The beat and raised reported EPS guidance suggest improving margin trends and organic growth momentum. Watch for beer depletion trends (down 0.3%) and tariff impacts on COGS. The stock may rally on the positive surprise, but given the stock's recent underperformance, consider taking profits if the move is sharp.
Price Chart
Executive Summary
Constellation Brands reported Q1 FY2027 comparable EPS of $3.43, beating consensus of $3.20 by 7.2%, while organic net sales grew 3% YoY. The company raised its reported EPS guidance for FY2027 to $11.50-$12.20 and affirmed comparable EPS guidance of $11.20-$11.90, signaling improving fundamentals despite a cautious consumer environment.
Key Financial Metrics
Key Facts
- Comparable EPS $3.43 vs consensus $3.20 (+7.2% beat)
- Organic net sales grew 3% YoY to $2.43B, slightly above consensus of $2.39B
- Beer net sales up 2% YoY; Beer remains #1 dollar share gainer in U.S. tracked channels
- Wine & Spirits organic net sales up 8% YoY, with depletions up 6.6%
- Raised FY2027 reported EPS guidance to $11.50-$12.20 (from $11.10-$11.80); affirmed comparable EPS guidance of $11.20-$11.90
- Operating cash flow of $662M and free cash flow of $485M, up 4% and 9% YoY respectively
- Repurchased $324M of shares YTD through June 2026; declared quarterly dividend of $1.03/share
Financial Impact
EPS beat of $0.23 (7.2%) on consensus of $3.20; revenue beat of ~$43M (1.8%)
Risk Factors
- Beer depletions declined 0.3% YoY, indicating potential demand softness
- Aluminum tariffs and unfavorable fixed cost absorption continue to pressure beer margins
- Consumer spending environment remains value-conscious, which could pressure premium brands
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000016918-26-000028 |
| Document: stz-20260630.htm | 0000016918-26-000028 |
| Document: 0000016918-26-000028-index-headers.html | 0000016918-26-000028 |
| Document: 0000016918-26-000028-index.html | 0000016918-26-000028 |
| Document: 0000016918-26-000028.txt | 0000016918-26-000028 |
| 8-K Data (Synthetic) | 0000016918-26-000028 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 21d ago | Press Release | $122.45 $118.97 | ▼ −2.84% | ▼ −2.62% | $113.12 (−7.62%) |
Jun 30, 2026 13w ago | 8-K | $136.88 $131.76 | ▼ −3.74% | ▼ −4.00% | $113.12 (−17.36%) |
Jun 30, 2026 13w ago | Press Release | $136.88 $131.76 | ▲ +3.74% | ▲ +4.00% | $113.12 (+17.36%) |
May 21, 2026 19w ago | 8-K | $150.75 $138.74 | ▼ −7.97% | ▼ −9.82% | $113.12 (−24.96%) |
May 6, 2026 21w ago | 8-K | $150.10 $140.52 | ▼ −6.38% | ▼ −7.89% | $113.12 (−24.64%) |
May 4, 2026 21w ago | Press Release | $149.74 $142.44 | ▼ −4.87% | ▼ −6.86% | $113.12 (−24.45%) |
Apr 8, 2026 25w ago | 8-K | $162.81 $163.45 | ▲ +0.39% | ▼ −2.79% | $113.12 (−30.52%) |
Apr 8, 2026 25w ago | Press Release | $162.81 $163.45 | ▲ +0.39% | ▼ −2.79% | $113.12 (−30.52%) |
Mar 19, 2026 28w ago | Press Release | $149.59 $151.26 | ▲ +1.12% | ▲ +3.27% | $113.12 (−24.38%) |
US Market Status
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