Constellation Brands surges after sales, earnings beat

Constellation Brands

09/04/2026 16:45

Updates stock activity

** Shares of Corona beer maker Constellation Brands STZ.N surge 7% to over one-month high of $160.73 on Thurs after results top Wall Street's expectations

** STZ stock on course for steepest daily pct advance since 7.3% gain on Apr 9, 2025, when broader markets rallied after President Trump paused "Liberation Day" tariffs

** Co late Weds reported smaller-than-expected decline in Q4 sales, supported by steady demand for its Mexican lagers such as Pacifico and Victoria

** STZ said lower prices and tighter marketing boosted demand for key beers such as Modelo Especial and Corona Sunbrew, even as broader U.S. alcohol demand remained subdued amid macro uncertainty

** It posted 11% drop in quarterly net sales to $1.92 billion, above analysts’ expectations of $1.88 billion, while adj EPS of $1.90 beat consensus by 18 cents

** Co said expects volatile operating environment and limited near-term visibility, prompting a withdrawal of its fiscal 2028 outlook

** 14 of 24 brokerages rate the stock "buy" or higher, 8 "hold" and 2 "sell"; median PT is $176 - data compiled by LSEG

** With move on Thurs, stock up ~16% YTD, outperforming ~9% rise in S&P 500 Consumer Staples .SPLRCS

(Reporting by Kanishka Ajmera in Bengaluru and Lance Tupper in New York)

((mail to: Kanishka.Ajmera@thomsonreuters.com))