Constellation Brands Q2 FY 2026 Form 10-Q

The provided text consists of excerpts from Constellation Brands, Inc.'s Quarterly Report on Form 10-Q for the period ended August 31, 2025. This regulatory filing offers a comprehensive overview of the company's financial condition and results of operations, structured into sections like the consolidated financial statements, notes, and management's discussion and analysis (MD&A). Key financial data presented includes net income (loss) and comprehensive income (loss), detailed balance sheet items like goodwill and debt, and segment reporting for the Beer and Wine and Spirits divisions. The document also addresses significant corporate activities such as the 2025 Restructuring Initiative, various acquisitions and divestitures (e.g., Wine and Spirits Divestitures, Sea Smoke acquisition), and ongoing risks related to the evolving consumer demand environment and forward-looking statements. Finally, it includes disclosures on debt and liquidity, share repurchases, market risk management through derivative instruments, and legal proceedings.

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