Constellation Brands CFO says closer to net leverage ratio goal

“The solid top-line performance of our Beer Business has reaffirmed our confidence in our annual plans and objectives, and we expect our Wine and Spirits Business to accelerate toward its Fiscal 24 outlook throughout the balance of the year. We are now closer to our net leverage ratio goal while continuing to return cash to shareholders in-line with our dividend payout ratio target and advancing our modular brewery capacity expansions per capital allocation priorities,” said CFO Garth Hankinson