Constellation Brands
Produces and markets beer, wine, spirits
Accounting Intern - Global Accounting
Minimum two days in the office per week.
About the job
- Currently enrolled in an Accounting Bachelor's or graduate degree program, preferably entering the senior year when applying from an undergraduate program.
- Minimum cumulative GPA of 3.0.
- Understanding of basic accounting and finance concepts, including United States Generally Accepted Accounting Principles.
- Proficiency in Microsoft Excel.
- Detail-oriented with analytical and problem-solving skills.
- Strong written and verbal communication skills.
- Able to occasionally lift up to 25 pounds.
- Able to sit and work at a desk or personal computer for extended periods.
- Draft journal entries in SAP and OneStream with an appropriate level of support.
- Analyze intercompany transactions and assist in preparing appropriate journal entries.
- Prepare monthly balance sheet account reconciliations.
- Analyze monthly financial reporting by comparing historical and current-month activity to provide flux explanations.
- Support the Global Accounting team with various ad hoc projects as needed.
- Attend meetings related to team initiatives, close status, and project updates.
- Collaborate with cross-functional teams, including TAaC, Fixed Assets, and FP&A.
- Participate in pre-planned intern events, including senior leader meetings, goal setting, performance check-ins, team building, office tours, and Action Learning Project participation and presentation.
- Preference for candidates entering their senior year when applying from an undergraduate degree program.
About the company
Constellation Brands produces and markets beer, wine, and spirits worldwide. It owns a portfolio of brands and sells them through a broad distribution network, including exclusive U.S. rights to Corona and Modelo. The company imports, markets, and sells its brands in markets such as the U.S., Mexico, New Zealand, and Italy, across beer, wine, and spirits, with a focus on sustainability and responsible operations. Its goal is to build enduring brands that connect with people, anticipate trends, and deliver value to consumers, shareholders, and employees.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Rochester, New York
Founded
1945
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Simplify's Take
What believers are saying
- July 14, 2026 FY2026 results showed $1.8 billion free cash flow.
- April 2026 removed malt beer from Section 232 aluminum tariffs, easing costs.
- September 2026 management reaffirmed outlook while supply-chain savings exceeded $600 million.
What critics are saying
- June 30, 2026 beer depletions fell 0.3%, and Modelo and Corona lost momentum.
- Wine litigation from Meza, Silva, Mason, and Wasserman continues in federal courts.
- If Hispanic consumption weakens into 2027, the beer engine driving 91% of sales stalls.
What makes Constellation Brands unique
- Modelo Especial and Corona dominate U.S. imported beer through exclusive Mexican sourcing.
- FY2026 beer supplied 91% of sales, funding cash generation and shareholder returns.
- Veracruz, Nava, and Obregón capacity buildout ended, giving scale and distribution flexibility.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Paid Vacation
401(k) Retirement Plan
Professional Development Budget
Growth & Insights and Company News
6 month growth
↑ 8%1 year growth
↑ 9%2 year growth
↑ 9%Constellation Brands has entered into a new term loan credit agreement worth up to $300 million with Manufacturers and Traders Trust Company and other lenders. The delayed draw facility, established on 18 September 2026, will be used for general corporate purposes, including potential debt repayment. The two-year term loans carry interest linked to Term SOFR or a base rate with rating-based margins. Unused commitments will incur a ticking fee beginning 30 days after closing. The agreement includes covenants that mirror the company's existing revolving credit facility. These impose limits on subsidiary indebtedness, liens, mergers, affiliate transactions, and sale-leasebacks, whilst requiring minimum interest coverage and maximum net leverage ratios. The structure is designed to reinforce Constellation Brands' financial flexibility and balance-sheet management.
Constellation Brands stock has declined 28.2% from its 52-week high of $168.60, significantly underperforming the consumer defensive sector. The Rochester-based beer, wine, and spirits producer saw shares fall 12.3% year-to-date and 17.2% over the past year, whilst the State Street Consumer Staples Select Sector SPDR ETF gained 8.2% and 4.3% respectively over the same periods. The company, with a market capitalisation of approximately $20.6 billion, faces challenges despite recent positive earnings. First-quarter results on 30 June showed earnings per share of $3.43 beating expectations of $3.25, with net sales of $2.43 billion exceeding forecasts. However, organic revenue has disappointed over two years, with projected sales growth of just 1.1% over the next 12 months dampening investor sentiment.
Constellation Brands shares have fallen 53% from their peak to around $128, near a 52-week low of $126.45, as weaker consumer spending pressures sales. The stock now trades at roughly 11 times forward earnings. In fiscal 2026, organic sales dropped 10% year over year, driven by weakness in wine. However, recent results show stabilisation, with comparable organic sales up 3% last quarter. Beer represents over 90% of total sales. Despite the decline, Constellation's brands remain strong. Modelo Especial is the top US beer brand by dollar sales, and the company's beer portfolio gained the most market share last quarter. The company generates $1.83 billion in trailing free cash flow and recently raised its dividend to $1.03 per share quarterly, yielding 3.2% — the highest in company history.
Constellation Brands has appointed Alex Alvarez as senior vice president and chief supply chain officer for its beer division, effective 14 September. He replaces John Kester, who is retiring in November after 12 years with the company. Alvarez brings over 30 years of experience in operations and supply chain management. Most recently, he spent three years as chief supply chain officer at Suntory Global Spirits, overseeing 18 distilleries globally. Before that, he worked at Brown-Forman for 16 years in various leadership roles. In his new role, Alvarez will oversee manufacturing, procurement, planning, logistics and distribution for Constellation's beer brands, including Corona and Modelo.
Jim Cramer has shifted his stance on the alcoholic beverage sector, showing cautious optimism for Constellation Brands whilst remaining bearish on Diageo. He highlighted Constellation's new CEO, Ned Fink, as a potential catalyst for growth, noting Fink's successful track record at Jim Beam. Diageo faces multiple headwinds, including a 34.9% sales decline in China and an 8.4% drop in North American net sales. The stock has fallen 52% over five years. Constellation grew beer sales 2% to $2.28 billion in fiscal Q1, beating earnings expectations. However, beer depletion fell 0.3%, whilst wine and spirit sales dropped 10%. Hedge funds appear to favour Constellation, with 56 funds holding stakes versus 35 for Diageo. However, Diageo trades at a higher forward P/E ratio of 14.41 compared to Constellation's 11.36.