Constellation Brands (STZ) Q4 2026 Earnings

Constellation BrandsThe U.S. maker of Modelo and Corona on Wednesday withdrew its previously issued fiscal 2028 outlook and said demand had weakened slightly as consumers navigate a rapidly evolving macro environment.

The company said the momentum in its beer, wine and spirits businesses in the fourth quarter was encouraging, but the broader environment pointed to continued uncertainty. Constellation Brands has previously appointed Nicholas Fink has been appointed as the new CEO, effective April 13.

“Given the evolving socioeconomic environment and limited near-term visibility, we expect the operating environment to remain dynamic,” the company said in a statement. he said.

Shares of Constellation Brands were down slightly in extended trading.

Still, the company beat Wall Street expectations in the fourth quarter and overall results for the fiscal year.

Here’s how the company performed in the fourth quarter compared to Wall Street expectations, according to a survey of analysts conducted by LSEG:

• Earnings per share: $1.90 per share, expected $1.72 per share
• Revenues: 1.92 billion dollars, while the expectation was 1.88 billion dollars

In the fourth quarter, the company reported a net profit of $224.7 million, compared to a loss of $370.6 million in the previous year.

The company said its beer business remains one of the biggest sources of growth, but its overall net sales for fiscal 2026 are down 3%.

The company said it expects earnings per share to be between $11.20 and $11.90 for fiscal 2027, compared to estimates of $12.36 per share. Constellation Brands said spending behavior in its alcohol categories had become more “deliberate” due to wider economic uncertainty, with overall demand in its categories remaining “subdued” for much of the year.

“Despite the dynamic operating environment in fiscal 2026, we continued to focus on the factors within our control and executed them with discipline,” CEO Bill Newlands said in a statement.