.22
52 Week Low
12/18/13 - $68.17
Market Cap
18.1B
Average Volume 10 Days
886.4K
EPS TTM
$3.78
Shares Outstanding
169.5M
EX-Date
--
P/E TM
24.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for CONSTELLATION BRANDS INC-A (STZ)

constellation brands inc-a (STZ) Details

Constellation Brands, Inc., together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. Its wine brands include Arbor Mist, Black Box, Blackstone, Clos du Bois, Estancia, Franciscan Estate, Inniskillin, Kim Crawford, Mark West, Mount Veeder, Nobilo, Ravenswood, Rex Goliath, Robert Mondavi, Ruffino, Simi, Toasted Head, and Wild Horse; and Spirits Brands comprise Black Velvet Canadian Whisky and Svedka Vodka. Constellation Brands, Inc. primarily offers its products to wholesale distributors, retailers, on-premise locations, and government alcohol beverage control agencies. The company was founded in 1945 and is headquartered in Victor, New York.

6,300 Employees
Last Reported Date: 04/29/14
Founded in 1945

constellation brands inc-a (STZ) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.2M
Executive Chairman
Total Annual Compensation: $1.2M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $595.9K
Executive Vice President and President of Win...
Total Annual Compensation: $579.0K
Executive Vice President and President of Bee...
Total Annual Compensation: $389.7K
Compensation as of Fiscal Year 2014.

constellation brands inc-a (STZ) Key Developments

Constellation Brands Announces Full Redemption of 8 3/8% Senior Notes Due 2014

Constellation Brands, Inc. announced that it has given notice for full redemption of all of its outstanding 8 3/8% Senior Notes due 2014 to be effected on November 26, 2014. As of October 20, 2014, there were $500 million in aggregate principal amount of the Notes outstanding. The redemption price for the Notes, payable in cash, will be calculated pursuant to the formula set forth in the supplemental indenture relating to the Notes.

Constellation Brands Inc. Announces Earnings Results for the Second Quarter and Six Months of Fiscal 2015; Reaffirms Earnings Guidance for the Fiscal 2015

Constellation Brands Inc. announced earnings results for the second quarter and six months of fiscal 2015. For the quarter, the company announced comparable net sales of $1,608 million, an increase of 10%, reported net sales of $1,604 million, an increase of 10%, comparable operating income of $413 million, an increase of 17%, reported operating income of $379 million, an decrease of 77%, comparable earnings before interest and taxes of $413 million, an increase of 16%, comparable net income of $222 million, an increase of 18%, reported net income of $196 million, an decrease of 87%, comparable diluted earnings per share of $1.11, an increase of 16% and reported diluted earnings per share of $0.98, an decrease of 87%. The 10% increase in consolidated Net Sales were driven by $73 million of incremental net sales which represents the consolidation of one additional week of beer business net sales in the second quarter 2015 due to the timing of the beer business acquisition. CapEx was $308 million compared to $49 million last year. Net debt was $7.1 billion, an increase of $131 million since the end of fiscal 2014. The increase primarily reflects the funding of the $558 million post-closing purchase price adjustment payment made during the quarter for the beer transaction, offset by free cash flow generation. Free cash flow for the first six months of fiscal 2015 totaled $360 million as compared to $440 million for the same period last year. The company is increasing its total capital expenditure estimate for fiscal 2015 to a range of $725 million - $775 million against its previous range of $575 million - $625 million. Due to this higher capital expenditure estimate, the company is now targeting free cash flow for fiscal 2015 to be in the range of $275 million - $350 million against its previous range of $425 million - $500 million. The company still expects to generate operating cash flow of at least $1 billion for fiscal 2015 and despite the higher capital expenditure investments. The company expects interest expense in the range of approximately $345 million to $355 million and tax rate in the range of approximately 30%. The company reaffirmed fiscal 2015 comparable basis diluted EPS outlook of $4.10 - $4.25 and updates reported basis diluted EPS outlook to $3.85 - $4.00. The expects comparable basis tax rate to approximate 30%. Free cash flow to be in the range of $275 million to $350 million versus the previous range of $425 million to $500 million.

Owens-Illinois, Inc. Agrees to Enter into Joint Venture and Long-Term Supply Agreement with Constellation Brands

Owens-Illinois, Inc. announced that it has agreed to enter into a 50-50 joint venture with Constellation Brands Inc. The joint venture will operate the glass container production plant in Nava, Mexico, that Constellation recently agreed to purchase from Anheuser-Busch Inbev (ABI). The plant will provide bottles exclusively for Constellation's adjacent brewery, which brews a leading portfolio of Mexican beer brands for export to the United States, including Corona Extra, Corona Light, Modelo Especial, Negra Modelo and Pacifico. To help meet current and rising demand from Constellation's brewery, the joint venture plans to expand the plant from one furnace to four over the next four years. O-I and Constellation will each initially contribute approximately $100 million to the joint venture. The capacity expansion, which is expected to cost approximately $350 million, will be financed by equal contributions from both partners. O-I will account for the investment and returns as an equity joint venture. In a related development, O-I has agreed to enter into a long-term agreement to supply glass containers to Constellation's Nava brewery. Supply under the agreement, primarily from O-I's plant in Waco, Texas, begins in late 2015, ramping up significantly in the following year. O-I is expected to supply the output from at least one furnace under this agreement. After the joint venture expansion is complete, supply under the agreements will add the equivalent of approximately 20% of O-I's existing North America production. Together, these transactions are expected to contribute $0.05 per share to O-I's 2016 earnings, increasing to $0.15 per share once the agreements are fully implemented. These transactions will not impact O-I's projected free cash flow generation of approximately $350 million in 2014 and $400 million in 2015, and they will not affect the company's commitment to repurchase at least $100 million in shares in 2015. Funding the joint venture is expected to reduce the capital allocated to O-I's deleveraging efforts.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
STZ:US $93.76 USD -0.12

STZ Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Brown-Forman Corp $94.14 USD +0.27
Davide Campari-Milano SpA €5.50 EUR -0.015
Greene King PLC 746.50 GBp 0.00
Grupo Modelo SAB de CV $124.64 MXN 0.00
Remy Cointreau SA €59.32 EUR +0.29
View Industry Companies
 

Industry Analysis

STZ

Industry Average

Valuation STZ Industry Range
Price/Earnings 24.3x
Price/Sales 3.1x
Price/Book 3.3x
Price/Cash Flow 20.6x
TEV/Sales 1.5x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact CONSTELLATION BRANDS INC-A, please visit www.cbrands.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.