Constellation Brands potvrdila výhled srovnatelného zisku na akcii (EPS) pro fiskální rok 2027 v rozmezí 11,20–11,90 USD; zlepšující se poptávka v září podporuje dosažení horní hranice.
Key Takeaways STZ reaffirms fiscal 2027 EPS guidance of $11.20-$11.90 as stronger September beer demand lifts confidence.Pacifico's 20% growth and Victoria's mid-teens gains support STZ despite declines in Modelo and Corona.STZ projects second-half beer margins of 34.5%-35.5% amid higher marketing costs and seasonal volume weakness. Constellation Brands, Inc. (STZ - Free Report) struck a more confident tone during its second-quarter fiscal 2027 earnings call, citing improving beer demand, stronger marketing execution and healthier distributor inventories.
Management reaffirmed its annual outlook while indicating that sustained September trends could push results toward the upper end of its guidance range.
STZ Sees Potential to Reach High End of OutlookPresident and CEO Nicholas Fink reaffirmed fiscal 2027 comparable earnings guidance of $11.20-$11.90 per share, emphasizing that September's improving demand trends support expectations toward the high end.
Addressing questions from RBC Capital Markets, Fink explained that September's acceleration extended beyond Labor Day timing benefits. He attributed the improvement partly to college football programming and stronger consumer engagement.
CFO Garth Hankinson reinforced management's confidence, noting that second-quarter performance exceeded internal expectations even after accounting for distributor inventory rebuilding.
The company reported earnings of $3.74 per share, which exceeded the Zacks Consensus Estimate of $3.62. Revenues of $2.63 billion surpassed the consensus mark of $2.57 billion.
Constellation Addresses Distributor Inventory ConcernsDistributor inventory normalization attracted considerable analyst attention after beer shipments increased 5.5% while depletions declined 0.6% during the quarter.
Responding to Bank of America, Fink explained that fiscal 2026 inventory reductions had left distributors with insufficient stock, creating operational inefficiencies and potential product shortages.
Management indicated that distributor inventories have recovered but remain below historical averages. Fink expects second-half shipment patterns to normalize, with full-year shipments and depletions tracking within 99% of each other.
STZ Highlights Pacifico and Victoria GrowthConstellation Brands' beer portfolio continued gaining market share despite uneven performance among its established brands.
Fink highlighted Pacifico's approximately 20% year-to-date growth and its emergence among the 10 largest U.S. beer brands. Victoria also maintained strong momentum, with first-half growth in the mid-teens.
Meanwhile, Modelo Especial and Corona Extra recorded depletion declines of approximately 2% and 5%, respectively. Fink emphasized improving Corona trends, including stabilizing market share and renewed traction in New York and Miami.
Constellation Refines Marketing and Pricing StrategyManagement outlined a more targeted marketing approach focused on consumer occasions, brand relevance and retail execution rather than awareness alone.
Fink identified college football, sports sponsorships and localized promotions as opportunities to strengthen consumer engagement. Hankinson expects marketing spending to approximate 10% of second-half net sales, exceeding 11% during the third quarter.
Addressing Citigroup's pricing questions, management maintained its long-term 1%-2% pricing framework while favoring the lower end amid consumer pressures.
Hankinson attributed roughly flat second-quarter beer price and mix performance to unfavorable mix, promotional investments and portfolio repositioning.
STZ Faces Margin Pressure and Brewery CostsBeer operating margin declined 160 basis points to 39%, reflecting increased marketing expenditures and other selling, general and administrative costs.
Responding to Wells Fargo, Hankinson projected second-half beer operating margins of 34.5%-35.5%, citing seasonal volume weakness, maintenance spending and continued brand investment.
He also clarified that the Veracruz brewery is expected to enter service early in fiscal 2028. Associated depreciation should create approximately $75 million in annualized expense and a 90-basis-point margin headwind.
Constellation Balances Acquisitions and Shareholder ReturnsManagement emphasized disciplined capital allocation as brewery construction spending moderates and cash generation improves.
Hankinson highlighted $530 million in year-to-date share repurchases and approximately $2.5 billion remaining under the authorization extending through fiscal 2028.
Fink also discussed the SpikedAde acquisition, which included $75 million upfront and potential contingent payments totaling $278 million. Management views the spirit-based ready-to-drink brand as an opportunity to enter emerging consumption occasions without shifting its primary focus away from beer.
STZ Maintains Focus on Execution and GrowthManagement's commentary centered on rebuilding sustained growth through stronger brand investment, distribution discipline and improved operating efficiency.
Fink emphasized that Constellation Brands’ established beer brands remain central to long-term value creation, while emerging products offer additional expansion opportunities.
The company's near-term priorities remain maintaining improving consumer trends, supporting marketing effectiveness and protecting profitability against inflationary pressures.
What STZ's Zacks Rank and Style Scores IndicateSTZ currently carries a Zacks Rank #3 (Hold), reflecting a neutral near-term earnings revision outlook. Its Value Score of B indicates relatively favorable valuation characteristics, while its Growth Score of D and Momentum Score of F reflect weaker positioning in those investment styles. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The company's VGM Score of D indicates an unfavorable combination of value, growth and momentum characteristics relative to higher-scoring stocks. These signals warrant distinction from management's operational outlook. The Zacks Rank can change as analysts revise earnings estimates following the latest results.
Constellation Brands ve 2. čtvrtletí překonala odhady se ziskem 3,74 USD na akcii a tržbami ve výši 2,633 mld. USD, přesto HSBC snížila doporučení na „držet“.
Constellation Brands, Inc. (NYSE:STZ) posted better-than-expected second-quarter results, after the closing bell on Tuesday.
Constellation Brands reported quarterly earnings of $3.74 per share which beat the analyst consensus estimate of $3.56 per share. The company reported quarterly sales of $2.633 billion which beat the analyst consensus estimate of $2.542 billion.
The company raised fiscal 2027 GAAP EPS guidance to $11.85-$12.55 from $11.50-$12.20, versus the $11.93 estimate. Constellation Brands reiterated adjusted EPS guidance at $11.20-$11.90, compared with the $11.72 estimate and expects to reach the high end if positive September trends continue.
Constellation Brands also said it acquired SpikedAde, a spirit-based ready-to-drink (RTD) brand.
Constellation shares fell 1% to $117.23 in pre-market trading.
These analysts made changes to their price targets on Constellation following earnings announcement.
HSBC analyst Sorabh Daga downgraded the stock from Buy to Hold and cut the price target from $192 to $135. Morgan Stanley analyst Dara Mohsenian maintained the stock with an Equal-Weight rating and cut the price target from $158 to $145. Needham analyst Gerald Pascarelli maintained the stock with a Buy and lowered the price target from $185 to $150. Considering buying STZ stock? Here’s what analysts think:
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ROCHESTER, N.Y., Oct. 06, 2026 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading U.S.-based total beverage alcohol company, today announced the acquisition of SpikedAde, a differentiated, consumer-led spirit-based ready-to-drink (RTD) beverage brand competing in the emerging sports drink-inspired "Ade" segment.
Constellation's strong brand building and go-to-market capabilities to help SpikedAde expand distribution across the U.S.Transaction includes a $75 million payment at close for 100% ownership of the business, as well as additional contingent consideration of up to $278 million payable over five years based on the future performance of the SpikedAde business, reflective of Constellation’s disciplined approach to capital allocation.The acquisition strengthens Constellation's position in the fast-growing RTD category and expands its portfolio into an emerging, consumer-led demand space.SpikedAde is well positioned to capitalize on the growing demand for flavorful, sessionable RTDs designed for modern social occasions and evolving consumer preferences.The spirit-based RTD category is one of the fastest-growing areas in beverage alcohol, with dollar sales increasing by 25% in the last year.1 About SpikedAde
SpikedAde is a spirit-based RTD beverage brand competing in the emerging "Ade" segment. The brand combines familiar sports drink flavors with a vodka base in a zero-sugar, 100-calorie, non-carbonated format. As a first mover in the space, SpikedAde has demonstrated strong early momentum through expanding distribution, rapid account growth, and high reorder rates. With an established presence across the eastern U.S. and significant runway for growth, SpikedAde represents a compelling opportunity to accelerate its expansion and extend its reach.
