Corona (beer)

Constellation Brands to Present at the 2022 RBC Capital Markets Global Consumer and Retail Conference on June 2, 2022

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Thursday, May 26, 2022

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VICTOR, N.Y., May 26, 2022 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that Garth Hankinson, chief financial officer, will present at the 2022 RBC Capital Markets Global Consumer and Retail Conference on Thursday, June 2, 2022 in Boston, MA.

Key Points:

VICTOR, N.Y., May 26, 2022 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that Garth Hankinson, chief financial officer, will present at the 2022 RBC Capital Markets Global Consumer and Retail Conference on Thursday, June 2, 2022 in Boston, MA.
ET and is expected to cover the companys strategic business initiatives, financial metrics, and operating performance, as well as outlook for the future.
A live, listen-only webcast of the presentation will be available on the companys website at ir.cbrands.com under the News & Events section.
For anyone unable to participate in the webcast, a replay will be available on the companys website through the close of business on July 1, 2022.

Demand for Low Calorie, Organic, High-Quality, Performance Beverages Continue to Climb Along with Revenues

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Monday, May 16, 2022

PALM BEACH, Fla., May 16, 2022 /PRNewswire/ -- Beverage revenues are increasing around the world. In particular, Non-alcohol drinks, also known as 'virgin drinks', 'mocktails', 'performance' and 'near beer', refer to the beverages that comprise less than 0.5% of alcohol content by volume and encompasses a wide range of refreshment beverages, including energy drinks, juices, soft drinks, coffee & tea, bottled water, and probiotics. The beverage industry has faced spectacular transformation in consumer preferences in the past decade. According to a report from Allied Market Research projected that the global Non-alcoholic drinks market, which was valued at $820.0 billion in 2020, is estimated to reach $2,134.6 billion by 2031, registering a CAGR of 6.8% from 2022 to 2031. The report said: "Non-alcoholic drinks are mainly composed of soft drinks, bottled water, tea & coffee, juice, and others (energy drinks, value added water, sport drinks, and others). Soft drinks account for nearly 45.87% and 51.40%, by revenue and volume, respectively, followed by bottled water, and dairy drinks… Even though, it is currently the largest revenue generating segment, tea & coffee has indicated rapid growth in terms of revenue and volume, respectively. Moreover, the growing café culture and rise in awareness of the health benefits of tea & coffee have had a significant impact on the non-alcoholic drinks market." Active companies in the markets this week include Splash Beverage Group, Inc. (NYSE: SBEV), AB InBev (NYSE: BUD), The Coca-Cola Company (NYSE: KO), Celsius Holdings, Inc., (NASDAQ: CELH), Constellation Brands, Inc. (NYSE: STZ).

Key Points:

Allied Market Research continued: "Consumers' demand toward maintaining health & wellness and functional beverages has impacted the market.
In addition, new compelling products with unique flavors and innovative packing by companies are expected to fuel the market growth.
The huge market potential for diet and zero sugar drinks is projected to be observed for non-alcoholic drinks market during the forecast period.
You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

Demand for Low Calorie, Organic, High-Quality, Performance Beverages Continue to Climb Along with Revenues

Retrieved on:

Monday, May 16, 2022

PALM BEACH, Fla., May 16, 2022 /PRNewswire/ -- Beverage revenues are increasing around the world. In particular, Non-alcohol drinks, also known as 'virgin drinks', 'mocktails', 'performance' and 'near beer', refer to the beverages that comprise less than 0.5% of alcohol content by volume and encompasses a wide range of refreshment beverages, including energy drinks, juices, soft drinks, coffee & tea, bottled water, and probiotics. The beverage industry has faced spectacular transformation in consumer preferences in the past decade. According to a report from Allied Market Research projected that the global Non-alcoholic drinks market, which was valued at $820.0 billion in 2020, is estimated to reach $2,134.6 billion by 2031, registering a CAGR of 6.8% from 2022 to 2031. The report said: "Non-alcoholic drinks are mainly composed of soft drinks, bottled water, tea & coffee, juice, and others (energy drinks, value added water, sport drinks, and others). Soft drinks account for nearly 45.87% and 51.40%, by revenue and volume, respectively, followed by bottled water, and dairy drinks… Even though, it is currently the largest revenue generating segment, tea & coffee has indicated rapid growth in terms of revenue and volume, respectively. Moreover, the growing café culture and rise in awareness of the health benefits of tea & coffee have had a significant impact on the non-alcoholic drinks market." Active companies in the markets this week include Splash Beverage Group, Inc. (NYSE: SBEV), AB InBev (NYSE: BUD), The Coca-Cola Company (NYSE: KO), Celsius Holdings, Inc., (NASDAQ: CELH), Constellation Brands, Inc. (NYSE: STZ).

