Constellation Brands, Inc. is a prominent global producer and marketer of beer, wine, and spirits with a broad portfolio of well-known brands.

# Summary of Constellation Brands, Inc.

## Company Overview
Constellation Brands, Inc. is a leading international producer and marketer of beer, wine, and spirits. The company operates with a geographical presence in the U.S., Mexico, New Zealand, and Italy. Constellation is known for its high-quality brands, including:

- **Beer Brands**: Modelo Especial, Corona Extra, Pacifico, and Victoria.
- **Wine Brands**: Robert Mondavi Winery, Kim Crawford, and The Prisoner Wine Company.
- **Spirits Brands**: High West, Casa Noble, and Mi CAMPO.

The company's mission is to build brands that are loved by consumers, enhancing human connections to foster loyalty and engagement.

## Operations
- **Headquarters**: Rochester, New York, operating as a Delaware corporation.
- **Employees**: Approximately 10,600 employees as of February 28, 2025, including 1,300 employees through the joint venture with Owens-Illinois.
- **Production Capacity**: The company operates two major breweries in Mexico, 12 wineries in the U.S., two wineries in New Zealand, and five in Italy.

## Financial Performance (Fiscal Year Ended February 28, 2025)
- **Net Sales**: $10.2 billion, up 2% from $9.96 billion in Fiscal 2024.
  - **Beer Segment**: $8.54 billion (5% increase).
  - **Wine and Spirits Segment**: $1.67 billion (7% decrease).
  
- **Gross Profit**: $5.31 billion, a 6% increase compared to $5.02 billion in the previous year.
  
- **Operating Income**: $354.9 million (down 89% from $3.17 billion), largely due to significant goodwill and asset impairments.
  
- **Net Income Attributable to Constellation Brands, Inc. (CBI)**: -$81.4 million, a decrease of 105% from $1.73 billion in Fiscal 2024.

- **Earnings Per Share**:
  - **Basic**: -$0.45 for Class A Stock.
  - **Diluted**: -$0.45 for Class A Stock.

## Market Presence
- **Customer Base**: The company primarily serves wholesale distributors, retailers, and on-premise locations across various markets.
- **Notable Market Position**: 
  - The second-largest beer company in the U.S.
  - #1 beer brand in dollar sales in the U.S.: Modelo Especial.
  - #1 share gainer in the high-end beer segment.

## Strategic Focus
Constellation Brands is focused on premiumization trends within the beverage alcohol sector. The company aims to enhance its portfolio, increase efficiency, and foster organic growth through strategic investments and acquisitions, including significant divestitures to focus on higher-end brands.

Recent strategic initiatives include the **2025 Wine Divestitures Transaction**, an effort to restructure the wine and spirits division to emphasize higher-margin and higher-growth categories.

## Conclusion
Constellation Brands, Inc. is positioned to leverage its strong brand portfolio, comprehensive market reach, and strategic initiatives to navigate challenges and capitalize on growth opportunities within the highly competitive beverage alcohol industry.

Constellation Brands, Inc. is a leading international producer and marketer of beverage alcohol products, specializing in beer, wine, and spirits with a commitment to premiumization and innovation.

# Constellation Brands, Inc. Overview

## Company Description
Constellation Brands, Inc. is a leading international producer and marketer of beverage alcohol products, with a diversified portfolio of beer, wine, and spirits. The company is renowned for its high-quality brands and operates primarily in the U.S., Mexico, New Zealand, and Italy. Constellation Brands focuses on consumer-connected, premium products and holds several prominent brands including:

- **Beer Brands:** 
  - Corona Brand Family (e.g. Corona Extra, Corona Premier, and Corona Hard Seltzer)
  - Modelo Brand Family (e.g. Modelo Especial, Modelo Negra)
  - Other Import Brands (e.g., Victoria, Pacifico)

- **Wine Brands:**
  - Robert Mondavi Winery
  - Kim Crawford
  - Meiomi
  - The Prisoner Wine Company

- **Spirits Brands:**
  - High West
  - Casa Noble
  - SVEDKA Vodka

The company aims to capitalize on consumer-led premiumization trends within the beverage alcohol market.

## Business Segments
Constellation Brands operates in three main segments:
1. **Beer:** The largest segment by revenue, focusing on high-end imported beer brands and craft beer.
2. **Wine and Spirits:** A segment committed to higher-end wine and spirits brands, focusing on growth and improving margins.
3. **Corporate Operations and Other:** This segment includes traditional corporate functions, legal, investor relations, and operates investments like Canopy Growth Corporation.

## Key Financials
- **Revenue:** 
  - Fiscal Year 2024: $9.96 billion (up from $9.45 billion in Fiscal Year 2023)
  
- **Net Income:**
  - Fiscal Year 2024: $1.73 billion (an increase from a net loss of $71 million in Fiscal Year 2023)
  
- **Operating Income:**
  - Fiscal Year 2024: $3.17 billion (compared to $2.84 billion in Fiscal Year 2023)

## Employees
- **Total Employees:** Approximately 10,600 employees as of February 29, 2024. This number includes around 1,300 employees from an equally-owned joint venture with Owens-Illinois. 

## Customer Base
- Constellation Brands primarily distributes its products through a vast network of wholesalers, retailers, and restaurants across the U.S., with an emphasis on owning exclusive rights to import and market its Mexican beer brands in all 50 states.
- The company operates through various distribution channels, including DTC (Direct-to-Consumer) and 3-tier eCommerce platforms, allowing it to reach a wide customer base.

## Market Position
- **Beer Segment:** The second-largest beer company in the U.S. and number one share gainer in the high-end beer market. In Fiscal 2024, Modelo Especial became the best-selling beer brand in dollar sales in the U.S. market.
- **Wine Segment:** A significant player in the higher-end wine market with key brands ranking among the top-selling. The segment has been affected by market trends but is seeing growth from its fine wine and craft spirits portfolio.

## Strategic Focus
- Constellation Brands is committed to innovation and premiumization within the beverage alcohol sector, investing in infrastructure and digital business acceleration to support growth.
- The company also emphasizes sustainability and social responsibility, integrating ESG (Environmental, Social, and Governance) initiatives into its operations.

In summary, Constellation Brands, Inc. stands out in the beverage alcohol industry with a robust portfolio, significant market share, and a focus on premiumization and sustainability, all supported by a large workforce and diverse customer base.

CONSTELLATION BRANDS, INC.

10-K / April 23, 2025

10-K / April 23, 2024

10-K / April 23, 2025

Summary of Constellation Brands, Inc.

Company Overview

Operations

Financial Performance (Fiscal Year Ended February 28, 2025)

Market Presence

Strategic Focus

Conclusion