Constellation Brands Announces Revised Date for Third Quarter Financial Results Conference Call

Constellation Brands reschedules Q3 financial results announcement to January 10, 2025, due to a national day of mourning.

Quiver AI Summary

Constellation Brands, Inc. announced a change in the date for reporting its third-quarter financial results, now scheduled for January 10, 2025, before U.S. market opening, following the national day of mourning for former President Jimmy Carter. A conference call hosted by CEO Bill Newlands and CFO Garth Hankinson will take place at 10:30 a.m. ET on the same day, with access details provided for participants. The company, a significant player in the beverage alcohol industry with a diverse range of brands spanning beer, wine, and spirits, emphasized its commitment to sustainability and social equity, aiming to create a future that values connection and responsible consumption. Additional resources and a replay of the conference call will be available on their investor relations website.

Potential Positives

• Constellation Brands demonstrates corporate responsibility by rescheduling itsearnings callin observance of a national day of mourning for former President Jimmy Carter.
• The company is providing clear transparency and communication regarding its financial results, encouraging investor engagement through a scheduled conference call and live webcast.
• Constellation Brands continues to position itself as a significant player in the beverage alcohol sector, emphasizing its diverse and high-end product portfolio, including iconic brands like Corona and high-quality wines and spirits.
• The company's commitment to sustainability and responsible practices is highlighted, enhancing its reputation and appeal among socially conscious consumers and investors.

Potential Negatives

• The rescheduling of the conference call to observe a national day of mourning may indicate unexpected circumstances affecting the company’s operations or schedule.


• The delay in reporting financial results could lead to uncertainty among investors regarding the company's performance during the quarter.


• The company’s need to revise previously announced dates may raise concerns over internal processes or management effectiveness in maintaining timelines.

FAQ

When will Constellation Brands report its third quarter financial results?

Constellation Brands will report its third quarter financial results on January 10, 2025, before U.S. market opening.

Who will host the conference call on January 10, 2025?

The conference call will be hosted by CEO Bill Newlands and CFO Garth Hankinson.

How can I access the conference call?

The conference call can be accessed by dialing +1-877-407-9121 with identification number 13750414, starting at 10:20 a.m. ET.

Is there a way to listen to the conference call online?

A live, listen-only webcast of the conference call will be available on the company’s investor relations website.

What is Constellation Brands' primary focus as a company?

Constellation Brands focuses on producing and marketing beer, wine, and spirits, while operating sustainably and responsibly.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$STZ Insider Trading Activity

$STZ insiders have traded $STZ stock on the open market 24 times in the past 6 months. Of those trades, 0 have been purchases and 24 have been sales.

Here’s a breakdown of recent trading of $STZ stock by insiders over the last 6 months:

• BUSINESS HOLDINGS LP SER sold 660 shares.
• ROBERT SANDS has traded it 5 times. They made 0 purchases and 5 sales, selling 179,571 shares.
• RICHARD SANDS has traded it 2 times. They made 0 purchases and 2 sales, selling 60,297 shares.
• PARTNERS LLC WILDSTAR has traded it 2 times. They made 0 purchases and 2 sales, selling 60,297 shares.
• JAMES A. JR. SABIA (EVP & Pres. Beer) sold 36,086 shares.
• WILLIAM A NEWLANDS (President & CEO) has traded it 2 times. They made 0 purchases and 2 sales, selling 32,426 shares.
• KANEENAT KRISTANN CAREY (EVP & Chief HR Officer) has traded it 2 times. They made 0 purchases and 2 sales, selling 1,307 shares.
• BUSINESS HOLDINGS LP ZMSS sold 59,637 shares.
• ZACHARY M STERN sold 59,637 shares.
• SANDS MASTER TRUST ROBERT has traded it 3 times. They made 0 purchases and 3 sales, selling 119,274 shares.
• SAMUEL J GLAETZER (EVP & Pres. Wine and Spirits) sold 1,510 shares.
• GARTH HANKINSON (EVP & CFO) has traded it 2 times. They made 0 purchases and 2 sales, selling 33,680 shares.
• DANIEL J MCCARTHY sold 1,854 shares.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$STZ Hedge Fund Activity

We have seen 563 institutional investors add shares of $STZ stock to their portfolio, and 612 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 1,136,444 shares (+inf%) to their portfolio in Q3 2024
• CAPITAL INTERNATIONAL INVESTORS removed 794,212 shares (-7.2%) from their portfolio in Q3 2024
• BLACKROCK, INC. added 712,431 shares (+6.8%) to their portfolio in Q3 2024
• BAIN CAPITAL PUBLIC EQUITY MANAGEMENT II, LLC removed 505,255 shares (-100.0%) from their portfolio in Q3 2024
• INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC added 497,543 shares (+23184.7%) to their portfolio in Q3 2024
• MORGAN STANLEY added 456,304 shares (+5.7%) to their portfolio in Q3 2024
• CAPITAL WORLD INVESTORS removed 454,855 shares (-4.6%) from their portfolio in Q3 2024

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release

ROCHESTER, N.Y., Jan. 02, 2025 (GLOBE NEWSWIRE) --

Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today a revised date to report its financial results for its third quarter ended November 30, 2024, of Friday, January 10, 2025, before the open of the U.S. markets. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Executive Vice President and Chief Financial Officer, Garth Hankinson, at 10:30 a.m. ET, January 10, 2025. The company has rescheduled its conference call from the previously announced date of Thursday, January 9, 2025 in observance of the declared national day of mourning for former President Jimmy Carter.

The conference call can be accessed by dialing +1-877-407-9121 and entering conference identification number 13750414, beginning at 10:20 a.m. ET. A live, listen-only webcast of the conference call will be available on the company’s investor relations website at

ir.cbrands.com

under the


News & Events


section. When the call begins, financial information discussed on the conference call, and reconciliations of reported GAAP financial measures with comparable and other non-GAAP financial measures, will also be available on the company’s investor relations website under the


Financial History


section. For anyone unable to participate in the conference call, a replay will be available on the company’s investor relations website.

ABOUT CONSTELLATION BRANDS

Constellation Brands (NYSE: STZ) is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It’s worth our dedication, hard work, and calculated risks to anticipate market trends and deliver more for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what’s next.

Every day, people reach for our high-end, iconic imported beer brands such as those in the Corona brand family like the flagship Corona Extra, Modelo Especial and the flavorful lineup of Modelo Cheladas, Pacifico, and Victoria; our fine wine and craft spirits brands including The Prisoner Wine Company, Robert Mondavi Winery, Casa Noble Tequila, and High West Whiskey; and our premium wine brands such as Kim Crawford and Meiomi.

As an agriculture-based company, we have a long history of operating sustainably and responsibly. Our ESG strategy is embedded into our business and our work focuses on serving as good stewards of the environment, enhancing social equity within our industry and communities, and promoting responsible beverage alcohol consumption. These commitments ground our aspirations beyond driving the bottom line as we work to create a future that is truly Worth Reaching For.

To learn more, visit

www.cbrands.com

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A downloadable PDF copy of this news release can be found here.

http://ml.globenewswire.com/Resource/Download/b9eb4348-26e9-4b96-86ea-e1090f7bac42

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.