U.S. COMPANY FILING
CONSTELLATION BRANDS, INC. — Form 10-Q filed 2025-10-07
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Constellation Brands reported Q2 FY2026 net sales of $2,481.0M, down from $2,918.9M, impacted by wine and spirits divestitures. Beer segment remained strong, while Wine and Spirits posted a loss. The company completed the 2025 Wine Divestitures for $846.5M, using proceeds for debt repayment. A restructuring initiative is expected to yield over $200M in annualized savings. The OB3 Act is expected to negatively impact the effective tax rate.
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