Message from Constellation’s President & CEO
“SpikedAde has successfully carved out a distinctive position in an emerging segment and built a brand that is clearly connecting with consumers,” said Nicholas Fink, Constellation’s President and Chief Executive Officer. “As consumer preferences evolve and new occasions continue to emerge, we're excited to build on the strong foundation the SpikedAde team has created and leverage our proven capabilities to accelerate growth, expand the brand's reach, and unlock new opportunities for the platform over time.”
Message from SpikedAde Founder and CEO
“When we created SpikedAde, it was with the goal of helping define a new era for RTDs – one that meets consumers where performance, lifestyle, and social energy intersect – and our team and distributor partners turned that vision into reality faster than we ever imagined,” said Jason Cohen, Founder and CEO of SpikedAde. “With Constellation's scale and expertise behind it, we're excited to see SpikedAde reach even more consumers with its distinctive positioning and continue its remarkable growth trajectory.”
FAQ
Why did Constellation acquire SpikedAde?
Constellation Brands acquired SpikedAde on October 6, 2026 to strengthen its position in the fast-growing RTD category and expand its portfolio into new consumer demand spaces aimed at sustainable consumer trends. What is SpikedAde?
SpikedAde is a spirit-based RTD beverage brand competing in the emerging "Ade" segment. The brand combines familiar sports drink flavors with a vodka base in a zero-sugar, 100-calorie, non-carbonated format. What is the “Ade” segment?
"Ade" is an emerging segment of spirit-based RTD beverages inspired by familiar sports drink flavors. SpikedAde was one of the first brands to establish a presence in the segment. Will SpikedAde continue to operate as its own brand?
The SpikedAde team will be integrated into Constellation’s Beer Division, and Constellation will assume production oversight, marketing, and distribution of the brand. The company intends to align SpikedAde distribution with Gold Network Distributor partners, in accordance with applicable law. 1Circana MULOC+ 52 weeks ending 8-30-26
ABOUT CONSTELLATION BRANDS
Constellation Brands (NYSE: STZ), a leading U.S.-based company, is an international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It’s worth our dedication, hard work, and calculated risks to anticipate market trends and deliver for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what’s next.
Every day, people reach for brands from our high-end, imported beer portfolio anchored by the iconic Corona Extra and Modelo Especial, a flavorful lineup of Modelo Cheladas, and favorites like Pacifico, and Victoria; our exceptional wine brands including The Prisoner Wine Company, Robert Mondavi Winery, Kim Crawford, Schrader Cellars, and Lingua Franca; and our craft spirits brands such as Mi CAMPO Tequila and High West Whiskey.
As an agriculture-based company, we strive to operate in a way that is sustainable and responsible. Our ESG strategy is embedded into our business and we focus on serving as good stewards of the environment, investing in our communities, and promoting responsible beverage alcohol consumption. We believe these aspirations in support of our longer-term business strategy allow us to contribute to a future that is truly Worth Reaching For.
To learn more, visit www.cbrands.com and follow us on LinkedIn and Instagram.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements. The word “expect” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These statements may relate to business strategy, future operations, prospects, plans, and objectives of management, including expanding SpikedAde’s distribution, the amount of contingent consideration, if any, that may be paid, strengthening Constellation's position in the fast-growing RTD category, emerging, consumer-led demand spaces, SpikedAde’s ability to capitalize on growing demand and connect with consumers, SpikedAde’s runway for and continuing growth, building on SpikedAde's foundation and unlocking new opportunities, and integration and distribution plans for SpikedAde, as well as information concerning expected actions of third parties. All forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, such forward-looking statements.
The forward-looking statements are based on management’s current expectations and should not be construed in any manner as a guarantee that any of the events anticipated by the forward-looking statements will in fact occur or will occur on the timetable contemplated hereby. All forward-looking statements speak only as of the date of this news release and Constellation does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
In addition to risks and uncertainties associated with ordinary business operations, the forward-looking statements contained in this news release are subject to other risks and uncertainties, including the accuracy of all projections and other factors and uncertainties disclosed from time-to-time in Constellation Brands’ filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended February 28, 2026, which could cause actual future performance to differ from current expectations.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e50b51fa-5183-4317-84b1-966b5db3ee08
A downloadable PDF copy of this news release can be found here: http://ml.globenewswire.com/Resource/Download/0771de0a-3696-4d58-b7c6-290102f8c9c6
U společnosti Constellation Brands se za 2. čtvrtletí očekává zisk 3,62 USD na akcii a tržby 2,57 miliardy USD. Odhad EPS byl za posledních 30 dní snížen o 0,4 %.
The upcoming report from Constellation Brands (STZ - Free Report) is expected to reveal quarterly earnings of $3.62 per share, indicating a decline of 0.3% compared to the year-ago period. Analysts forecast revenues of $2.57 billion, representing an increase of 3.6% year over year.
The consensus EPS estimate for the quarter has been revised 0.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Constellation Brands metrics that are commonly monitored and projected by Wall Street analysts.
Based on the collective assessment of analysts, 'Net Sales- Wine and Spirits' should arrive at $135.95 million. The estimate points to a change of 0% from the year-ago quarter.
Analysts predict that the 'Net Sales- Beer' will reach $2.43 billion. The estimate indicates a year-over-year change of +3.8%.
It is projected by analysts that the 'Operating Income- Beer' will reach $958.64 million. Compared to the present estimate, the company reported $951.60 million in the same quarter last year.
View all Key Company Metrics for Constellation Brands here>>>
Shares of Constellation Brands have experienced a change of -12.6% in the past month compared to the -0.4% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), STZ is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Wall Street expects a year-over-year decline in earnings on higher revenues when Constellation Brands (STZ - Free Report) reports results for the quarter ended August 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on October 6, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis wine, liquor and beer company is expected to post quarterly earnings of $3.62 per share in its upcoming report, which represents a year-over-year change of -0.3%.
Revenues are expected to be $2.57 billion, up 3.6% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.44% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Constellation Brands?For Constellation Brands, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -1.86%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Constellation Brands will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Constellation Brands would post earnings of $3.22 per share when it actually produced earnings of $3.43, delivering a surprise of +6.52%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Constellation Brands doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Constellation Brands uzavřela na 113,65 USD, téměř na 52týdenním minimu, a dividendový výnos vystoupal na 3,58 %. Firma ale stále pokrývá dividendu volným cash flow i ziskem.
Constellation Brands stock just hit a near 52-week low and its yield crept above 3.5%, putting dividend investors on alert. Before you buy the dip for income, there are a few warning signs buried in the cash flow statement worth…
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Constellation Brands (NYSE:STZ | STZ Price Prediction) closed at $113.65 on September 25, just above a 52-week low of $113.34. The stock is down 15.87% year to date and 15.49% over the past month, and MarketWatch noted it underperforming competitors on Thursday. That decline lifts the dividend yield to 3.58% and raises the question income buyers care about most: is the $1.03 quarterly payout secure heading into the next quarterly report?
A Young Dividend Still Finding Its Pace Constellation’s quarterly dividend record runs back to 2015, when it paid $0.31 a share. The payout jumped from $0.89 to $1.01 in 2024, then growth slowed sharply. The April 2026 raise to $1.03 was just 1%, and the June declaration held it flat. This is a payout still being established, with recent raises looking more like maintenance than momentum.
