Last $94.80 USD
Change Today -0.61 / -0.64%
Volume 1.6M
STZ On Other Exchanges
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As of 4:15 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

constellation brands inc-a (STZ) Snapshot

Open
$95.62
Previous Close
$95.41
Day High
$95.81
Day Low
$94.59
52 Week High
11/28/14 - $96.60
52 Week Low
01/6/14 - $68.54
Market Cap
18.3B
Average Volume 10 Days
991.1K
EPS TTM
$3.78
Shares Outstanding
169.5M
EX-Date
--
P/E TM
25.1x
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 and Executive Vice Pr...
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 Inc. and Owens-Illinois Form Joint Venture and Complete Acquisition of Nava Glass Plant

Constellation Brands, Inc. announced that it has finalized the joint venture with Owens-Illinois and has completed the acquisition of Anheuser-Busch InBev SA/NV's glass production plant, which is located adjacent to Constellation's brewery in Nava, Coahuila, Mexico. Constellation has also purchased from ABI a high-density warehouse, land and rail infrastructure at the same site. The purchase price for all of these assets was approximately $300 million. This investment in glass sourcing will help ensure Constellation is well-positioned to support the continued momentum and growth opportunities for its beer portfolio well into the future. The glass plant currently has one operational glass furnace and the JV plans to scale the plant to four furnaces. When fully operational with four furnaces, this facility is expected to supply more than 50% of the glass needs for Constellation's U.S. beer business. When this expansion is completed, the number of employees working at the plant is estimated to reach approximately 800, up from the approximately 260 employees currently working at the location today.

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.

 

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