Constellation Brands, Inc. (STZ) Earnings Call Transcripts

Constellation Brands, Inc.'s Latest Earnings Call - Q1 FY2027

In the first quarter of Fiscal Year 2027, Constellation Brands reported revenue of $2.1 billion, reflecting a 1.8% year-over-year increase, while earnings per share (EPS) came in at $1.25, slightly above expectations. Management maintained its full-year beer net sales guidance despite a strong start, citing ongoing macroeconomic uncertainties, particularly among Hispanic consumers. The company highlighted its strong brand portfolio and the potential for growth in emerging categories, particularly non-alcoholic options, while acknowledging challenges with key brands like Corona and Modelo.

Reported metrics

Guidance from management

Management maintained its full-year beer net sales guidance, citing ongoing macroeconomic uncertainties, particularly among Hispanic consumers. They expect to see continued growth in non-alcoholic segments.

What management said

Yes. Just to start on that, let me just say that, on a full year basis, we would expect, as we always do, that shipments and depletions would align with one another -- very closely with one another. In Q1, which is typical for us in every fiscal year. We ship ahead of depletions to support the key summer selling season, so that's fairly typical. Then as we move through the year, we will see some of that become more i...

What analysts pressed on

Analysts expressed concerns regarding the sluggish performance of key brands like Corona and Modelo, questioning the sustainability of growth amid macroeconomic pressures. There were also inquiries about the potential impact of rising gas prices on consumer spending.

Main topics on the call

• Revenue Growth — Constellation Brands reported Q1 revenue of $2.1 billion, a 1.8% increase year-over-year. CEO Nick Fink noted, "We have exceptional brands, outstanding people and a set of capabilities that position us well for the futur...
• Brand Performance Challenges — Management acknowledged ongoing challenges with key brands, particularly Corona Extra and Modelo Especial, stating that "there is still room to grow" for Modelo. The focus will be on enhancing brand saliency and relevanc...
• Consumer Behavior Insights — Fink emphasized the importance of understanding consumer behavior, stating, "The better we understand consumers and emerging trends, the better position we will be to allocate resources." This insight will guide future m...
• Guidance Maintenance — Despite a solid start, management maintained its full-year beer net sales guidance, citing "limited visibility" due to macroeconomic factors, particularly rising gas prices affecting consumer spending.

Read the full Constellation Brands, Inc. transcript (Q1 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 46 Constellation Brands, Inc. earnings call transcripts on record, spanning January 8, 2020 to July 1, 2026. Based on this history, Constellation Brands, Inc. reports quarterly. The most recent call on file is dated July 1, 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

46

First call

January 8, 2020

Most recent

July 1, 2026

Reporting cadence

quarterly