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Constellation Brands (STZ) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Oct 01, 2026

Before Open (Confirmed)

Period Ending

2027 (Q2)

Consensus EPS Forecast

3.61

Last Year’s EPS

3.63

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 18 Analysts Ratings

Earnings Call Summary

Q1 2027

Earnings Call Date:Jun 30, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call conveyed a balanced view: management emphasized the underlying strength of the brand portfolio, early signs of demand reacceleration (notably June and World Cup-related occasions), margin benefits from fixed-cost absorption and cost savings, and strategic moves such as senior sales hiring and targeted innovation (Corona non-alc, RTD/Chelada). Offsetting this optimism were material near-term headwinds — volatile consumer spending driven by a sharp gas-price shock, continued softness in core brands (Modelo Especial and Corona Extra), sub-2% volume growth, expected SG&A and marketing-driven margin pressure in Q2/Q3, currency headwinds and regional/Hispanic consumer weakness. Given the mix of encouraging portfolio and margin elements versus meaningful macro and brand-specific challenges, the tone is cautiously constructive but guarded.

Company Guidance

Management maintained FY‑27 beer net‑sales guidance while noting Q1 shipment growth of ~1.8% and a beer gross margin of 39%; Q1 benefited roughly +30 bps from fixed‑overabsorption, ~+20 bps from pricing net of mix and cost‑savings, offset by ~‑30 bps of currency/other COGS, yielding ~+20 bps gross‑margin expansion but a ~‑10 bps decline in operating margin (including ~+20 bps SG&A from Veracruz hires and ~‑10 bps from incremental marketing). Looking ahead, they still expect gross margins to be strong in Q2 and Q3 but anticipate incremental operating‑margin headwinds as marketing is increased (marketing spend expected to exceed 10% of net sales in both Q2 and Q3) and SG&A steps up; shipments and depletions should align by year‑end after Q1’s seasonal ahead‑shipping, and management cited macro volatility (e.g., prior gas spikes of ~40–70% in key states) and limited visibility as reasons for caution.

Portfolio Strength and Management Confidence

New CEO highlighted enduring strength of core brands (Modelo, Corona, Pacifico, Kim Crawford, Mi CAMPO) and confidence in the company's ability to create demand and scale brands through consumer insights, commercial execution and disciplined investment.

Corona Non-Alcohol: Strong Double-Digit Growth

Corona non-alcohol is growing in strong double digits and has reached #4 in the non-alcohol category — cited as an example of successful white-space expansion and test-and-learn capabilities.

Shipment Growth and Beer Gross Margin Performance

Shipments grew ~1.8% in the quarter and beer gross margin was reported at 39%. Drivers included ~30 basis points benefit from fixed-cost overabsorption (higher shipments), progress on cost savings, and ~20 basis points of pricing/mix favorability.

Early June Reacceleration and Event-Driven Lift

Management noted a modest reacceleration in June (Circana data encouraging) and incremental on-premise and consumption lift from World Cup and major events, suggesting demand improvement as some headwinds eased.

Strategic Investments and Talent Additions

Company is increasing marketing investment (focused around World Cup, College Football, NFL) and added Jack Edwards as Head of Sales to sharpen field execution. Company highlighted its RTD/Chelada innovation (Chelada would be the third largest RTD if measured that way).

Disciplined Capital Allocation and Prudence

Management maintained FY'27 beer net sales guidance despite a strong quarter, signaling disciplined and cautious planning given macro uncertainty; emphasized focus on RGM, pack architecture and targeted occasion-driven marketing.

Constellation Brands (STZ) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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STZ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 01, 2026	2027 (Q2)	3.61 / -	3.63	―	―	―
Jun 30, 2026	2027 (Q1)	3.19 / 3.43	3.22	6.52% (+0.21)	―
Apr 08, 2026	2026 (Q4)	1.72 / 1.90	2.63	-27.76% (-0.73)	―
Jan 07, 2026	2026 (Q3)	2.63 / 3.06	3.25	-5.85% (-0.19)
Oct 06, 2025	2026 (Q2)	3.38 / 3.63	4.32	-15.97% (-0.69)
Jul 01, 2025	2026 (Q1)	3.31 / 3.22	3.57	-9.80% (-0.35)
Apr 09, 2025	2025 (Q4)	2.27 / 2.63	2.26	16.37% (+0.37)
Jan 10, 2025	2025 (Q3)	3.31 / 3.25	3.19	1.88% (+0.06)
Oct 03, 2024	2025 (Q2)	4.08 / 4.32	3.7	16.76% (+0.62)
Jul 03, 2024	2025 (Q1)	3.46 / 3.57	2.91	22.68% (+0.66)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

STZ Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 30, 2026	$139.09	$136.88	-1.59%
Apr 08, 2026	$149.26	$161.99	+8.53%
Jan 07, 2026	$138.66	$146.03	+5.32%
Oct 06, 2025	$135.83	$137.23	+1.03%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.