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Constellation Brands (STZ)
NYSE:STZ
Earnings Data
Report Date
Apr 02, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
1.68Last Year’s EPS
2.63Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced picture: clear brand and distribution successes (strong Q3 margins, Pacifico progress, mid-single-digit distribution gains, pricing execution and depletions that ran ahead of some expectations) offset by persistent volume pressure, macro-driven weakness among Hispanic consumers, tariff and aluminum cost headwinds, and near-term Q4 margin pressures (seasonality, depreciation timing and timing of tariff expense). Management is controlling the controllables and progressing on capacity and cost savings, but significant macro uncertainty and committed CapEx/long-lead equipment leave downside risks that will be re-evaluated in April.Company Guidance
Q3 Beer Operating Margins Beat Expectations
Q3 beer operating margins came in stronger than expected due to cost-savings initiatives, favorable pricing actions (spring and fall), and a depreciation timing benefit in Q3 that was favorable year-over-year.
Brand Momentum — Pacifico and Portfolio Strength
Pacifico continues to scale (now #2 in California), skews younger, is #1 in social share of voice and gained 1.5 points in on-premise; company cites strong brand health across Modelo, Victoria, Corona Sunbrew and Corona NA.
Distribution Gains
Beer portfolio delivered mid-single-digit distribution growth in the quarter and gained share in 49 of 50 states, with continued opportunity (e.g., Modelo still has ~20% fewer PODs than some domestic competitors).
Depletions and December Performance
Depletions finished roughly in line with management expectations for December; off-premise depletions were noted as down ~2.9% in the quarter but ran ahead of Nielsen/Circana expectations. Full-year depletions were described as roughly down 2.5%–3%.
Pricing and Price Pack Architecture
Pricing in the quarter was ~1.5% with management reaffirming a target range of 1%–2% pricing going forward. Tactical price adjustments (e.g., Modelo Oro and Corona Premier) have improved trends, and new price pack architecture (including 7-oz packs) has been deployed to meet consumer needs.
Progress on Capacity Build and CapEx Plan
Company reiterated plan for ~7 million additional hectoliters of capacity through fiscal 2028 and is pursuing a modular brewery build approach; commitments on long-lead equipment have been made but management noted they will monitor and defer where possible.
STZ Earnings History
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 |
|---|---|---|---|
Jan 07, 2026 | $140.49 | $147.96 | +5.32% |
Oct 06, 2025 | $137.63 | $139.05 | +1.03% |
Jul 01, 2025 | $164.17 | $171.52 | +4.48% |
Apr 09, 2025 | $179.92 | $181.25 | +0.74% |
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.
FAQ
When does Constellation Brands (STZ) report earnings?
Constellation Brands (STZ) is schdueled to report earning on Apr 02, 2026, Before Open (Confirmed).
What is Constellation Brands (STZ) earnings time?
Constellation Brands (STZ) earnings time is at Apr 02, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is STZ EPS forecast?
STZ EPS forecast for the fiscal quarter 2026 (Q4) is 1.68.
