Short answer
Constellation Brands (STZ) filed its Q4 2025 10-Q quarterly report on Jan 8, 2026 for the quarter ended Nov 30, 2025. Quarterly revenue was $2.2B (down 9.8% year over year) with net income of $503M.
Q4 2025 key financials · XBRL
- Revenue
- $2.2B
- −9.8% YoY · −10.4% QoQ
- Net income
- $503M
- −18.4% YoY · +7.9% QoQ
- Operating margin
- 31.1%
- Gross margin
- 53.2%
Source: XBRL data from the Constellation Brands (STZ) Q4 2025 10-Q on SEC EDGAR. USD.
Constellation Brands Q4 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $2.22B, down 10% YoY from $2.46B, driven by Wine and Spirits Divestitures and shipment volume declines
- Operating margin 31.1% (Q3 2026: $692M op. income / $2.22B sales) vs 32.2% (Q3 2025: $793M / $2.46B), a 1.1pp decrease mainly from Wine & Spirits segment
- Best performing segment Beer: $763.5M operating income (-1% YoY), worst Wine and Spirits: $33.7M operating income (-65% YoY)
- Cash provided by operations $2.11B, down $451M YoY; investing cash flow improved by $1.33B driven by divestiture proceeds; debt decreased $834M to $10.66B
- Management notes ongoing headwinds: lower consumer demand, tariff impacts (approx. $70M Beer, $13M Wine and Spirits FY26), restructuring costs $56M YTD, and uncertainty from global economic conditions; reaffirm dividend and $4B stock repurchase authorization through FY28
Risk Factors
- Section 'risk_factors' was empty or not found.
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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