Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Constellation Brands's retained earnings for the quarter that ended in Feb. 2024 was $0 Mil.
Constellation Brands's quarterly retained earnings
increased
from Aug. 2023 ($12,843 Mil) to Nov. 2023 ($13,188 Mil) but then
declined
from Nov. 2023 ($13,188 Mil) to Feb. 2024 ($0 Mil).
Constellation Brands's annual retained earnings
declined
from Feb. 2022 ($14,505 Mil) to Feb. 2023 ($12,344 Mil) and
declined
from Feb. 2023 ($12,344 Mil) to Feb. 2024 ($0 Mil).
Constellation Brands Retained Earnings Calculation
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Constellation Brands (NYSE:STZ) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Constellation Brands (Constellation Brands) Business Description
Traded in Other Exchanges
Address
207 High Point Drive, Building 100, Victor, New York, NY, USA, 14564
Constellation Brands is the largest provider of alcoholic beverages across the beer, wine, and spirits categories in the U.S., generating 80% of revenue from Mexican beer imports under top-selling brands such as Modelo and Corona. The rest of the business includes some remaining wine and spirits brands, categories where the company continue to prune assets in recent years. With its exclusive rights tied to the Mexican beer brands effective only in the U.S., the firm has small revenue exposure to international markets. Constellation owns a 36% stake in no-moat Canopy Growth, a medicinal and recreational cannabis producer in Canada, and has a 50/50 joint venture with glass manufacturer Owens-Illinois in Mexico.
Executives
| Family Foundation Sands |
other: Member of 10% owner group |
C/O WILDSTAR PARTNERS LLC, 110 E ATLANTIC AVE, STE. 200, DELRAY BEACH FL 33444 |
| Ernesto M Hernandez |
director |
C/O CONSTELLATION BRANDS, INC., 207 HIGH POINT DRIVE, BLDG. 100, VICTOR NY 14564 |
| James O. Bourdeau |
officer: EVP & Gen. Counsel |
C/O CONSTELLATION BRANDS, INC., 207 HIGH POINT DRIVE, BLDG. 100, VICTOR NY 14564 |
| Daniel J Mccarthy |
director |
FRONTIER COMMUNICATIONS, 401 MERRITT 7, NORWALK CT 06851 |
| Robert Lee Hanson |
officer: EVP & Pres. Wine and Spirits |
C/O CONSTELLATION BRANDS, INC., 207 HIGH POINT DRIVE, BUILDING 100, VICTOR NY 14564 |
| William A Newlands |
director, officer: President & CEO |
C/O CONSTELLATION BRANDS, INC., 207 HIGH POINT DR., BUILDING 100, VICTOR NY 14564 |
| Kaneenat Kristann Carey |
officer: EVP & Chief HR Officer |
207 HIGH POINT DRIVE, BUILDING 100, VICTOR NY 14564 |
| Garth Hankinson |
officer: EVP & CFO |
C/O CONSTELLATION BRANDS, INC., 207 HIGH POINT DRIVE, BLDG. 100, VICTOR NY 14564 |
| William T Giles |
director |
123 S. FRONT STREET, DEPT. 8074, MEMPHIS TN 38103 |
| Luca Zaramella |
director |
C/O MONDELEZ INTERNATIONAL, INC., THREE PARKWAY NORTH, DEERFIELD IL 60015 |
| Rht 2015 Business Holdings Lp |
other: Member of 10% owner group |
110 E ATLANTIC AVE, STE. 200, C/O WILDSTAR PARTNERS LLC, DELRAY BEACH FL 33444 |
| Rss Business Holdings Lp |
10 percent owner |
C/O WILDSTAR PARTNERS LLC, 110 E ATLANTIC AVE, STE. 200, DELRAY BEACH FL 33444 |
| Rct 2015 Business Holdings Lp |
other: Member of 10% owner group |
110 E ATLANTIC AVE, STE. 200, C/O WILDSTAR PARTNERS LLC, DELRAY BEACH FL 33444 |
| Wildstar Partners Llc |
10 percent owner |
110 E ATLANTIC AVE, STE. 200, DELRAY BEACH FL 33444 |
| Rss 2015 Business Holdings Lp |
other: Member of 10% owner group |
110 E ATLANTIC AVE, STE. 200, C/O WILDSTAR PARTNERS LLC, DELRAY BEACH FL 33444 |
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