3Q24 Investor Update

CONSTELLATION BRANDS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except per share data) (unaudited) Sales Excise taxes Net sales Cost of product sold Gross profit Selling, general, and administrative expenses Operating income (loss) Income (loss) from unconsolidated investments Interest expense Loss on extinguishment of debt Income (loss) before income taxes (Provision for) benefit from income taxes Net income (loss) Net (income) loss attributable to noncontrolling interests Net income (loss) attributable to CBI Net income (loss) per common share attributable to CBI: Basic Class A Common Stock Basic - Class B Convertible Common Stock Diluted - Class A Common Stock Diluted - Class B Convertible Common Stock Weighted average common shares outstanding: Basic - Class A Common Stock Basic - Class B Convertible Common Stock Diluted - Class A Common Stock Diluted - Class B Convertible Common Stock Cash dividends declared per common share: Class A Common Stock Class B Convertible Common Stock Three Months Ended November 30, November 30, 2023 2022 $ 2,658.2 $ (187.3) 2,470.9 (1,200.3) 1,270.6 (473.7) 796.9 (41.8) (104.2) 650.9 (130.0) 520.9 (11.8) 509.1 S 2.77 $ NA S 2.76 $ NA S 183.525 ΝΑ 184.170 ΝΑ 0.89 $ NA S 2,624.6 $ (188.1) 2,436.5 (1,209.6) 1,226.9 (480.2) 746.7 (37.2) (98.7) 610.8 (131.1) 479.7 (12.0) 467.7 $ Nine Months Ended November 30, November 30, 2023 2022 2.58 $ 1.78 2.52 1.78 166.677 23.206 185.291 23.206 s 0.80 $ 0.72 8,410.7 $ (588.1) 7,822.6 (3,844.3) 3,978.3 (1,438.0) 2,540.3 (477.4) (333.0) (0.7) 1,729.2 (368.4) 1,360.8 (25.8) 1,335.0 $ 7.28 $ NA S 7.25 $ NA $ 183.431 ΝΑ 184.096 ΝΑ 2.67 $ NA S 8,029.6 (574.8) 7,454.8 (3,647.0) 3,807.8 (1,431.6) 2,376.2 (1,944.2) (281.5) (23.3) 127.2 (388.9) (261.7) (32.3) (294.0) (1.48) (2.01) (1.48) (2.01) 164.573 23.206 164.573 23.206 2.40 2.16

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