Constellation Brands (STZ) risk factors, FY2025 10-K

Constellation Brands's FY2025 10-K, filed Apr 23, 2025, lists 17 risk factors in 3 groups. There is no earlier 10-K to compare against, so the most company-specific risks are listed below.

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Risk factors listed
173 groups
Section length
11k wordsItem 1A

Constellation Brands's biggest risks in the FY2025 10-K

  • Constellation Brands relies heavily on Mexican beer sales and production facilities in Mexico, making it vulnerable to supply disruptions, tariffs, and labor issues.

The risks most specific to Constellation Brands

  • Strategic Risks

    Potential declines in the consumption of products we sell; dependence on sales of our Mexican beer brands

    Our business is heavily dependent on sales of our Mexican beer brands in the U.S. and shifts in consumer preferences.

  • Strategic Risks

    Dependence upon trademarks and proprietary rights; failure to protect our intellectual property rights

    Our future success depends significantly on our ability to protect our current and future brands and defend our intellectual property.

  • Operational Risks

    Economic and other uncertainties associated with our international operations, including tariffs

    We face international uncertainties, production facilities in multiple countries, and varying duties, excise taxes, and tariffs.

  • Operational Risks

    Dependence on limited facilities for production of our Mexican beer brands; facility expansion, optimization, and construction activities

    We depend on our current Mexican breweries for Mexican beer production and ongoing expansion and construction activities.

  • Operational Risks

    Operational disruptions or catastrophic loss to breweries, wineries, other production facilities, or distribution systems

    All Mexican beer products are produced at our Mexican breweries where workers are covered by collective bargaining agreements, and our Glass Plant supplies most glass bottles.

  • Operational Risks

    Reliance on wholesale distributors, major retailers, and government agencies

    We rely on separate wholesale distribution networks for our beer portfolio versus our wine and spirits portfolio in the U.S.

  • Operational Risks

    Contamination and degradation of product quality from diseases, pests, and weather and other conditions

    Product quality can be harmed by diseases, pests, weather, and climate conditions such as smoke taint.

  • Financial and Economic Risks

    Intangible assets, such as goodwill and trademarks

    We carry significant intangible assets like goodwill and trademarks and have recognized recent Wine and Spirits impairments.

  • Financial and Economic Risks

    Sands Family Stockholder Class A Stock ownership and Board of Directors nomination rights

    Sands Family Stockholders hold significant Class A Stock ownership and board nomination rights until November 2027.

All 17 risk factors

Headings as the filing states them, in filing order.

Strategic Risks

  1. 01Potential declines in the consumption of products we sell; dependence on sales of our Mexican beer brands
  2. 02Acquisition, divestiture, investment, and NPD strategies and activities
  3. 03PART I ITEM 1A. RISK FACTORS
  4. 04Dependence upon trademarks and proprietary rights; failure to protect our intellectual property rights

Operational Risks

  1. 05Economic and other uncertainties associated with our international operations, including tariffs
  2. 06Reliance upon complex information systems and third-party global networks; cybersecurity; AI
  3. 07Dependence on limited facilities for production of our Mexican beer brands; facility expansion, optimization, and construction activities
  4. 08Operational disruptions or catastrophic loss to breweries, wineries, other production facilities, or distribution systems
  5. 09Cost savings, restructuring, and efficiency initiatives
  6. 10Reliance on wholesale distributors, major retailers, and government agencies
  7. 11Contamination and degradation of product quality from diseases, pests, and weather and other conditions
  8. 12Labor activities could increase our costs

Financial and Economic Risks

  1. 13Indebtedness and interest rate fluctuations
  2. 14Intangible assets, such as goodwill and trademarks
  3. 15Cash dividends and share repurchases are subject to a number of uncertainties and may affect the price of our common stock
  4. 16Sands Family Stockholder Class A Stock ownership and Board of Directors nomination rights
  5. 17Choice-of-forum provision in our Amended and Restated By-laws regarding certain stockholder litigation

Other Constellation Brands 10-Ks

  • FY2026 10-K risk factors
    19 risks4 new2 dropped8 reworded

    Nicholas Fink’s CEO transition adds execution and disruption risk around leadership, strategy, workforce, and key employees.

    Filed Apr 22, 2026

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.