Constellation Brands Forecasts FY27 EPS of $11.20–$11.90, Shares Drop 2%
Constellation Brands forecasted fiscal 2027 EPS of $11.20–$11.90, below the $12.44 analysts' consensus, sending shares down 2%. Fourth-quarter net sales fell 11% to $1.92 billion despite a 1.1% beer segment volume increase, while EPS beat expectations at $1.90 versus $1.68.
1. FY27 Guidance Disappoints
Constellation Brands projected fiscal 2027 EPS between $11.20 and $11.90, falling short of the $12.44 analysts' consensus and triggering a 2% decline in extended trading.
2. Fourth-Quarter Results Show Mixed Performance
Net sales for the quarter ended Feb. 28 declined 11% year-over-year to $1.92 billion, topping estimates by $80 million. The beer segment delivered a 1.1% shipment increase that lifted revenues over 1%, and adjusted EPS came in at $1.90 versus $1.68 expected.
3. Leadership Transition Underway
CEO Bill Newlands will retire next week and remain on the board, while director Nicholas Fink assumes the President and Chief Executive Officer role effective April 13, 2026, marking a new chapter in the company’s leadership.