The firm posted adjusted earnings of $3.43 per share for the latest quarter, topping analyst expectations of $3.21 per share with year-over-year growth of 6.5 percent.
Quarterly revenue reached $2.43 billion, exceeding analyst estimates of $2.39 billion despite a 3.6 percent year-over-year decline.
In the first quarter, the Beer Business achieved a 2% increase in both net sales and operating income, maintaining its position as the leader in dollar share gains. It surpassed the overall beer category by nearly 3 percentage points in year-over-year dollar sales within Circana U.S. tracked channels.
Conversely, the Wine and Spirits Business experienced a 47% decline in net sales for the first quarter. However, it reported organic net sales growth of 8% and depletions growth of 6.6%, outperforming the total wine and spirits category in both dollar and volume sales across Circana U.S. tracked channels.
Nicholas Fink, President & CEO, said, “Our portfolio continues to benefit from the strength of our brands, disciplined commercial execution, and our ability to connect with consumers across a broad range of occasions. Despite a discerning and value-conscious consumer environment, we grew Enterprise organic net sales and gained share during the first quarter of fiscal 2027.”
For the fiscal year 2027, Constellation Brands released forward earnings outlook at $11.20 to $11.90 per share, compared with analyst estimates of $11.75 per share.
