Constellation CFO expects to deliver operating cash flow above initial targets

CFO Garth Hankinson said, “Our strong year-to-date cash flow generation in fiscal 2025 has enabled us to: reach and maintain a net leverage ratio below our stated target, return over $1.2B to shareholders in dividends and share repurchases through November 2024, and continue to advance brewery investments in a disciplined and agile manner. As we look to the remainder of the 2025 fiscal year, we now expect to deliver annual operating cash flow and free cash flow above our initial targets, and to continue to deploy that cash with a balanced and thoughtful approach to capital allocation.”