Beer Carries the Entire Payout Beer net sales hit $2.28B in the first quarter of fiscal 2027, up 2%, while Wine & Spirits fell 47% to $149.2M after the 2025 wine divestitures. Guidance calls for a Beer operating margin of 37%-38% versus 5%-6% for Wine & Spirits. That beer margin is the benchmark against Anheuser-Busch InBev (NYSE:BUD) and Molson Coors (NYSE:TAP), which chase the same U.S. beer shopper. Constellation’s Beer Business ranked as the #1 dollar share gainer in Circana U.S. tracked channels.
The flagships are the weak spot. Pacifico depletions rose about 21%, but Modelo Especial fell about 2% and Corona Extra about 5%. CEO Nick Fink was blunt on the call:
“There’s no question it’s a volatile quarter.”
He added that “there is still a gap that we’re seeing within the Hispanic zip codes relative to GENPOP.”
How Much Cash the Dividend Consumes In fiscal 2026, Constellation paid $715.7M in dividends against free cash flow of $1.79B. Buybacks took $924.1M, more than the dividend. Total financing outflow reached $2.66B, a figure that also captures debt activity. In the latest quarter, free cash flow of $484.6M covered $178.7M in dividends, with $223.8M going to repurchases.
Fiscal 2027 guidance calls for free cash flow of $1.6B-$1.7B despite roughly $800M of capex tied to the Veracruz brewery. The flexible line is buybacks, which sit behind the dividend in the cash queue.
Leverage and Earnings Coverage Cash was just $96.6M, with total liabilities of $13.56B against equity of $8.55B. Trailing EPS of $10.50 dwarfs the $4.12 annualized dividend, and comparable EPS guidance stands at $11.20-$11.90. The stock trades at 11 times trailing earnings. The withdrawn FY2028 outlook limits visibility (a rising yield coupled with slowing raises is one of the classic red flags we walked through in a free dividend trap guide).
What to Watch Into the Next Report Modelo Especial and Corona Extra depletion trends. Shipments versus depletions. CFO Garth Hankinson said they “will essentially equal one another” by fiscal year-end. Margin pressure, with marketing “over the 10%” of net sales in the second and third quarters. Buyback pace and any reaffirmation of the free cash flow range. Verdict: The Dividend Is Safe Yes. Beer margins fund the payout, free cash flow covers it with room left for buybacks, and earnings clear it by a wide margin. The real risk is a slower raise pace, and income buyers should expect small increases while Veracruz draws capital.
Contact [email protected] for any questions or corrections.
Constellation Brands, Inc. (NYSE:STZ) will release earnings for its second quarter after the closing bell on Tuesday, Oct. 6.
Analysts expect the Rochester, New York-based company to report quarterly earnings of $3.56 per share, down from $3.63 per share in the year-ago period. The consensus estimate for STZ’s quarterly revenue is $2.54 billion. It reported $2.48 billion last year, according to Benzinga Pro.
On June 30, Constellation Brands reported better-than-expected first-quarter financial results and raised its FY27 GAAP EPS guidance.
Constellation Brands shares fell 0.9% to close at $116.57 on Wednesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Citigroup analyst Filippo Falorni maintained a Buy rating and cut the price target from $185 to $165 on Sept. 22, 2026. This analyst has an accuracy rate of 56%. Barclays analyst Lauren Lieberman maintained an Equal-Weight rating and cut the price target from $132 to $122 on Sept. 22, 2026. This analyst has an accuracy rate of 64%. Evercore ISI Group analyst Robert Ottenstein maintained the stock with an Outperform rating and slashed the price target from $175 to $160 on Sept. 21, 2026. This analyst has an accuracy rate of 53%. Jefferies analyst Kaumil Gajrawala maintained a Hold rating and cut the price target from $147 to $135 on Sept. 14, 2026. This analyst has an accuracy rate of 52%. Deutsche Bank analyst Steve Powers maintained the stock with a Hold rating and cut the price target from $150 to $136 on Sept. 11, 2026. This analyst has an accuracy rate of 66%. Considering buying STZ stock? Here’s what analysts think:
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Nykredit A/S ve 2. čtvrtletí koupila novou pozici v Constellation Brands za zhruba 63,4 mil. USD a drží asi 0,27 % firmy. Akcie STZ zároveň při otevření klesly o 2,8 %.
Nykredit A S bought a new position in Constellation Brands Inc (NYSE:STZ – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 455,503 shares of the company’s stock, valued at approximately $63,356,000. Nykredit A S owned about 0.27% of Constellation Brands as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in the stock. Wellington Grp LLC lifted its stake in shares of Constellation Brands by 90.8% in the 2nd quarter. Wellington Grp LLC now owns 4,933 shares of the company’s stock worth $686,000 after purchasing an additional 2,347 shares during the period. Studio Investment Management LLC purchased a new position in shares of Constellation Brands during the 2nd quarter worth $202,000. Ameritas Advisory Services LLC bought a new stake in shares of Constellation Brands during the 2nd quarter valued at $299,000. AlphaGrep UK Ltd bought a new stake in shares of Constellation Brands during the 2nd quarter valued at $205,000. Finally, Raiffeisen Bank International AG increased its stake in shares of Constellation Brands by 1,689.5% in the 2nd quarter. Raiffeisen Bank International AG now owns 6,156 shares of the company’s stock worth $859,000 after purchasing an additional 5,812 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades Several research firms recently weighed in on STZ. Wells Fargo & Company lowered their target price on Constellation Brands from $185.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday, June 29th. BNP Paribas Exane decreased their price objective on Constellation Brands from $117.00 to $115.00 and set an “underperform” rating on the stock in a research note on Thursday, July 2nd. Freedom Capital cut Constellation Brands from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Piper Sandler reissued a “neutral” rating and issued a $160.00 target price on shares of Constellation Brands in a report on Wednesday, July 1st. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $197.00 target price (down from $305.00) on shares of Constellation Brands in a research note on Wednesday, July 1st. Twelve equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Constellation Brands has a consensus rating of “Hold” and an average price target of $165.14.
Get Our Latest Research Report on Constellation Brands Constellation Brands Trading Down 2.8% STZ stock opened at $119.03 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.91 and a quick ratio of 0.48. Constellation Brands Inc has a 1-year low of $118.91 and a 1-year high of $168.60. The business has a 50 day simple moving average of $130.51 and a two-hundred day simple moving average of $141.77. The company has a market capitalization of $20.33 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 2.42 and a beta of 0.41.
Constellation Brands (NYSE:STZ – Get Free Report) last issued its earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share for the quarter, missing analysts’ consensus estimates of $3.70 by ($0.27). The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.39 billion. Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.Constellation Brands’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.22 EPS. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Research analysts anticipate that Constellation Brands Inc will post 11.84 EPS for the current fiscal year.
Constellation Brands Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 30th were issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.5%. The ex-dividend date was Thursday, July 30th. Constellation Brands’s dividend payout ratio is presently 39.31%.
Constellation Brands Company Profile (Free Report)
Constellation Brands, Inc (NYSE: STZ) is a beverage alcohol company that produces, markets and distributes beer, wine and spirits. Its portfolio includes well-known beer brands such as Corona Extra, Modelo Especial, Modelo Negra, Pacifico and Victoria, along with wine brands including Robert Mondavi, The Prisoner, Kim Crawford and Meiomi. Its spirits portfolio includes brands such as Casa Noble tequila and High West whiskey.
The company’s beer business is focused primarily on the United States, where Constellation markets and sells Mexican beer brands brewed by its production operations in Mexico.
