Constellation Brands management commentary: Q2 FY2027 net sales rise 6% on Beer, Wine & Spirits growth

PUBT · 1d ago
Constellation Brands management commentary: Q2 FY2027 net sales rise 6% on Beer, Wine & Spirits growth
  • Constellation Brands management commentary said Q2 fiscal 2027 net sales rose 6%, comparable operating income rose 1%, comparable EPS rose 3% to $3.74.
  • Beer net sales rose over 5% on 5.5% shipment volume growth; pricing net of mix roughly flat amid selective market-by-market pricing.
  • Beer operating margin fell 160 basis points to 39.0% as higher marketing and SG&A outweighed lower tariff expense, favorable fixed-cost absorption.
  • Wine and spirits net sales rose 17% on 15.4% shipment growth; depletions rose 10.2% led by Kim Crawford, Mi CAMPO.
  • Outlook unchanged: comparable EPS $11.20-$11.90; operating cash flow $2.4-$2.5 billion; free cash flow $1.6-$1.7 billion.


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