Key Points:

Allied Market Research continued: "Consumers' demand toward maintaining health & wellness and functional beverages has impacted the market.
In addition, new compelling products with unique flavors and innovative packing by companies are expected to fuel the market growth.
The huge market potential for diet and zero sugar drinks is projected to be observed for non-alcoholic drinks market during the forecast period.
You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

Constellation Brands Announces Expiration of Tender Offers for Outstanding Series of Its 3.20% and 4.25% Senior Notes Due 2023 and Delivery of Notices of Redemption for Remaining 3.20% and 4.25% Senior Notes Due 2023

Retrieved on:

Monday, May 9, 2022

The Offer to Purchase and the Notice of Guaranteed Delivery are referred to together as the Offer Documents.

Key Points:

The Offer to Purchase and the Notice of Guaranteed Delivery are referred to together as the Offer Documents.
In addition, $35,000 aggregate principal amount of 3.20% notes and $252,000 aggregate principal amount of 4.25% notes remain subject to guaranteed delivery procedures.
Furthermore, this press release shall not constitute a notice of redemption of the 2023 Notes.
Constellation Brands is an international producer and marketer of beer, wine and spirits with operations in the U.S., Mexico, New Zealand, and Italy.

Constellation Brands Announces Pricing of Tender Offers for Outstanding Series of Its 3.20% and 4.25% Senior Notes Due 2023

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Friday, May 6, 2022

Constellation, Settlement date, Private Securities Litigation Reform Act, Wine, Company, Bank of America, Beer, Notice, Risk, Prospectus, Compliance, BofA Securities, Corona (beer), SEC, Constellation Brands, Grupo Modelo, Security (finance), Note, Offers

Holders of the Notes are urged to read the Offer Documents carefully before making any decision with respect to the Offers.

Key Points:

Holders of the Notes are urged to read the Offer Documents carefully before making any decision with respect to the Offers.
King) as the tender agent and information agent for the Offers and BofA Securities as dealer manager for the Offers.
Holders must make their own decision as to whether to tender any of their Notes and, if so, the principal amounts of Notes to tender.
Constellation Brands is an international producer and marketer of beer, wine and spirits with operations in the U.S., Mexico, New Zealand, and Italy.

Constellation Brands Prices Offering of Senior Notes

Retrieved on:

Monday, May 2, 2022

VICTOR, N.Y., May 02, 2022 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it priced the public offering (the offering) of $1.85billion aggregate principal amount of Senior Notes, consisting of (i)$550.0 million of 3.60% Senior Notes due 2024 (the 2024 notes) for a public offering price of 99.941% of the principal amount of the 2024 notes, (ii)$600.0 million of 4.35% Senior Notes due 2027 (the 2027 notes) for a public offering price of 99.942% of the principal amount of the 2027 notes, and (iii)$700.0 million of 4.75% Senior Notes due 2032 (the 2032 notes) for a public offering price of 99.638% of the principal amount of the 2032 notes (the 2024 notes, the 2027 notes, and the 2032 notes, collectively, the notes).

Key Points:

VICTOR, N.Y., May 02, 2022 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it priced the public offering (the offering) of $1.85billion aggregate principal amount of Senior Notes, consisting of (i)$550.0 million of 3.60% Senior Notes due 2024 (the 2024 notes) for a public offering price of 99.941% of the principal amount of the 2024 notes, (ii)$600.0 million of 4.35% Senior Notes due 2027 (the 2027 notes) for a public offering price of 99.942% of the principal amount of the 2027 notes, and (iii)$700.0 million of 4.75% Senior Notes due 2032 (the 2032 notes) for a public offering price of 99.638% of the principal amount of the 2032 notes (the 2024 notes, the 2027 notes, and the 2032 notes, collectively, the notes).
The notes will be senior obligations that rank equally with all of Constellations other senior unsecured indebtedness.
Constellation intends to use the net proceeds from the offering to fund the concurrent series of cash tender offers for any and all of its outstanding (i)3.20% Senior Notes due 2023 (the 3.20% notes), of which $600.0 million aggregate principal amount is outstanding, and (ii)4.25% Senior Notes due 2023 (together with the 3.20% notes, the 2023 notes), of which $1,050.0 million aggregate principal amount is outstanding, and redeem prior to maturity any amounts of the 2023 notes remaining outstanding following the consummation of the tender offers.
Constellation Brands is an international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy.

