Constellation Brands Q2 sales beat; reaffirms FY adjusted profit outlook
Constellation Brands Q2 sales beat; reaffirms FY adjusted profit outlook
Overview
U.S. beverage alcohol producer's fiscal Q2 net sales rise, beat analyst expectations
Adjusted EPS for fiscal Q2 also beats analyst expectations
Company repurchased $530 million of shares year-to-date through September 2026
Outlook
Constellation Brands reaffirmed its FY2027 adjusted earnings per share outlook
Company expects net sales to range from down about 1% to up about 1%
Result Drivers
BEER PORTFOLIO - Net sales increased by over 5%, driven by strong performance from beer brands Corona Extra and Modelo Especial
WINE AND SPIRITS BRANDS - Net sales increased by 17%, driven by shipment volume growth and slightly favorable pricing mix
Company press release: ID:nGNX59kxKp
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Beat | $2.63 bln | $2.54 bln (16 Analysts) |
Q2 Adjusted EPS | Beat | $3.74 | $3.56 (18 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 8 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the brewers peer group is "hold."
Wall Street's median 12-month price target for Constellation Brands, Inc. is $163.00, about 43.9% above its October 5 closing price of $113.31
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 12 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)