Constellation Brands Q4 Sales Rise 5.4% to $3.02B; Beer Revenue +8.1%
STZ•Constellation Brands reported fiscal fourth-quarter EPS of $4.33, beating consensus by $0.21, while net sales rose 5.4% to $3.02 billion. Beer segment revenue climbed 8.1% year-over-year on stronger Corona and Modelo shipments, offsetting a 2.3% decline in wine and spirits sales.
1. Earnings Beat and Revenue Growth
Constellation Brands delivered fiscal fourth-quarter EPS of $4.33, topping the $4.12 consensus, on net sales of $3.02 billion, up 5.4% year-over-year. Both top and bottom lines outperformed due to robust consumer demand and favorable pricing in key markets.
2. Beer Segment Performance
The beer business led the quarter, with segment revenue advancing 8.1% on higher volumes and pricing. Strong shipments of Corona and premium Modelo brands drove gains across North America and international markets.
3. Wine and Spirits Headwinds
Wine and spirits revenue declined 2.3% as promotional activity weighed on margins and select brand shipments softened. Management cited ongoing portfolio optimization to address underperforming labels.
4. Outlook and Strategic Priorities
Management signaled confidence in sustaining beer segment momentum and plans to accelerate innovation in ready-to-drink cocktails. No changes were announced to full-year fiscal 2026 guidance, which calls for mid-single-digit revenue growth.
