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Constellation Brands, Inc. (STZ) stock

STZNYSEBeveragesFiscal year ends February 28
Financials through Q2 FY2027, quarter ended Aug 31, 2026Last filing: 10-Q on Oct 7, 2026Score 14/3039% below fair value
$135.33+4.98 (+3.82%)

Close on Oct 30, 2026Market cap $23.11BP/E –Yield –

Earnings

Constellation Brands's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Jan 6, 2027
Q3 FY2027 · estimated, after the close
Revenue, Q2 FY2027
–
Comparable EPS, Q2 FY2027
$3.74
Latest guidance
Raised
Oct 6, 2026 · 10 items

Quarterly results

Revenue and earnings per share from each of Constellation Brands's earnings releases, newest first

QuarterReportedRevenueYoYEPSAdj. EPSSource
Q3 FY2027ended Nov 30, 2026Jan 6, 2027Expected–––––
Q2 FY2027ended Aug 31, 2026Oct 6, 2026after the close––$3.32$3.74Release
Q1 FY2027ended May 31, 2026Jun 30, 2026after the close$2.43B-3.3%$3.79$3.43Release
Q4 FY2026ended Feb 28, 2026Apr 8, 2026after the close––––Release
Q3 FY2026ended Nov 30, 2025Jan 7, 2026after the close$2.22B-9.8%$2.88$3.06Release
Q2 FY2026ended Aug 31, 2025Sep 2, 2025before the open––––Release
Q1 FY2026ended May 31, 2025Jul 1, 2025after the close$2.52B-5.5%$2.90$3.22Release
Q4 FY2025ended Feb 28, 2025Apr 9, 2025after the close––––Release
Q3 FY2025ended Nov 30, 2024Jan 10, 2025before the open$2.46B-0.3%$3.39$3.25Release
Q2 FY2025ended Aug 31, 2024Sep 3, 2024before the open––––Release
Q1 FY2025ended May 31, 2024Jul 3, 2024before the open$2.66B+5.8%$4.78$3.57Release
Q4 FY2024ended Feb 29, 2024Apr 11, 2024before the open$2.14B+7.1%$2.14$2.26Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Constellation Brands's latest outlook for periods it has not reported yet, compared with what it said before

MetricPeriodGuidanceBeforeChangeGiven
Net sales (GAAP)GAAPFY2027$8.91B – $9.09B–NewJun 30, 2026
organic net sales growth (decline)non-GAAPFY2027-1% – +1%-1% – +1%ReaffirmedOct 6, 2026
Comparable operating income (Non-GAAP)non-GAAPFY2027$2.84B – $2.99B–NewJun 30, 2026
Operating income (GAAP)GAAPFY2027$2.83B – $2.98B–NewJun 30, 2026
comparable Enterprise operating marginnon-GAAPFY202732% – 33%32% – 33%ReaffirmedOct 6, 2026
reported Enterprise operating marginGAAPFY202731% – 32%32% – 33%LoweredOct 6, 2026
Forecasted EPS (GAAP)GAAPFY2027$11.85 – $12.55$11.50 – $12.20RaisedOct 6, 2026
comparable EPS outlooknon-GAAPFY2027$11.20 – $11.90$11.20 – $11.90ReaffirmedOct 6, 2026
free cash flownon-GAAPFY2027$1.60B – $1.70B$1.60B – $1.70BReaffirmedOct 6, 2026
Capital expendituresFY2027$800.00M$800.00MReaffirmedOct 6, 2026
Net cash provided by operating activities (GAAP)GAAPFY2027$2.40B – $2.50B–ReaffirmedJun 30, 2026
operating cash flowGAAPFY2027$2.40B – $2.50B–ReaffirmedOct 6, 2026
operating cash flow targetGAAPFY2027$2.40B – $2.50B–NewApr 8, 2026
Tax rate: comparablenon-GAAPFY202720%–NewOct 6, 2026
Tax rate: reportedGAAPFY202712%–NewOct 6, 2026
Tax rate: reported and comparableFY202720%–NewApr 8, 2026

Guidance history

Every forecast Constellation Brands put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
Oct 6, 2026Capital expendituresFY2027$800.00MReaffirmed
Oct 6, 2026comparable EPS outlookFY2027$11.20 – $11.90Reaffirmed
Oct 6, 2026Forecasted EPS (GAAP)FY2027$11.85 – $12.55Raised
Oct 6, 2026free cash flowFY2027$1.60B – $1.70BReaffirmed
Oct 6, 2026reported Enterprise operating marginFY202731% – 32%Lowered
Oct 6, 2026comparable Enterprise operating marginFY202732% – 33%Reaffirmed
Oct 6, 2026Tax rate: reportedFY202712%New
Oct 6, 2026Tax rate: comparableFY202720%New
Oct 6, 2026operating cash flowFY2027$2.40B – $2.50BReaffirmed
Oct 6, 2026organic net sales growth (decline)FY2027-1% – +1%Reaffirmed
Jun 30, 2026Purchase of property, plant, and equipmentFY2027$800.00MReaffirmed
Jun 30, 2026Forecasted comparable EPS (Non-GAAP)FY2027$11.20 – $11.90Reaffirmed
Jun 30, 2026Forecasted EPS (GAAP)FY2027$11.50 – $12.20Raised
Jun 30, 2026Free cash flow (Non-GAAP)FY2027$1.60B – $1.70BReaffirmed
Jun 30, 2026Operating income (GAAP)FY2027$2.83B – $2.98BNew
Jun 30, 2026Comparable operating income (Non-GAAP)FY2027$2.84B – $2.99BNew
Jun 30, 2026Operating margin (GAAP)FY202732% – 33%New
Jun 30, 2026Comparable operating margin (Non-GAAP)FY202732% – 33%New
Jun 30, 2026Net cash provided by operating activities (GAAP)FY2027$2.40B – $2.50BReaffirmed
Jun 30, 2026organic net sales growth (decline)FY2027-1% – +1%Reaffirmed

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases Constellation Brands filed with the SEC as exhibits to Form 8-K or 6-K

  1. Delivers EPS Growth Driven by Net Sales and Business Division Operating Income Growth
    Results
  2. CONSTELLATION BRANDS ANNOUNCES ACQUISITION OF
    Results
  3. CONSTELLATION BRANDS ANNOUNCES DELIVERY OF
    Update
  4. Delivers EPS Growth Driven by Improved Net Sales and Operating Income Performance
    Results
  5. To learn more, visit www.cbrands.com and follow us on LinkedIn and Instagram .
    Update
  6. CONSTELLATION BRANDS ANNOUNCES DELIVERY OF
    Update
  7. Maggie Bowman 213-500-2401 / [email protected]
    Update
  8. Continues to Deliver Leading Share Gains in Beer Category Across U.S. Tracked Channels
    Results
  9. CONSTELLATION BRANDS ANNOUNCES CEO SUCCESSION PLAN
    Update
  10. Advances Strategic Priorities Amid Continued Challenging Operating Environment
    Results
  11. Amy Martin 585-678-7141 / [email protected]
    Update
  12. Continues to Execute Against Strategic Objectives in a Challenging Operating Environment
    Results
  13. CONSTELLATION BRANDS DECLARES QUARTERLY DIVIDEND
    Update
  14. CONSTELLATION BRANDS ANNOUNCES RETIREMENT OF
    Update
  15. CONSTELLATION BRANDS UPDATES FISCAL 2026 OUTLOOK
    Results