Constellation Brands Inc. (STZ), a beverage alcohol company, reported a loss for the for the fourth-quarter of fiscal year 2025 compared to profit in the prior year. The company announced the divestiture of its remaining mainstream wine brands and restructuring initiatives aimed at generating over $200 million in net annualized cost savings by fiscal 2028. The company has also issued its fiscal 2026 outlook and updated projections for fiscal 2027 and fiscal 2028, including a new three-year, $4 billion share repurchase authorization.
Constellation Brands reported that its net loss attributable to the company for the fourth-quarter of fiscal year 2025 was $375.3 million or $2.09 per share compared to net income of $392.4 million or $2.14 per share in the prior year.
For comments and feedback contact: editorial@rttnews.com
Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.