Constellation Brands (STZ)

Consumer Staples

Business overview

Constellation Brands produces and sells beer, wine and spirits, including Modelo, Corona and Kim Crawford. Wholesalers and retailers distribute its brands to consumers.

Revenue mix · For the fiscal year ended 28 February 2026

Beer: 91.0%
Wine and Spirits: 9.0%

Suppliers, customers & competitors

Key suppliers

Constellation’s equally owned joint venture with Owens-Illinois operates the glass plant beside its Nava brewery, supplying approximately 60% of annual glass-bottle needs for its beer brands in fiscal 2026.
Independent growers supply much of Constellation’s annual grape requirements under purchase agreements. Company-owned and leased vineyards provide additional grapes.
Suppliers provide brewing grains, yeast and other ingredients, plus glass, aluminum and cardboard packaging. Packaging is the largest production-cost component for the beer brands.

Customers and buyers

U.S. wholesale distributors take beer and wine-and-spirits brands to market through largely separate networks. In control states, government alcohol agencies distribute products and set retail prices.
Consumers purchase beer, wine and spirits through retailers and hospitality venues; some also buy directly from brand websites, tasting rooms and taprooms.

Competitors by business area

Business area	Main competitors
Beer	Molson Coors competes in beer for consumer spending, retail shelf space, restaurant placements and wholesaler attention. Anheuser-Busch InBev competes in beer, where brand recognition, price and distribution strength affect sales.
Wine	GALLO competes in wine, overlapping Constellation’s wine brands sold through retail and hospitality channels.
Spirits	Brown-Forman competes in spirits, overlapping Constellation’s distilled-beverage portfolio.

Reviewed 16 October 2026. Sources: CONSTELLATION BRANDS, INC. 10-K, year ended 2026-02-28 (2026-04-22)

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