Read More Five stocks we like better than Constellation Brands J.B. Hunt’s Stock Plunges After Market Misprices Profit Warning 2 Stocks Breaking Out Post-FOMC With One Thing in Common Lennar’s Q3 Miss Hides a Stronger Operating Story Beneath the Housing Slump These 3 Stocks Are Drawing Insider Buyers for Very Different Reasons Want to see what other hedge funds are holding STZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Constellation Brands Inc (NYSE:STZ – Free Report).
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Constellation Brands posiluje růst přes prémiové značky, inovace a rozšiřování distribuce v pivu, víně i destilátech. Firma zároveň tlačí na efektivitu a marže.
Key Takeaways Constellation Brands is leveraging premium labels and innovation to drive long-term growth.STZ continues to invest in its beer, wine and spirits brands to expand market share.STZ is focusing on premiumization and cost savings to strengthen margins and profitability. Constellation Brands, Inc. (STZ - Free Report) continues to pursue initiatives focused on strengthening its high-end beer portfolio, expanding distribution, driving consumer-led innovation, improving operational efficiency and maintaining financial discipline. The company’s strategy centers on building strong brands with advantaged routes to market while leveraging differentiated brand positioning, price-pack architecture and market prioritization to support growth.
Constellation Brands is strengthening its beer business through investments in its leading imported brands, including Modelo Especial, Corona Extra, Pacifico and Victoria. The company is expanding distribution across off-premise and on-premise channels while investing in additional brewery capacity to support anticipated demand. The company is also pursuing consumer-led innovation through new line extensions, package formats and products designed to address emerging consumer preferences.
Brand differentiation remains another important component of Constellation Brands’ strategy. The company’s beer portfolio is anchored by high-end imported brands, while its wine and spirits business has been repositioned toward an exclusively higher-end portfolio. STZ also continues to expand its wine and spirits brands through U.S. wholesale, international markets and direct-to-consumer channels, including hospitality, to broaden its addressable market.
Constellation Brands is also focused on maintaining market share momentum while improving operational efficiency and cash generation. Hence, Constellation Brands’ investments in its high-end beer portfolio, brewery capacity, distribution network and consumer-led innovation, along with its focus on premium wine and spirits and operational efficiency, provide several avenues to support sales growth, market-share gains and profitability.
STZ’s Price Performance, Valuation & EstimatesShares of Constellation Brands have lost 19.3% in the past six months compared with the industry’s growth of 11.1%.
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From a valuation standpoint, STZ trades at a forward price-to-earnings ratio of 10.14X compared with the industry’s average of 14.68X.
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The Zacks Consensus Estimate for STZ’s fiscal 2027 and fiscal 2028 earnings per share (EPS) indicates year-over-year growth of 0.2% and 3.6%, respectively. The company’s EPS estimate for fiscal 2027 has been stable, while that of fiscal 2028 has declined in the past seven days.
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Constellation Brands stock currently carries a Zacks Rank #3 (Hold).
Key Consumer Staple PicksThe Chefs' Warehouse, Inc. (CHEF - Free Report) distributes specialty food and center-of-the-plate products in the United States, the Middle East and Canada. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for The Chefs' Warehouse’s current financial-year sales and earnings indicates growth of 10.6% and 33.7%, respectively, from the prior-year levels. CHEF delivered a trailing four-quarter earnings surprise of 30.4%, on average.
United Natural Foods (UNFI - Free Report) , a leading distributor of natural, organic and specialty food and non-food products, currently carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for United Natural Foods’ current financial-year sales indicates a rise of 1.3% from the prior-year level. UNFI delivered a trailing four-quarter earnings surprise of 17.9%, on average.
Medifast, Inc. (MED - Free Report) , a leading manufacturer and distributor of clinically-proven healthy living products and programs, currently carries a Zacks Rank of 2. MED missed the average earnings surprise by a sharp margin in the trailing four quarters.
The Zacks Consensus Estimate for Medifast’s current financial-year sales indicates a decline of 27.3% from the year-ago number.
Constellation Brands potvrdila výhled pro aktuální fiskální rok a uvedla, že po úsporách přes 600 milionů USD dál zlepšuje efektivitu dodavatelského řetězce. Firma zároveň mění strategii růstu piva podle jednotlivých značek.
Constellation Brands: Beer Growth and Buybacks Mask Stock's SlumpConstellation Brands NYSE: STZ executives said the company is refining its growth strategy across its beer portfolio, increasing focus on consumer occasions, brand-specific playbooks and supply-chain productivity while maintaining its outlook for the current fiscal year.
Speaking at an investor conference in Boston, Chief Executive Officer Nick Fink said the company’s portfolio now requires different approaches for brands at different stages of development. While Constellation has historically been successful at scaling brands through distribution and awareness, Fink said more mature brands such as Corona require a more granular strategy centered on relevance, saliency and targeted consumer activation.
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Willing and Abel: Berkshire's New CEO Makes Huge Portfolio Changes in Q1“We’ll continue to be a brand scaler,” Fink said, citing continued growth opportunities for Modelo, Pacifico and Victoria. However, he said the company also needs to develop capabilities for sustaining larger brands and introducing products that are new to the market.
Occasion-Led Brand Strategy Fink said Constellation is shifting toward a more occasion-led view of consumer behavior as consumers, customers and distributors increasingly move across beverage categories. The company intends to identify the occasions in which it wants to compete and determine which brand in its portfolio is best positioned to win those occasions.
Spirits on the Rocks? The Battle for Jack DanielsPacifico provides one example, according to Fink. The brand is being positioned around active, adventure and sports-oriented occasions, including activations tied to the World Cup surfing championship in California. He said the company is seeking to preserve distinct brand personalities while avoiding a one-size-fits-all marketing approach for Mexican beer brands.
Fink said the World Cup was a positive event for the company, with Constellation emerging as the number-one share gainer during the tournament by nearly one share point. He said on-premise performance was strong, an area where the company believes it remains underrepresented and sees distribution opportunities.
However, he characterized off-premise performance and August Circana data as “lackluster.” Fink pointed to higher gas and diesel prices and broader macroeconomic and geopolitical pressures as factors affecting consumer activity. He said the company believes recent headwinds are cyclical but acknowledged that it will take time to determine whether increased social gatherings will have a lasting benefit for beer demand.
Consumer Pressure and Portfolio Positioning Fink said Constellation sees a generally stretched consumer outside the highest end of its portfolio. In Hispanic consumer data, he described a mixed picture: California and New York have shown less divergence between Hispanic and general-market consumers, while Florida and Texas have faced greater headwinds.
Despite consumer pressure, Fink said Constellation’s beer portfolio remains premium-priced relative to much of the market. The company has repositioned Corona Premier and Modelo Oro to a price point that it believes is more appropriate for light beer, and he said the brands have posted growth following the change.
Constellation is also testing Barrilito in parts of Texas, Fresno and several other states. Fink said the product has been less cannibalistic to the broader portfolio than the company initially feared. He described Barrilito as a relatively low-alcohol, lower-calorie beer serving a different consumer routine, while emphasizing that Constellation will proceed carefully to protect its premium positioning.
On Corona Extra, Fink said the company has already moved from diagnosis to execution following weaker consumption trends. He said the brand has improved from losing share to roughly holding share, with better performance in markets including New York and Miami. The initial effort has included increased spending, activation, added pack-size distribution and on-premise activity.
“There’s nothing in Corona that is broken,” Fink said, calling it the most loved beer brand and the most famous Hispanic brand in the world. Future plans will focus more specifically on cultural relevance, on-premise occasions and pack-price architecture, including the company’s growing 7-ounce format.
