Constellation Brands Q2 sales beat; reaffirms FY adjusted profit outlook
STZ•Constellation Brands reported fiscal second-quarter sales of $2.63 billion and adjusted EPS of $3.74, beating analyst estimates of $2.54 billion and $3.56. It reaffirmed its FY2027 adjusted EPS outlook and expects net sales to range from down about 1% to up about 1%.
1. Quarterly results
Fiscal second-quarter net sales and adjusted EPS beat analyst expectations. Sales were $2.63 billion, compared with a $2.54 billion consensus estimate, while adjusted EPS was $3.74 versus $3.56 expected.
2. Outlook and sales drivers
Constellation reaffirmed its FY2027 adjusted earnings-per-share outlook and expects net sales to range from down about 1% to up about 1%. Beer portfolio net sales increased by over 5%, driven by Corona Extra and Modelo Especial, while wine and spirits net sales rose 17%, supported by shipment volume growth and slightly favorable pricing mix. The company repurchased $530 million of shares year-to-date through September 2026.
