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Constellation Brands (NYSE:STZ) Releases FY 2027 Earnings Guidance
The company beat quarterly estimates and said SpikedAde could expand growth in the fast-growing ready-to-drink category, with 2026 reported EPS now seen at $11.85 to $12.55.
- On Tuesday, October 6, 2026, Constellation Brands reported second-quarter fiscal 2027 revenue of $2.63 billion and adjusted earnings of $3.74 per share, beating analyst expectations of $2.54 billion and $3.55 per share.
- Beer shipments rose 5.5% as CEO Nicholas Fink prioritized rebuilding distributor inventory levels after entering fiscal 2027 too light; consumer demand measured by depletions slipped 0.6% during the quarter.
- Pacifico and Victoria drove growth with 19% and 15% depletion increases respectively, offsetting Modelo Especial and Corona Extra declines of 2% and 5%, allowing Constellation to gain 0.8% market share.
- Constellation acquired SpikedAde, a spirit-based ready-to-drink brand, for $75 million upfront with up to $278 million in contingent payments over five years, aiming to diversify beyond its core beer business.
- Reaffirming fiscal 2027 guidance of $11.20 to $11.90 per share adjusted earnings, the company prioritized operational efficiency and approximately $800 million in capital expenditures focused on the Veracruz brewery and modular capacity additions.
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·Englewood Cliffs, United States
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Corona beer maker tops Q2 estimates
CONSTELLATION Brands beat second-quarter estimates for profit and sales on Tuesday, as resilient demand for its beer, such as Modelo Especial and Victoria, helped offset challenges facing the alcohol industry in a soft spending environment.
·Manila, Philippines (the)
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Coverage Details
Total News Sources15
Leaning Left3Leaning Right1Center4Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 38%
C 50%
12%
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