CONSTELLATION BRANDS, INC. Earnings Per Share Disclosure
| February 28, 2026 | February 28, 2025 | February 29, 2024 | |||||||||||||||
| (in millions, except per share data) | |||||||||||||||||
| Net income (loss) attributable to CBI | $ | 1,686.7 | $ | (81.4) | $ | 1,727.4 | |||||||||||
| Weighted average common shares outstanding – basic | 175.414 | 181.476 | 183.307 | ||||||||||||||
Stock-based awards, primarily stock options (1) | 0.154 | — | 0.652 | ||||||||||||||
| Weighted average common shares outstanding – diluted | 175.568 | 181.476 | 183.959 | ||||||||||||||
| Net income (loss) per common share attributable to CBI – basic | $ | 9.62 | $ | (0.45) | $ | 9.42 | |||||||||||
| Net income (loss) per common share attributable to CBI – diluted | $ | 9.61 | $ | (0.45) | $ | 9.39 | |||||||||||
| For the Years Ended | |||||||||||||||||
| February 28, 2026 | February 28, 2025 | February 29, 2024 | |||||||||||||||
(in millions, except exercise price) | |||||||||||||||||
Stock-based awards, primarily stock options | 1.639 | 2.584 | 0.723 | ||||||||||||||
| Weighted average exercise price, stock options | $ | 235.72 | $ | 251.32 | $ | 246.64 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Apr 22, 2026 | Showing above |
| 2025 | Apr 23, 2025 | |
| 2024 | Apr 23, 2024 | |
| 2018 | Apr 23, 2018 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.