Modelo Runway and Operating Savings Fink said Modelo still has room to expand nationally. In strong markets such as California, the company sees opportunities in inland, urban and submarket areas. In markets including New York, Miami, Dallas and Chicago, he said there remains opportunity to increase share and distribution. Elsewhere, particularly toward the center of the country, Modelo awareness remains low despite its position as the number-one dollar-share brand.
He said Constellation estimates a 20-point national distribution gap relative to domestic beer brands. Pacifico, meanwhile, recently entered the top 10 and continues to post double-digit growth, according to Fink. He said the company is deliberately pacing distribution growth with consumer velocity to avoid overextending newer brands.
Executive Vice President and Chief Financial Officer Garth Hankinson said Constellation has transitioned from an extended brewery-building phase to a greater operating focus. The company spent nearly $1 billion annually over the past decade to expand production capacity, primarily at Nava and Obregón and more recently at Veracruz, he said.
Since shifting toward supply-chain efficiency, Hankinson said the company has generated more than $600 million in savings from procurement, logistics and operations. He said the company expects continuing savings opportunities but also expects gross-profit margin pressure during the second half of the fiscal year from trucking conditions and commodity exposure, despite being highly hedged entering the year.
Hankinson said Constellation remains aligned with the full-year guidance it provided in April. He also said operating margins in the second half will be lower than in the first half due to seasonal patterns, inflationary pressures and increased marketing investment in the third and fourth quarters.
Wine, Spirits and Capital Allocation Fink said Constellation’s wine and spirits portfolio has benefited from efforts to focus on categories where it expects growth. He said the segment grew 8% in the prior quarter and has outperformed the broader market for 18 consecutive months. He highlighted fine wine as well as brands including Mi Campo, The Prisoner, Kim Crawford and Ruffino.
Hankinson said the wine and spirits business is expected to produce margins in the 5% to 6% range this year, with improvement anticipated in future fiscal years. He said distributor inventory normalization may take 12 to 24 months and that inventory and operational changes will take several years to fully flow through the profit-and-loss statement.
On capital allocation, Hankinson said Constellation plans to maintain an investment-grade balance sheet, invest in organic and inorganic growth opportunities, and return capital through its dividend and share-repurchase program. He noted the dividend has a 30% payout and said significant capacity remains under the company’s $4 billion repurchase authorization.
About Constellation Brands (NYSE:STZ)Constellation Brands, Inc NYSE: STZ is a beverage alcohol company that produces, markets and distributes beer, wine and spirits. Its portfolio includes well-known beer brands such as Corona Extra, Modelo Especial, Modelo Negra, Pacifico and Victoria, along with wine brands including Robert Mondavi, The Prisoner, Kim Crawford and Meiomi. Its spirits portfolio includes brands such as Casa Noble tequila and High West whiskey.
The company's beer business is focused primarily on the United States, where Constellation markets and sells Mexican beer brands brewed by its production operations in Mexico.
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Constellation Brands oznámila předčasné úplné splacení všech nesplacených Senior Notes s kupónem 4,350 % splatných v roce 2027. K 8. září 2026 činil objem dluhu 600,0 milionu USD.
ROCHESTER, N.Y., Sept. 08, 2026 (GLOBE NEWSWIRE) -- Constellation Brands (NYSE: STZ), a leading U.S.-based total beverage alcohol company, announced today that it has given notice for full redemption prior to maturity of all of its outstanding 4.350% Senior Notes due 2027 (CUSIP Number: 21036P BK3) to be effected on September 18, 2026. As of September 8, 2026, there were $600.0 million in aggregate principal amount of the notes outstanding.
The redemption price for the notes, payable in cash, will be calculated pursuant to the formula set forth in the supplemental indenture relating to the notes.
This press release shall not constitute a notice of redemption of the notes. Information concerning the terms and conditions of the redemption of the notes is described in the notice distributed to holders of the notes by the trustee under the indenture and the applicable supplemental indenture governing the notes.
ABOUT CONSTELLATION BRANDS
Constellation Brands, a U.S.-based company, is an international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Constellation’s brand portfolio includes Modelo Especial, Corona Extra, Modelo Cheladas, Pacifico, Victoria, The Prisoner Wine Company, Robert Mondavi Winery, Kim Crawford, Schrader Cellars, Lingua Franca, Mi CAMPO Tequila, and High West Whiskey.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Statements which are not historical facts and relate to future plans, events, or performance, including statements regarding the redemption date and price, are forward-looking statements that are based upon management’s current expectations and are subject to risks and uncertainties. The forward-looking statements should not be construed in any manner as a guarantee that such events or results will in fact occur or will occur on the timetable contemplated hereby. All forward-looking statements speak only as of the date of this news release and Constellation undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Detailed information regarding risk factors with respect to the company and the offering are included in the company’s filings with the SEC, including the prospectus and prospectus supplement for the offering.
A downloadable PDF copy of this news release can be found here:
http://ml.globenewswire.com/Resource/Download/195be18e-bfed-4296-bbbf-f7f5f6e73cd5
Constellation Brands oznámila dodatečnou investici ve výši 100 milionů USD během příštích pěti let na podporu farmářů v Idaho, Montaně a Severní Dakotě. Součástí jsou nákupy od amerických farmářů a nový poradní výbor Farmers Future.
ROCHESTER, N.Y., Aug. 19, 2026 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading U.S.-based total beverage alcohol company, today announced an incremental $100 million investment over the next five years to support U.S. farmers in Idaho, Montana, and North Dakota, reinforcing the company’s long-term commitment to American agriculture and the vital role it plays in sustaining America’s iconic beer industry. The investment includes incremental purchases from American farmers and initiatives designed to help strengthen the future of these U.S. farming communities.
This investment reflects the company’s continued commitment to U.S. farmers as they face sustained pressure from declining acreage, shifting demand, rising input costs, and weather-related challenges that have made it harder for many growers to maintain and expand their businesses. Barley, corn, and hops remain essential to the American beer industry and its extensive and multifaceted supply chain inclusive of U.S. farmers, maltsters, brewers, distributors, retailers, transportation and logistics partners, and local communities across the country.
As part of this investment, Constellation Brands will partner with growers in Idaho, Montana, and North Dakota to identify opportunities that help sustain their farming operations for the long term. The company is establishing Constellation’s Farmers Future, a grower-led advisory committee that will bring together farmers, trade groups, and community leaders to help inform investments intended to strengthen agricultural resilience and the domestic agricultural supply chain.
“U.S. barley, corn, and hops farmers are an essential part of the American economy and foundational to our business,” said Nicholas Fink, President and Chief Executive Officer of Constellation Brands. “Their work supports communities, drives economic activity across the supply chain, and makes it possible for our products to reach consumers across the country. We have deep respect for the persistence and expertise of these growers, especially after several challenging years for American farming, and we remain committed to continuing to support this foundational part of our supply chain.”
Constellation Brands already invests more than $750 million annually with American farmers and suppliers, including purchasing approximately 80% of all U.S. barley exports. This commitment is part of the company’s broader economic impact in the U.S., where it invests more than $4.2 billion annually in employee wages, capital expenditures, and U.S. taxes. The company’s operations also support more than 100,000 American jobs across its supply chain.
As part of this initiative, Constellation Brands will partner with growers and agricultural partners to determine how its investment can help support farm resiliency, market access, sustainability, and the continued economic vitality of farming communities in key producing states.
"Idaho is proud to be one of the top barley-producing states in the nation, and this investment from Constellation Brands is great news for our farmers and rural communities. Our growers work hard every day to supply the barley that fuels a critical American industry. This kind of long-term partnership recognizes their contribution to Idaho and the U.S. economy,” said Idaho Governor Brad Little (R-ID).
“North Dakota has a long and proud history as a barley-growing powerhouse, and we appreciate Constellation Brands investing in our farmers so they can continue to play a pivotal role in the U.S. beverage industry well into the future,” said North Dakota Governor Kelly Armstrong (R-ND).
