AI English summary of an SEC filing — figures as filed
Constellation Brands STZConstellation Brands said net income attributable to CBI for the third quarter of 2026 was $502.8 million, a decrease of $113.1 million, or 18%, from $615.9 million in the third quarter of 2025. The company said net sales for the same quarter decreased 10%.
Key points
AI summaryConstellation Brands said net income attributable to CBI for the third quarter of 2026 was $502.8 million, a decrease of $113.1 million, or 18%, from $615.9 million in the third quarter of 2025. The company said net sales for the same quarter decreased 10%.
Constellation Brands cited a $46.2 million decline in shipment volume as a factor in the decrease in Beer net sales for the third quarter of 2026, and said the impact from pricing in select markets of $30.3 million partially offset this decline.
The company cited a $24.5 million decline in shipment volume and a $13.3 million increase in cost of product sold as factors in the decrease in Beer gross profit for the third quarter of 2026, and identified $13.6 million in tariffs on aluminum as a cost increase item.
Constellation Brands said the decrease in Wine and Spirits net sales for the third quarter of 2026 consisted of $202.6 million related to the Wine and Spirits Divestitures that are no longer part of the business and a $15.7 million decrease in organic net sales.
Key figures
Quarter ended November 30, 2025
- Revenue
- $2.2B
- Operating income
- $692M
- Net income
- $503M
- Gross profit
- $1.2B
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Quarterly net income and net sales decline
Constellation Brands said net income attributable to CBI for the third quarter of 2026 was $502.8 million, a decrease of $113.1 million, or 18%, from $615.9 million in the third quarter of 2025. The company said net sales for the same quarter decreased 10%.
Source · Based on the MD&A text of the filing
Beer quarterly net sales decline factors
Constellation Brands cited a $46.2 million decline in shipment volume as a factor in the decrease in Beer net sales for the third quarter of 2026, and said the impact from pricing in select markets of $30.3 million partially offset this decline.
Source · Based on the MD&A text of the filing
Beer quarterly gross profit change factors
The company cited a $24.5 million decline in shipment volume and a $13.3 million increase in cost of product sold as factors in the decrease in Beer gross profit for the third quarter of 2026, and identified $13.6 million in tariffs on aluminum as a cost increase item.
Source · Based on the MD&A text of the filing
Wine and Spirits quarterly net sales decline composition
Constellation Brands said the decrease in Wine and Spirits net sales for the third quarter of 2026 consisted of $202.6 million related to the Wine and Spirits Divestitures that are no longer part of the business and a $15.7 million decrease in organic net sales.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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