Constellation Brands, Inc. (STZ) Earnings Call Transcripts
Constellation Brands, Inc.'s Latest Earnings Call - Q2 FY2027
In the second quarter of Fiscal Year 2027, Constellation Brands reported strong results, with revenue and earnings exceeding expectations. The company reiterated its fiscal 2027 guidance for comparable EPS of $11.20 to $11.90 per share, indicating confidence in achieving the high end of this range due to positive trends observed in September. Notably, the beer segment outperformed, with Pacifico becoming a top 10 beer brand, contributing to the overall positive sentiment around the stock.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $2.5B (beat) |
| EPS | $3.00 (beat) |
| Operating Margin | 34.5% to 35.5% (positive) |
| Marketing Spend | 10% of net sales (positive) |
| Share Repurchases | $530M (positive) |
| Days on Hand | lower than long-term average (positive) |
Guidance from management
Management maintained its fiscal 2027 EPS guidance of $11.20 to $11.90 per share, indicating confidence in achieving the high end of this range if positive trends continue.
What management said
No, Nick. I mean, I think as you said, we feel good about how we've delivered the first half and Q2, and we are confident on where we sit for the rest of the year. As we look at Q2 and we think about had we not ship to the levels we did to rebuild inventories, if we hadn't done that, we still would have come in above our expectations for the quarter. And that's what gives us confidence that we're in a good position t...
Well, as we've said previously, and I think as you've all seen in our results, getting our capacity build behind us is frees up to focus on driving those sustainable efficiencies in our business as well as stepping up our free cash flow generation. As we've evolved from a builder to an operator, we've already generated significant savings in our results. And as Nick just mentioned, the $600 million since Investor Day...
What analysts pressed on
Analysts expressed concerns regarding inflation pressures and their potential impact on gross margins in the back half of the year. There were also questions about the sustainability of pricing strategies and the effectiveness of marketing investments.
Main topics on the call
- Revenue Growth Acceleration — Constellation Brands experienced significant revenue growth, particularly in its beer segment, which was described as 'accelerating meaningfully quarter-on-quarter.' Management noted, 'We were the #1 dollar share gainer ...
- Guidance Reiteration — Management reiterated its fiscal 2027 EPS guidance of $11.20 to $11.90 per share, with expectations to land at the high end if positive trends continue. CEO Nicholas Fink stated, 'We feel really good about the trajectory...
- Inventory Management — The company reported healthy inventory levels, having rebuilt distributor inventories effectively. Fink mentioned, 'Distributed inventories are now in a great position and they're actually still lower than historical ave...
- Marketing Investments — Increased marketing investments are yielding positive results, with management noting that marketing will be about 10% of net sales in the second half of the year. Fink remarked, 'We're seeing real green shoots from the ...
Read the full Constellation Brands, Inc. transcript (Q2 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Constellation Brands, Inc.
Constellation Brands, Inc. (STZ) is a publicly listed company in the Beverages industry, within the Consumer Staples sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 48 calls on record spanning January 8, 2020 to October 7, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 48 Constellation Brands, Inc. earnings call transcripts on record, spanning January 8, 2020 to October 7, 2026. Based on this history, Constellation Brands, Inc. reports quarterly. The most recent call on file is dated October 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- STZ
- Exchange
- NYSE
- Country
- US
- Sector
- Consumer Staples
- Industry
- Beverages
- Calls on record
- 48
- First call
- January 8, 2020
- Most recent
- October 7, 2026
- Reporting cadence
- quarterly