“Idaho is the nation’s leading producer of barley, and it is an important part of our state’s agricultural economy. An investment in Idaho barley is an investment in thousands of Idaho jobs and a commitment to American-grown crops. I commend this good news for Gem State growers,” said Idaho Senator Mike Crapo (R-ID).
"Idaho's barley farmers are an important anchor in our agricultural economy and communities. This investment will support jobs and keep costs low for farmers across the Gem State as they help to feed the world,” said Idaho Senator Jim Risch (R-ID).
"Montana's barley farmers are the backbone of our agricultural economy. This announcement comes at a critical time for our growers, and it shows what's possible when American companies invest in American farmers. I appreciate Constellation Brands' commitment to Montana and the Trump administration's continued focus on strengthening U.S. agriculture,” said Montana Governor Greg Gianforte (R-MT).
"Ag is Montana’s top industry, and the hard work of our farmers and ranchers puts food on the table for millions of families across the country and around the world. The future of Montana relies heavily on our ag community, and investments like this will be critical to protect and promote Montana agriculture,” said Montana Senator Steve Daines (R-MT).
“Montana’s farmers feed America, support good-paying jobs, and keep our rural communities strong. This investment is a major vote of confidence in Montana barley growers and will help family farms stay competitive and pass their operations on to the next generation. I’m proud to see Constellation Brands doubling down on Montana agriculture,” said Montana Senator Tim Sheehy (R-MT).
“North Dakota is a leading producer of barley, with our farmers producing more than 28 million bushels last year. We appreciate this $100 million, five-year investment in North Dakota and the surrounding states’ barley industries. Our barley production is integral to the U.S. brewing industry and this investment will benefit both of these important industries,” said North Dakota Senator John Hoeven (R-ND), Chairman of the Senate Agriculture Appropriations Committee.
“North Dakota is a leader in American barley and corn production, and today’s announcement from Constellation Brands is a long-term investment in the farmers who make that success possible. Our grain growers strengthen our national agricultural economy and supply chains, and they deserve the support to keep their farms resilient and sustainable,” said North Dakota Senator Kevin Cramer (R-ND).
“Montana's farmers are the best in the world, and they deserve strong partners who are willing to invest in their future. I appreciate Constellation Brands’ continued commitment to Montana barley growers. Investments like this strengthen our agricultural economy and create more certainty for the producers who keep it moving,” said Montana Congressman Troy Downing (R-MT).
“Thank you to Constellation for their recognition of and investment in Montana agriculture. Montana farmers grow some of the best products available. This expansion will build on the already strong ag economy and further strengthen our ag security. Bravo Zulu to all,” said Montana Congressman Ryan Zinke (R-MT).
“I’m thrilled to see the $100 million investment supporting American barley farmers and strengthening the supply chain. As the nation’s leading barley-producing state, Idaho growers are powering our economy. I’m excited to celebrate this great news with barley growers nationwide,” said Idaho Congressman Mike Simpson (R-ID).
“I’m thrilled to see Constellation Brands expanding its commitment to American agriculture through increased support for barley, hops, and corn farmers across Idaho, Montana, and North Dakota. Idaho is a leading producer of these vital crops, and this initiative will further strengthen our agricultural sector, give growers a greater voice, and support farming communities across our state,” said Idaho Congressman Russ Fulcher (R-ID).
“This announcement helps deliver exactly what our farmers are asking for: more local markets. North Dakota’s barley, corn, and hops growers are proud to produce a quality product that is used and enjoyed right here in our own country. This is very welcome news from Constellation Brands right as producers are harvesting their fields. Thank you,” said North Dakota Congresswoman Julie Fedorchak (R-ND).
“Constellation Brands current and future support for our agricultural community comes at a critical time. Our sustainable future depends on committed partners, innovative products and new markets for American farmed barley and wheat, inside and outside of the U.S. We appreciate the continued steadfast support of Constellation Brands in support of our growers and look forward to working with them and other great companies who support our future,” said the Idaho Barley Commission, Montana Wheat and Barley Committee, and the North Dakota Barley Council in a joint statement.
“Strong markets and committed end users are critical to the future of U.S. barley production. We welcome continued investment in American barley growers and appreciate Constellation Brands’ commitment to engaging producers as these initiatives are developed. Investments that expand opportunities for U.S. grown barley and strengthen our rural communities are important to the long-term success of our growers,” said the Montana Grain Growers.
ABOUT CONSTELLATION BRANDS
Constellation Brands (NYSE: STZ), a U.S. headquartered company, is a leading producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It's worth our dedication, hard work, and calculated risks to anticipate market trends and deliver for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what's next.
Every day, people reach for brands from our high-end, imported beer portfolio anchored by the iconic Corona Extra and Modelo Especial, a flavorful lineup of Modelo Cheladas, and favorites like Pacifico, and Victoria; our exceptional wine brands including The Prisoner Wine Company, Robert Mondavi Winery, Kim Crawford, Schrader Cellars, and Lingua Franca; and our craft spirits brands such as Mi CAMPO Tequila and High West Whiskey.
As an agriculture-based company, we strive to operate in a way that is sustainable and responsible. Our strategy is embedded into our business, and we focus on serving as good stewards of the environment, investing in our communities, and promoting responsible beverage alcohol consumption. We believe these aspirations in support of our longer-term business strategy allow us to contribute to a future that is truly Worth Reaching For.
To learn more, visit www.cbrands.com and follow us on LinkedIn and Instagram.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements. The word “expect” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These statements may relate to business strategy, future operations, prospects, plans, and objectives of management, including the amount, timing, beneficiaries, and results of the investment to support U.S. farmers and agricultural partners, including planned purchases, initiatives, and opportunities to help sustain farming operations, the company’s continuing commitment to U.S. farmers and American agriculture, the establishment and goals of Constellation’s Farmers Future grower-led advisory committee, and the role and contributions of U.S. farmers and agricultural partners in the U.S. beverage industry, as well as information concerning expected actions of third parties. All forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, such forward-looking statements.
The forward-looking statements are based on management’s current expectations and should not be construed in any manner as a guarantee that any of the events anticipated by the forward-looking statements will in fact occur or will occur on the timetable contemplated hereby. All forward-looking statements speak only as of the date of this news release and Constellation Brands does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
In addition to risks and uncertainties associated with ordinary business operations, the forward-looking statements contained in this news release are subject to other risks and uncertainties, including the accuracy of all projections and other factors and uncertainties disclosed from time-to-time in Constellation Brands’ filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended February 28, 2026, which could cause actual future performance to differ from current expectations.
A downloadable PDF copy of this news release can be found here:
http://ml.globenewswire.com/Resource/Download/fa769f6c-5589-4af2-b6c4-809d16979609
Constellation Brands ve 1. čtvrtletí fiskálního roku 2027 zvýšila tržby na 2,43 mld. USD, ale upravený EPS na 3,43 USD zaostal za odhady. Firma zároveň zvýšila celoroční výhled EPS.
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52-Week Range$126.45▼
$178.13Dividend Yield3.14%
P/E Ratio12.54
Price Target$167.89
Constellation Brands NYSE: STZ delivered its fiscal year 2027 Q1 report on June 30 with mixed results. Revenue of $2.43 billion beat expectations for $2.39 billion. However, Constellation missed the bottom line, reporting adjusted earnings per share (EPS) of $3.43, below expectations of $3.70.
However, the earnings figure was higher year over year (YOY). Plus, management raised its full-year reported EPS outlook to $11.50 to $12.20 and reaffirmed comparable guidance of $11.20 to $11.90. At the midpoint, the reported EPS would be 23% higher YOY.
