Constellation Brands, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Common Share Attributable to CBI

Net Income (Loss) Per Common Share Attributable to CBI

9 Months Ended

Nov. 30, 2024

NET INCOME (LOSS) PER COMMON SHARE ATTRIBUTABLE TO CBI

Net income (loss) per common share – basic for Class A Stock has been computed based on the weighted average shares of common stock outstanding during the period. Net income (loss) per common share – diluted for Class A Stock reflects the weighted average shares of common stock plus the effect of dilutive securities outstanding during the period using the treasury stock method. The effect of dilutive securities includes the impact of outstanding stock-based awards. The dilutive computation does not assume conversion, exercise, or contingent issuance of securities that would have an anti-dilutive effect on the net income (loss) per common share attributable to CBI. The computation of basic and diluted net income (loss) per common share for Class A Stock are as follows:


	For the Nine Months Ended November 30,				For the Three Months Ended November 30,
	2024		2023		2024		2023
(in millions, except per share data)
Net income (loss) attributable to CBI	$	293.9	$	1,335.0	$	615.9	$	509.1

Weighted average common shares outstanding – basic	181.988		183.431		181.243		183.525
Stock-based awards, primarily stock options	0.567		0.665		0.510		0.645
Weighted average common shares outstanding – diluted	182.555		184.096		181.753		184.170

Net income (loss) per common share attributable to CBI – basic	$	1.61	$	7.28	$	3.40	$	2.77
Net income (loss) per common share attributable to CBI – diluted	$	1.61	$	7.25	$	3.39	$	2.76