Constellation Brands STZ Wine and Spirits — Asset impairment and related expenses

Other segment segments

Beer

$57.7M—

Similar metrics at other companies

MGPIBranded Spirits — Goodwill and other long-lived assets impairment

$179.53M—

MGPIBranded Spirits — Goodwill and indefinite-lived intangible asset impairment

$38.16M—

MGPIBranded Spirits — Goodwill, impairment charge

$115.67M+250%

MNSTAlcohol Brands — Goodwill And Intangible Asset Impairment

$9.6M-69.8%

MGPIBranded Spirits — Indefinite-lived intangible assets, impairment charge

$36.99M+622%

MGPIDistilling Solutions — Goodwill and other long-lived assets impairment

$0—

Other financials

Income statement

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Revenue$2.4B-3.3%

Gross profit$1.3B+4.3%

Operating income$845.3M+18.4%

Net income$653.8M+26.7%

Balance sheet

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Cash & equivalents$96.6M+30.7%

Total debt$9.4B-7.2%

Total equity$8.3B+13.6%

Total assets$22.1B-0.7%

Cash flow

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Operating cash flow$661.8M+3.9%

CapEx$177.2M-8.1%

Free cash flow$484.6M+9.0%

Valuation

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Market cap$23.85B-10.4%

Enterprise value$33.19B—

P/E13.1×—

P/S2.6×—

Profitability

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Gross margin52.6%+1.2pp

Operating margin31.5%—

Net margin20.3%+17.3pp

FCF margin20.3%-0.3pp

Returns & leverage

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Return on equity23.3%+19.8pp

Debt / equity1.2×-0.2×

Current ratio0.9×-0.2×

Where this comes from

Reported directly by Constellation Brands in its filing.

Tagged under the XBRL concept stz:AssetImpairmentAndRelatedExpenses.

The official record: Constellation Brands’s 10-Q, filed July 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Constellation Brands's wine and spirits — asset impairment and related expenses?: Constellation Brands (STZ) reported wine and spirits — asset impairment and related expenses of $18.3M in Q1 2026.
What does wine and spirits — asset impairment and related expenses mean?: Represents non-cash charges recognized when the carrying value of long-lived assets within the wine and spirits segment exceeds their fair value. This reflects a downward adjustment in the expected future economic benefits of physical or intangible assets due to market shifts or operational underperformance.