Constellation Brands Reports Q2 Fiscal 2027 Earnings with Strong Sales Growth and Strategic Acquisitions
Constellation Brands (STZ) reported second-quarter fiscal year 2027 results, showing net sales of $2.63 billion, a 6% increase driven by volume growth in both the Beer and Wine & Spirits segments. Comparable earnings per share rose to $3.74, up 3%, reflecting improved operating performance despite margin pressures from increased marketing expenses. The Beer segment saw strong sales at $2.47 billion with a 5% rise due to higher shipment volumes but faced an operating margin decline of 160 basis points. The Wine & Spirits division experienced robust growth, with net sales up 17%, and its operating margin improved significantly from negative territory in the prior year. The company announced strategic moves including the $75 million acquisition of SpikedAde to enter the ready-to-drink spirits market and updated fiscal guidance for EPS between $11.20 and $11.90 per share, with confidence in reaching the upper end if current trends continue.
Tickers: $STZ
Topics: acquisition beer_sales financial_performance wine_and_spirits_growth