Constellation Brands, Inc.
cbrands.comWhat Do They Do?
Sells imported beer to wholesale distributors and retailers, alongside wine and spirits.
10-K for FY2026, filed Apr 22, 2026We are an international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy with…View ↗
We are the #1 brewer and seller of imported beer in the U.S. market. We are also a leader in the high-end segment of the U.S. beer market…View ↗
We are a higher-end wine and spirits company in the U.S. market, with a portfolio that we believe is positioned for long-term growth. Our…View ↗
How Do They Make Money?
Customers pay for beer, wine and spirits in cash or on agreed credit terms; payment is due soon after the goods ship or are delivered.
10-K for FY2026, filed Apr 22, 2026Our revenue (referred to in our financial statements as “sales”) consists primarily of the sale of beer, wine, and spirits domestically in…View ↗
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10-K for FY2026, filed Apr 22, 2026
FY2026 revenue by reportable segment ↗
$9.1B
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10-K for FY2026, filed Apr 22, 2026
$9.1B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Beer
Sold outright
10-K for FY2026, filed Apr 22, 2026 |
91%
FY2023: 79%
|
Beer, FY2026
$8.3B Sources
|
Sold outright |
|
Wine and Spirits
Sold outright
|
9.0%
FY2023: 21%
|
Wine and Spirits, FY2026
$823.8M Sources
|
Sold outright |
|
Corporate Operations and Other
|
0.0%
FY2023: 0.0%
|
Corporate Operations and Other, FY2026
$0 Sources
|
Who Are Their Customers?
Wholesale distributors and retailers are customers; in the U.S., products are primarily distributed through wholesalers, while state alcohol agencies distribute them where governments act as distributors.
10-K for FY2026, filed Apr 22, 2026
Do Revenues Turn Into Profits?
Yes. It kept 18 cents of every revenue dollar as net income in FY2026 and turned 20 cents into free cash flow.
10-K for FY2026, filed Apr 22, 2026
$2.7BView ↗
10-K for FY2026, filed Apr 22, 2026
$1.7BView ↗
10-K for FY2026, filed Apr 22, 2026
$1.8BView ↗
How Are They Changing?
10-Q for Q2 FY2027, filed Oct 7, 2026
Open tableView ↗
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Jun 30, 2026
Updates fiscal 2027 reported EPS outlook
Reported EPS outlook is $11.50 - $12.20; comparable EPS, operating cash flow and free cash flow targets were affirmed.
Sources
8-K, filed Jun 30, 2026
Generates reported EPS of $3.79 and comparable EPS of $3.43 Beer Business delivers both net sales and operating income growth of 2% and…View ↗
Flat. Revenue was $9.1B in FY2026, about the same as the $8.8B of FY2022.
Wine and spirits portfolio
The earlier report described refining the portfolio toward higher-end brands, with separate teams for fine wine and craft spirits and for mainstream and premium brands. The latest report describes the portfolio as exclusively higher-end.
10-K for FY2023, filed Apr 20, 2023 10-K for FY2026, filed Apr 22, 2026In our wine and spirits business, we continue to focus on higher-end brands, improving margins, and creating operating efficiencies. We…View ↗
Who Do They Compete With?
Competes with Anheuser-Busch InBev, The Boston Beer, Heineken, Mark Anthony, Molson Coors, Deutsch Family Wine & Spirits, Duckhorn Portfolio, GALLO, Treasury Wine Estates, The Wine Group, Wagner Family of Wine, Bacardi USA, Brown-Forman, Diageo, Heaven Hill, Pernod Ricard, Proximo, Sazerac, and Suntory Global Spirits
10-K for FY2026, filed Apr 22, 2026Anheuser-Busch InBev, The Boston Beer Company, Heineken, Mark Anthony, Molson CoorsView ↗
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