The earnings call reflected a balanced sentiment with strong brand loyalty and product innovation as highlights, while macroeconomic uncertainties and tariff impacts posed challenges.

Company Guidance -

Q2 2026

During the Constellation Brands Q1 Fiscal Year 2026 earnings call, the company reaffirmed its full-year guidance for Beer revenue growth, projecting a return to depletion growth thanks to easier comps in the summer months. Despite industry pressures and a 20 basis point margin hit from increased aluminum tariffs, the company remains confident in its ability to maintain margins as outlined in April. This optimism is supported by high single-digit share gains, strong brand health measures, and strategic marketing investments, particularly in the Hispanic consumer segment. Additionally, the company's hedging strategy has mitigated peso volatility, while ongoing innovation initiatives and distribution efforts are expected to drive future growth.

Unchanged Beer Revenue and Margin Guidance

Despite industry weaknesses, Constellation Brands maintained its full-year beer revenue growth outlook and margin guidance. Sequential improvement is expected with easier comparisons in the coming quarters.

Strong Brand Loyalty and Health

Constellation Brands reported strong brand loyalty, particularly with the Hispanic consumer base, and robust brand health metrics, which remain as strong as ever.

New Product Developments

Several new products like Sunbrew and Oro have been introduced, with Sunbrew performing ahead of expectations. The company is also targeting new consumer demographics effectively.

Pacifico Brand Growth

Pacifico continues to be a strong growth driver, with 50% of its growth coming from outside California, indicating successful geographic expansion.

Constellation Brands (STZ) Earnings, Revenues Date & History

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STZ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 02, 2025	2026 (Q2)	4.05 / -	4.32	―	―	―
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)
Apr 11, 2024	2024 (Q4)	2.11 / 2.26	1.98	14.14% (+0.28)
Jan 05, 2024	2024 (Q3)	3.01 / 3.19	2.83	12.72% (+0.36)
Oct 05, 2023	2024 (Q2)	3.36 / 3.70	3.17	16.72% (+0.53)
Jun 30, 2023	2024 (Q1)	2.83 / 2.91	2.66	9.40% (+0.25)	―

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
Jul 01, 2025	$166.42	$173.87	+4.48%
Apr 09, 2025	$182.39	$183.74	+0.74%
Jan 10, 2025	$216.79	$179.74	-17.09%
Oct 03, 2024	$251.70	$239.86	-4.70%

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.