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That hasn’t done much to satisfy investors. As of the market close on July 8, STZ continues to trade near multi-year lows around $130, keeping shares below their 200-day moving average of roughly $146, and the stock's MACD remains in negative territory.
When it comes to earnings reports, investors often pay too much attention to what the company did and not enough to its future outlook. In the case of Constellation Brands, that’s a disconnect that’s worth examining. Particularly, as STZ is trading approximately 29% below the analysts’ consensus price target of $167.89.
Constellation's Beer Business Continues to Drive GrowthConstellation's beer segment, anchored by Modelo Especial and Corona Extra, grew net sales 2% on a 1.8% increase in shipment volumes. Operating margin held roughly flat at 39%. Depletions, a measure of what's actually moving off store shelves, dipped by a modest 0.3%. The company remained the top dollar-share gainer in the U.S. beer category during the quarter, with five of the 15 top share-gaining brands nationally.
Wine and Spirits told a more complicated story. Reported net sales fell 47%, but that decline is almost entirely a function of last year's divestiture of a large chunk of the mainstream wine portfolio. Strip that out, and organic net sales actually grew 8%, with depletions up 6.6%. The Kim Crawford brand’s depletions grew by roughly 4%, while Mi CAMPO Tequila surged 62%. The segment's operating loss narrowed sharply, improving 140 basis points to a margin of negative 0.7%.
Constellation Challenges the GLP-1 Bear CaseOverall MarketRank™98th Percentile
Analyst RatingHold
Upside/Downside29.2% Upside
Short Interest LevelHealthy
Dividend StrengthStrong
News Sentiment0.18 Insider TradingSelling Shares
Proj. Earnings Growth3.47%
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A popular bear thesis for beer and wine stocks holds that GLP-1 weight-loss drugs are suppressing overall drinking. Constellation's numbers argue against that story, at least for now. If GLP-1 adoption were driving a broad pullback in alcohol consumption, beer volumes should be falling alongside wine and spirits. Instead, beer shipments grew, and organic sales and depletions for wine and spirits both increased.
This suggests that Constellation Brands is adjusting to the changing tastes of consumers. That's different from a company stuck in a doom loop of declining consumer demand.
What shows up in the numbers is lower pressure on the income ladder. Management described a "discerning and value-conscious consumer mindset," particularly among lower-income households, as gas prices rose more than 50% nationally during the quarter.
That's the K-shaped economy playing out in real time: a bifurcated consumer base, with higher-end brands with strong equity, like Modelo and Kim Crawford, continuing to find buyers even as lower-income households pull back elsewhere.
Constellation Rewards Shareholders With Buybacks and DividendsConstellation returned over $400 million to shareholders during the quarter. That was split between $324 million in year-to-date share repurchases and a quarterly dividend of $1.03 per share. Management is targeting a comparable net leverage ratio of approximately 3x while continuing to fund the construction of a third brewery in Veracruz, Mexico. Operating cash flow rose 4% to $662 million, and free cash flow increased 9% to $485 million.
New CEO Nicholas Fink Outlines Constellation's Growth StrategyThis was the first earnings report with Nicholas Fink as President and Chief Executive Officer (CEO). Fink used the earnings commentary to lay out an occasion-based growth strategy. The plan centers on understanding when, where, and why consumers choose specific brands, rather than treating growth purely as a distribution or pricing exercise.
Fink singled out Modelo Especial's continued distribution runway and relatively low brand awareness as a specific opportunity, alongside continued investment in fast-growing Pacifico and Mi CAMPO.
Constellation Stock Offers Value for Patient InvestorsAt roughly 11x, Constellation trades at a discount that looks reasonable for a defensive consumer name with a dominant beer franchise and an improving wine-and-spirits business. The stock's continued technical weakness suggests the market hasn't fully priced in the operating improvement yet.
To be fair, risks remain. Wine and Spirits still operates near breakeven, tariff exposure on agricultural inputs is an ongoing concern the company flags directly in its filings, and the broader beverage alcohol category faces real questions about long-term consumption trends.
But this quarter's results suggest the pressure so far is more about consumer selectivity than a structural retreat from alcohol altogether. For patient investors, Constellation's combination of earnings growth, aggressive capital returns, and a still-skeptical stock chart is worth watching closely.
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Constellation Brands v 1. čtvrtletí zvýšila tržby z piva o 2 % na 2,28 miliardy USD a hrubá marže stoupla na 54,3 %. Segment vína a destilátů zůstal slabý, když tržby meziročně klesly o 47 %.
Key Takeaways STZ's beer business continued to drive results with higher sales, pricing gains and resilient shipment growth.Constellation Brands generated strong cash flow while continuing share repurchases and dividend payments. STZ expects fiscal 2027 enterprise organic net sales to range from a 1% decline to a 1% increase. Constellation Brands (STZ - Free Report) sits at the center of two important alcohol trends. Beer demand is still carrying the business, while wine and spirits remain in reset mode after portfolio actions.
The question for investors is whether premium brands and cost savings can offset uneven consumer spending, tariffs and higher marketing needs. The latest numbers show both resilience and pressure.
Beer Demand Remains the Main SignalBeer remains the clearest source of operating strength for Constellation Brands. In first-quarter fiscal 2027, beer net sales increased 2% to $2.28 billion, supported by $40.7 million of shipment volume growth and $17.6 million of pricing gains. Shipments rose 1.8%, while depletions slipped 0.3% in a volatile consumer backdrop.
The brand mix still matters. Modelo Especial and Corona Extra faced declines, but Pacifico, Victoria and Modelo Chelada delivered gains that helped support the portfolio. Management continues to emphasize consumer insights, occasion-based marketing and disciplined investment as it works to keep scaled brands relevant.
Anheuser-Busch InBev SA/NV (BUD - Free Report) provides a useful beer benchmark because it also competes through a broad global portfolio and event-driven marketing. Its presence highlights how large brewers are pushing premium, non-alcoholic and occasion-led offerings to defend share.
Margins Reflect Relief and New Cost PressuresConstellation Brands’ margin story is not one-dimensional. Consolidated gross profit as a percentage of net sales rose to 54.3% in the first quarter from 50.4% a year earlier. Comparable operating income increased to $834.2 million from $809.9 million.
Beer operating margin was 39.0%, nearly flat with 39.1% in the prior-year period. Fixed cost absorption and pricing helped, but higher materials costs, tariffs, unfavorable product mix and marketing spending limited expansion. Tariffs tied largely to aluminum imports totaled $13.0 million, and marketing as a percentage of beer net sales is expected to rise above 10% in the second and third quarters to support major sports activations.
Wine and Spirits Remain a DragThe Wine and Spirits segment shows why Constellation’s alcohol exposure is still uneven. Segment net sales fell 47% year over year to $149.2 million in the first quarter, mainly because $142 million of sales from the 2025 Wine Divestitures were no longer in the business.
The organic view was better, with wine and spirits organic net sales up 8%, organic shipments up 7.7% and depletions up 6.6%. Still, the segment reported a comparable operating loss of $1.1 million, and fiscal 2027 organic net sales are expected to range from down 1% to up 1%. Diageo plc (DEO - Free Report) , with its large spirits, beer and wine portfolio, remains a relevant peer for investors tracking premiumization and pressure across global beverage alcohol.
Cash Flow and Capital Returns Add SupportConstellation Brands continues to generate cash while funding brand investment, brewery projects and capital returns. Net cash provided by operating activities was $661.8 million in the first quarter, compared with $637.2 million in the prior-year period.
The company repurchased 1.5 million Class A shares for $223.8 million during the quarter and another 714,387 shares for $100 million after quarter end. As of June 26, 2026, $2.75 billion remained available for future repurchases. The board also declared a quarterly dividend of $1.03 per Class A share.
