Constellation Manufacturers Inc. (NYSE: STZ) reported its first quarter 2026 earnings outcomes.
Web gross sales had been $2.51 billion, down 6% on each a reported and natural foundation, in comparison with the prior-year quarter.
Reported web revenue attributable to CBI decreased 41% to $516 million and earnings per share decreased 39% to $2.90 in comparison with final yr. Comparable EPS was down 10% to $3.22 year-over-year.
Web gross sales within the Beer enterprise decreased 2% to $2.23 billion whereas Wine and Spirits phase gross sales fell 28% to $280.5 million YoY. Wine and Spirits natural gross sales had been down 21%.
For fiscal yr 2026, enterprise natural gross sales are anticipated to be down 2% to up 1% in comparison with the earlier yr. Reported EPS is predicted to vary between $12.07-12.37 whereas comparable EPS is predicted to be $12.60-12.90.
The Beer phase is predicted to see gross sales development of 0-3% in FY2026 whereas the Wine and Spirits phase is projected to see natural gross sales decline of 17-20%.
