Constellation Brands (STZ) Q4 2025 10-Q Quarterly Report

Filed: Jan 8, 2026Period ending Nov 30, 2025
Consumer Staples
BeveragesSEC EDGAR

Constellation Brands (STZ) 10-Q quarterly report for Q4 2025, filed with SEC EDGAR on Jan 8, 2026 for the fiscal period ending Nov 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

Constellation Brands Q4 2025 10-Q Analysis

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.

Constellation Brands Q4 2025 Quarterly Financials
XBRL

Revenue

$2.2B

-9.8% YoY -10.4% QoQ

Net Income

$503M

-18.4% YoY +7.9% QoQ

Gross Margin

53.2%

+110bp YoY +43bp QoQ

Operating Margin

31.1%

-105bp YoY -410bp QoQ

Net Margin

22.6%

-238bp YoY +384bp QoQ

ROE

6.5%

-136bp YoY

Total Assets

$21.7B

-4.9% YoY

Operating Cash Flow

$617M

-10.0% YoY -27.6% QoQ

Source: XBRL data from Constellation Brands Q4 2025 10-Q filing on SEC EDGAR. All figures in USD.

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