U.S. COMPANY FILING
CONSTELLATION BRANDS, INC. — Form 10-Q filed 2026-01-08
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Constellation Brands reported Q3 FY2026 results with net sales down 10% due to wine and spirits divestitures. Beer segment saw sales decline but improved efficiency. The 2025 Restructuring Initiative is expected to yield over $200 million in annualized savings. The company completed the 2025 Wine Divestitures with net cash proceeds of $845.9 million used for debt repayment. The OB3 Act will negatively impact the effective tax rate for FY2026.
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