Constellation Brands Announces Tender Offers for Outstanding Series of Its 3.20% and 4.25% Senior Notes Due 2023

Retrieved on:

Monday, May 2, 2022

Constellation, Settlement date, Private Securities Litigation Reform Act, Wine, Company, Time, Bank of America, Beer, Risk, Prospectus, Compliance, Note, BofA Securities, Corona (beer), SEC, Constellation Brands, Grupo Modelo, Security (finance), Offers

Holders of the Notes may withdraw their validly tendered Notes at any time at or before the Expiration Time by following the procedures described in the Offer to Purchase.

Key Points:

Holders of the Notes may withdraw their validly tendered Notes at any time at or before the Expiration Time by following the procedures described in the Offer to Purchase.
Holders of the Notes are urged to read the Offer Documents carefully before making any decision with respect to the Offers.
King) as the tender agent and information agent for the Offers and BofA Securities as the dealer manager for the Offers.
King, or the trustee for the Notes, or any of their respective affiliates, is making any recommendation as to whether holders of the Notes should tender their Notes pursuant to the Offers.

Corona Hard Seltzer Seltzerita and Chef Rick Martinez Are Serving a Flavor-Forward Cinco de Mayo

Retrieved on:

Thursday, April 28, 2022

This insight is what inspired us to collaborate with our friend Rick Martinez and help bring the Corona Hard Seltzer Seltzerita flavor nationwide.

Key Points:

This insight is what inspired us to collaborate with our friend Rick Martinez and help bring the Corona Hard Seltzer Seltzerita flavor nationwide.
Now at retailers nationwide, Corona Hard Seltzer Seltzerita is sold in 12-packs (12-ounce slim cans); Corona Hard Seltzer Seltzerita Classic Lime is also available in 24-ounce cans.
Seltzerita is the most recent addition to the Corona Hard Seltzer portfolio, which includes Corona Hard Seltzer Tropical Pack, Corona Hard Seltzer Berry Pack and Corona Hard Seltzer Limonada.
About the Corona Brand Family:
The Corona brand family is home to Corona Extra, Corona Light, Corona Familiar, Corona Premier, Corona Refresca, and Corona Hard Seltzer.

Constellation Brands Announces Accelerated Stock Buyback

Retrieved on:

Thursday, April 7, 2022

VICTOR, N.Y., April 07, 2022 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it has entered into an accelerated share repurchase (ASR) agreement with Bank of America, N.A.

Key Points:

VICTOR, N.Y., April 07, 2022 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it has entered into an accelerated share repurchase (ASR) agreement with Bank of America, N.A.
to repurchase $500.0 million of its ClassA common stock (Common Stock).
Under the ASR agreement, Constellation will receive approximately 1.7 million shares on April8, 2022, representing approximately 80% of the expected share repurchases under the ASR agreement, based on the companys April6, 2022 closing stock price of $231.81.
At Constellation Brands (NYSE: STZ and STZ.B), our mission is to build brands that people love because we believe sharing a toast, unwinding after a day, celebrating milestones, and helping people connect, are Worth Reaching For.

Constellation Brands Reports Fiscal Year and Fourth Quarter 2022 Financial Results and Fiscal Year 2023 Outlook

Retrieved on:

Thursday, April 7, 2022

Constellation, Constellation Brands, Corona (beer), Wine, NYSE, CPG, EDT, Love, Grupo Modelo, GLOBE, Beer, Liquor

VICTOR, N.Y., April 07, 2022 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, reported today its fiscal year and fourth quarter 2022 financial results and fiscal year 2023 outlook.

Key Points:

VICTOR, N.Y., April 07, 2022 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, reported today its fiscal year and fourth quarter 2022 financial results and fiscal year 2023 outlook.
A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer Bill Newlands and Chief Financial Officer Garth Hankinson on Thursday, April 7, 2022 at 10:30 a.m. (EDT).
Visit ir.cbrands.com to locate information for joining the conference call, or a live, listen-only webcast of the conference call.
At Constellation Brands (NYSE: STZ and STZ.B), our mission is to build brands that people love because we believe sharing a toast, unwinding after a day, celebrating milestones, and helping people connect, are Worth Reaching For.