A Brief History of Constellation Brands, Inc. (STZ)

Constellation Brands, Inc., originally named Canandaigua Industries, was founded in 1945 by Marvin Sands. The company started with its focus on wine production, distributing bulk wine to bottlers in the eastern United States.

In the 1970s, the company began to grow exponentially. It went public in 1973 and started acquiring multiple wineries, which expanded its presence in the wine industry.

By the 1980s, Constellation Brands had become one of the largest wine producers in the United States. In the 1990s, the company continued its expansion by acquiring high-profile brands and diversifying into spirits and imported beers.

• 1993: Acquired Barton Inc., which marked their entry into the beer market.
• 2000: Acquired Ravenswood Winery, further solidifying their position in premium wines.
• 2004: Purchased Robert Mondavi Corp, one of the most renowned names in the wine industry, for $1.03 billion.

In 2007, Constellation Brands sold its value spirits business to focus more on the premium sector. This sale was part of their strategy to concentrate on building a strong portfolio of high-quality products.

One of the most significant moves came in 2013 when Constellation Brands acquired Grupo Modelo's U.S. beer business from Anheuser-Busch InBev. This acquisition included the popular Corona brand and substantially boosted Constellation's market share in the U.S. beer industry.

In recent years, Constellation Brands has shown a keen interest in the cannabis industry, investing heavily in Canopy Growth, a major Canadian marijuana company, starting from 2017 onwards.

Today, Constellation Brands is a global leader in the beverage alcohol industry, boasting a diverse portfolio that includes beer, wine, and spirits. The company continues to make strategic acquisitions and investments to strengthen its market position and drive growth.

Who Owns Constellation Brands, Inc. (STZ)

Constellation Brands, Inc. (STZ) is a publicly traded company based in the United States that specializes in the production, marketing, and distribution of alcoholic beverages. As a public company, it is owned by its shareholders, with shares traded on the New York Stock Exchange under the ticker symbol STZ.

Here are the key types of shareholders who own Constellation Brands:

• Institutional Investors: These are large entities such as mutual funds, pension funds, and insurance companies that own significant portions of the company's stock. Examples include The Vanguard Group and BlackRock, Inc.
• Individual Investors: These are private investors who buy shares through brokerage accounts.
• Insiders: This group includes company executives and board members who own shares. For example, Robert Sands and Richard Sands, key figures within the company, have substantial shareholdings.

As of the latest filings, institutional investors hold the majority of Constellation Brands' shares, making them influential in major company decisions.

Constellation Brands, Inc. (STZ) Mission Statement

Constellation Brands, Inc. (STZ) is dedicated to building brands that people love. Their mission is focused on offering the finest high-quality products and experiences to their customers and consumers around the world. The company strives to enrich life by delivering moments that matter.

The essence of their mission statement can be encapsulated in several core components:

• Quality and Innovation: Constellation Brands is committed to producing high-quality beverages and consistently seeks innovative ways to improve and expand their product offerings.
• Customer Focus: The company places a strong emphasis on understanding and meeting the needs of its customers, ensuring satisfaction and creating memorable experiences.
• Corporate Responsibility: Constellation Brands values sustainability and social responsibility, aiming to make a positive impact on communities and the environment.
• Employee Engagement: Recognizing that their employees are their greatest asset, Constellation Brands fosters a culture of engagement, diversity, and growth opportunities.

How Constellation Brands, Inc. (STZ) Works

Constellation Brands, Inc. (STZ) is a leading international producer and marketer of beer, wine, and spirits. Established in 1945, the company has grown exponentially through strategic acquisitions and a diverse portfolio of high-quality beverages. Constellation Brands operates through several distinct business segments, each contributing to its overall success.

Product Portfolio

• Beer: Constellation Brands is known for its strong presence in the beer market, particularly in the United States. The company's beer portfolio includes well-known brands such as Corona, Modelo, and Pacifico. These brands are among the top-selling imported beers in the U.S.
• Wine: The company boasts a robust selection of wines from premium and super-premium categories. Notable brands include Robert Mondavi, Kim Crawford, and Meiomi. Constellation’s wine segment aims to cater to a variety of consumer preferences and price points.
• Spirits: Constellation's spirits division offers a range of products including Svedka Vodka, High West Whiskey, and Casa Noble Tequila. This diverse lineup allows the company to capture a significant share of the market across different spirit categories.

Supply Chain and Distribution

Constellation Brands employs a highly efficient supply chain management system that ensures the timely procurement of raw materials and the smooth distribution of finished products. The company's extensive distribution network spans across multiple continents, enabling it to reach a wide range of customers globally. Strategic partnerships with distributors and retailers are crucial to the company's ability to maintain its market presence and meet consumer demand.

Innovation and Sustainability

Innovation is at the core of Constellation Brands' operations. The company continuously invests in research and development to introduce new products and improve existing ones. Emphasis on consumer trends and preferences drives the company's innovation strategy, ensuring that its product offerings remain relevant and appealing.

Additionally, Constellation Brands is committed to sustainability and responsible business practices. The company has set ambitious goals to reduce its carbon footprint, conserve water, and promote sustainable agricultural practices. Initiatives such as lightweight packaging and renewable energy usage are integral to its sustainability efforts.

Financial Performance

Constellation Brands' financial success is reflected in its consistent revenue growth and profitability. The company follows a disciplined approach to financial management, including strategic investments and cost-control measures. Through a combination of organic growth and acquisitions, Constellation Brands continues to strengthen its market position and deliver value to its shareholders.

How Constellation Brands, Inc. (STZ) Makes Money

Constellation Brands, Inc. (STZ) is a leading producer and marketer of alcoholic beverages, known for its wide range of products that include beer, wine, and spirits. The company generates revenue through multiple streams, leveraging its strong portfolio of brands and extensive distribution network. Below are the primary ways Constellation Brands, Inc. makes money:

• Beer Sales: One of the company's most significant revenue sources is its beer segment. Constellation Brands is known for popular beer brands such as Corona, Modelo, and Pacifico. These brands enjoy substantial market share in the United States, particularly in the import and premium beer categories.
• Wine Sales: Constellation Brands is one of the largest wine producers globally. The company offers a diverse portfolio of wine brands that cater to different price points and consumer tastes. Notable wine brands include Robert Mondavi, Kim Crawford, and Meiomi.
• Spirits Sales: The spirits segment contributes to the company's revenue through brands like Svedka Vodka, Casa Noble Tequila, and High West Whiskey. These products appeal to various consumer preferences and are distributed across numerous markets.
• Premiumization Strategy: Constellation Brands has a premiumization strategy that focuses on higher-margin products. By investing in premium and super-premium brands, the company can command higher prices, thus increasing its profitability.
• Innovative Marketing and Brand Development: Effective marketing campaigns and strategic brand development initiatives play a critical role in driving sales for Constellation Brands. The company invests significantly in marketing to strengthen brand recognition and loyalty.
• Strategic Acquisitions and Partnerships: Constellation Brands frequently engages in strategic acquisitions and partnerships to expand its portfolio and market reach. Acquiring established brands and entering into joint ventures allow the company to diversify its revenue streams and capitalize on emerging consumer trends.
• Distribution Network: The company's vast distribution network ensures that its products are widely available across various retail channels, including grocery stores, liquor stores, and on-premise locations like bars and restaurants. This extensive distribution capability enhances sales volume and market penetration.
• Export and International Markets: Constellation Brands also generates revenue from international markets by exporting its products. The company taps into global demand for premium alcoholic beverages, thereby diversifying its revenue base beyond the U.S. market.