What Should Investors do With STZ Now?The bottom line is that STZ is tracking the right alcohol themes in premium beer, non-alcohol offerings and portfolio reshaping, but the near-term setup is constrained by soft consumer demand and margin pressure. Fiscal 2027 guidance still calls for enterprise organic net sales growth in a range of down 1% to up 1%, underscoring limited visibility.
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STZ currently carries a Zacks Rank #4 (Sell). That rank signals pressure from earnings estimate trends, so investors may want to be selective despite the company’s brand strength and cash generation.
The stock has a Value Score of B, Growth Score of C, Momentum Score of B and VGM Score of B. The B grades show favorable value and momentum characteristics, but Style Scores are designed to complement the Zacks Rank, not override it. For now, STZ looks like a stock with solid assets but a cautious earnings setup.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Constellation Brands oznámila upravený zisk 3,43 USD na akcii, nad odhadem 3,25 USD, a Jim Cramer po poklesu akcií říká, že je to „steal“. Tržby v pivním byznysu podpořil růst dodávek o 1,8 %.
Spotting a Bottom in BeerConstellation Brands recently reported fiscal first-quarter adjusted earnings of $3.43 per share, topping Wall Street expectations of $3.25. The beat was driven by 1.8% shipment growth and strong margins in its core beer business, which includes hit brands like Modelo Especial and Corona Extra.
Cramer, however, views the sell-off as a drastic overreaction. While acknowledging the recent negative sentiment around spirits, he argued that Constellation’s latest report “was one of the first that even remotely smacked of a bottom, especially in beer.”
“I think there was enough here to say that we got a bottom in earnings,” Cramer noted. Pointing to the severity of the market’s reaction, he added, “but this historic thin trader fell nearly $7 today, 130 and change.”
Capitalizing on Collateral DamageWith the stock’s valuation compressed, Cramer is explicitly bullish on the Corona and Modelo maker. “I think it’s a steal down here,” Cramer emphasized, contrasting the current valuation with past highs.
Cramer quickly dismissed this headwind, stating, “And no, I am not worried about World Cup sales being down because Mexico lost in the World Cup. Hey, by the way, that defeat is now in the stock today.”
Ultimately, Cramer views Constellation Brands as “collateral damage” in a broader market rotation, calling it a “great place to do some buying.”
How Has STZ Performed In 2026?Constellation Brands shares have declined 5.28% year-to-date, 7.26% over the last month, and 24.16% over the year. It closed 4.94% lower at $130.68 apiece on Monday, and it was up 0.24% in overnight trading.
Benzinga’s Edge Stock Rankings indicate that STZ maintains a weak price trend in the long, short, and medium terms, with a good growth score.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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STZ vytvořil Death Cross, když 50denní klouzavý průměr klesl pod 200denní. Berkshire Hathaway mezitím snížila podíl v Constellation Brands zhruba o 95 %.
Shares of the Modelo and Corona maker have formed a Death Cross. The STZ stock saw its 50-day moving average slip below the 200-day moving average, a pattern technical traders often interpret as confirmation that longer-term downside momentum is taking hold.
Strong Quarter, Weak ReactionConstellation reported fiscal first-quarter adjusted earnings of $3.43 per share on $2.43 billion in revenue, topping Wall Street expectations. Its beer business, which accounts for roughly 91% of net sales, remained the bright spot, with Modelo Especial and Corona continuing to gain market share and supporting healthy margins.
But investors looked beyond the headline beat.
Management maintained a cautious tone, citing an uneven consumer spending environment and reaffirmed an organic net sales growth outlook of between down 1% and up 1% for the full year. While reported EPS guidance moved higher, the muted revenue outlook suggested demand could remain choppy even as the company continues restructuring its wine and spirits portfolio.
The market’s response reflected those concerns, with STZ remaining under pressure despite the earnings beat.
STZ Stock Chart Turns BearishThe technical picture has now become harder to ignore.
STZ’s newly formed Death Cross signals that recent weakness has begun to outweigh its longer-term trend. The stock continues to trade below both its 50-day and 200-day moving averages, while momentum indicators remain tilted toward the bears after nearly a 20% decline over the past year.
For traders, the pattern doesn’t guarantee further downside, but it often reinforces negative sentiment when fundamentals are already in question.
Berkshire Was Already Heading for the ExitLong before the Death Cross appeared, Berkshire Hathaway had already made its move.
Under CEO Greg Abel, Berkshire slashed its Constellation Brands stake by roughly 95%, reducing its holding from about 13.4 million shares to just over 632,000 shares. What was once a multi-billion-dollar investment now represents only a tiny fraction of Berkshire’s equity portfolio.
The decision came even as Berkshire realized a substantial loss on the position, underscoring management’s willingness to reallocate capital rather than wait for a consumer recovery.
Constellation still boasts leading beer brands, strong cash generation, and an active shareholder return program. But the combination of cautious consumer spending, muted growth expectations, and a deteriorating technical setup suggests investors remain unconvinced that one earnings beat is enough to change the narrative.
With Berkshire already having largely moved on, the Death Cross may only reinforce the market’s wait-and-see approach.
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ROCHESTER, N.Y., June 30, 2026 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, reported today its first quarter fiscal 2027 financial results. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Nicholas Fink, and Chief Financial Officer, Garth Hankinson, on Wednesday, July 1, 2026 at 8:00 a.m. ET. Visit ir.cbrands.com to locate information for joining the conference call, or a live, listen-only webcast of the conference call.
ABOUT CONSTELLATION BRANDS
Constellation Brands (NYSE: STZ) is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It’s worth our dedication, hard work, and calculated risks to anticipate market trends and deliver for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what’s next.
Every day, people reach for brands from our high-end, imported beer portfolio anchored by the iconic Corona Extra and Modelo Especial, a flavorful lineup of Modelo Cheladas, and favorites like Pacifico, and Victoria; our exceptional wine brands including The Prisoner Wine Company, Robert Mondavi Winery, Kim Crawford, Schrader Cellars, and Lingua Franca; and our craft spirits brands such as Mi CAMPO Tequila and High West Whiskey.
As an agriculture-based company, we strive to operate in a way that is sustainable and responsible. Our ESG strategy is embedded into our business and we focus on serving as good stewards of the environment, investing in our communities, and promoting responsible beverage alcohol consumption. We believe these aspirations in support of our longer-term business strategy allow us to contribute to a future that is truly Worth Reaching For.
To learn more, visit www.cbrands.com and follow us on LinkedIn and Instagram.
A PDF containing our first quarter fiscal 2027 financial results and full financial tables is available at: http://ml.globenewswire.com/Resource/Download/46e744f1-3497-4d66-b70c-8da93fea1287
STZ stock is moving. Watch the price action here. Constellation Brands reported quarterly earnings of $3.43 per share, which beat the consensus estimate of $3.21 by 6.85%, according to Benzinga Pro data.
Quarterly revenue clocked in at $2.43 billion, which beat the Street estimate of $2.39 billion.
“I see significant runway to continue growing our leading brands with an even greater emphasis on
understanding consumer occasions and relevance — increasingly looking at our business through the lens of when, where and why consumers are choosing our brands,” said CEO Nicholas Fink.
“I believe Modelo Especial continues to have a significant opportunity ahead of it, supported by both distribution expansion and relatively low unaided awareness for a brand of its scale. With Corona Extra, we are focused on driving excitement and engagement with one of the highest brand equity and most loved brands in the industry,” Fink added.
Looking AheadConstellation Brands affirmed its fiscal year adjusted EPS guidance of $11.20 to $11.90, versus the $11.75 analyst estimate.
STZ Stock Price Activity: According to data from Benzinga Pro, Constellation Brands stock was up 2.09% to $142 in Tuesday’s extended trading.
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