Constellation Brands (STZ) official guidance
Constellation Brands (STZ) official earnings guidance and management outlook. Each figure management stated is shown with its revisions and the source quote.
See the full Filings Intelligence suiteSTZCONSTELLATION BRANDS, INC.FY2028
1 metric1 newearnings call · 23d
2026-10-07 13:29:36 UTC$75Mnew
When we do bring that online, the depreciation impact on an annualized basis will be about $75 million.
STZ · transcript · Q2 FY2027
2026-10-07 13:28:43 UTCOpen source
STZCONSTELLATION BRANDS, INC.FY2027 · ends 2027-02-28
1 metric1 maintainedearnings call · 23d
2026-10-07 13:29:36 UTC$11.2 – $11.9maintained
First, we are reiterating our fiscal 2027 guidance, including comparable EPS of $11.20 to $11.90 per share. If the positive September trends that we saw continue, we would expect to land at the high end of that range.
STZ · transcript · Q2 FY2027
2026-10-07 13:28:43 UTCOpen source
2026-10-06 20:20:27 UTC$11.2 – $11.9maintained
| Forecasted comparable EPS (Non-GAAP) (2) | $ | 11.20 | | $ | 11.90 | $ | 11.82 |
STZ · EX-99.1 · Q2 FY2027
2026-10-06 20:18:54 UTCOpen source
2026-06-30 20:10:32 UTC$11.2 – $11.9maintained
| Forecasted comparable EPS (Non-GAAP) (2) | $ | 11.20 | | $ | 11.90 |
STZ · EX-99.1 · Q1 FY2027
2026-06-30 20:08:55 UTCOpen source
2026-04-08 20:12:25 UTC$11.2 – $11.9new
•Issues fiscal 2027 reported EPS outlook of $11.10 - $11.80 and comparable EPS outlook of $11.20 - $11.90, as well as operating cash flow target of $2.4 - $2.5 billion and free cash flow target of $1.6 - $1.7 billion
STZ · EX-99.1 · Q4 FY2026
2026-04-08 20:10:51 UTCOpen source
STZCONSTELLATION BRANDS, INC.H4 FY2027 · ends 2027-02-28
1 metric1 newearnings call · 23d
2026-10-07 13:29:36 UTC10%new
From a marketing perspective, in the second half of the year, we expect marketing to be about 10% of net sales.
STZ · transcript · Q2 FY2027
2026-10-07 13:28:43 UTCOpen source
STZCONSTELLATION BRANDS, INC.Q3 FY2027 · ends 2026-11-30
1 metricearnings call · 23d
2026-10-07 13:29:36 UTCat least 11%
But in the third quarter, this will be above 11% as we continue to lean into our investments in Major League Baseball and in NCAA football.
STZ · transcript · Q2 FY2027
2026-10-07 13:28:43 UTCOpen source
2026-07-02 04:01:07 UTCat least 10%new
Keep in mind, we've increased our marketing spend expectations for the full year to drive incremental marketing investment, particularly around the World Cup and college football and the NFL. You'll see in Q2 and in Q3 a spike in marketing as a percent of net sales. As we said in our prepared remarks, that'll be over the 10% in those two quarters.
STZ · transcript · Q1 FY2027
2026-07-02 04:00:00 UTCOpen source
STZCONSTELLATION BRANDS, INC.H4 FY2027 · ends 2027-02-28
2 metrics2 newearnings call · 23d
2026-10-07 13:29:36 UTC7%new
We do expect to have a higher percent of SG&A in the second half of the year, as it was in our commentary. That should be around 7% in the second half of the year.
STZ · transcript · Q2 FY2027
2026-10-07 13:28:43 UTCOpen source
2026-10-07 13:29:36 UTC34.5% – 35.5%new
As you look at the second half of the year and our expectations for beer margins, we expect to come in in the second half at 34.5%-35.5% of operating margins.
STZ · transcript · Q2 FY2027
2026-10-07 13:28:43 UTCOpen source
STZCONSTELLATION BRANDS, INC.FY2027 · ends 2027-02-28
12 metrics1 raised3 lowered7 maintainedearnings call · 23d
2026-10-07 13:29:36 UTC99%
For the full year, we would expect ships and depletes to track within 99% of each other.
STZ · transcript · Q2 FY2027
2026-10-07 13:28:43 UTCOpen source
2026-07-02 04:01:07 UTCshipments and depletions would align with one another, very closely align with one anothernew
Yeah, just to start on that, let me just say that on a full year basis, we would expect, as we always do, that shipments and depletions would align with one another, very closely align with one another.
STZ · transcript · Q1 FY2027
2026-07-02 04:00:00 UTCOpen source
2026-10-06 20:20:27 UTC$800Mmaintained-8.6% vs FY2026
•Capital expenditures: ~$800 million
STZ · EX-99.1 · Q2 FY2027
2026-10-06 20:18:54 UTCOpen source
2026-06-30 20:10:32 UTC$800Mmaintained-8.6% vs FY2026
| Fiscal 2027 Guidance Assumptions: | | | •Enterprise: organic net sales growth (decline) of (1)% - 1% ◦Beer: net sales growth (decline) of (1)% - 1% ◦Wine and Spirits: organic net sales growth (decline) of (1)% - 1% •Enterprise operating margin: reported and comparable of 32% - 33% ◦Beer: operating margin of 37% - 38% ◦Wine and Spirits: operating margin of 5% - 6% | | | •Tax rate: reported ~17%; comparable ~20% •Operating cash flow: $2.4 - $2.5 billion •Capital expenditures: ~$800 million •Free cash flow: $1.6 - $1.7 billion | | |
STZ · EX-99.1 · Q1 FY2027
2026-06-30 20:08:55 UTCOpen source
2026-04-08 20:12:25 UTC$800Mnew
•Tax rate: reported and comparable ~20% •Operating cash flow: $2.4 - $2.5 billion •Capital expenditures: ~$800 million •Free cash flow: $1.6 - $1.7 billion
STZ · EX-99.1 · Q4 FY2026
2026-04-08 20:10:51 UTCOpen source
2026-10-06 20:20:27 UTC12%lowered -29.4%-1412 bps vs FY2026
•Tax rate: reported ~12%; comparable ~20%
STZ · EX-99.1 · Q2 FY2027
2026-10-06 20:18:54 UTCOpen source
2026-06-30 20:10:32 UTC17%lowered -15.0%-912 bps vs FY2026
| Fiscal 2027 Guidance Assumptions: | | | •Enterprise: organic net sales growth (decline) of (1)% - 1% ◦Beer: net sales growth (decline) of (1)% - 1% ◦Wine and Spirits: organic net sales growth (decline) of (1)% - 1% •Enterprise operating margin: reported and comparable of 32% - 33% ◦Beer: operating margin of 37% - 38% ◦Wine and Spirits: operating margin of 5% - 6% | | | •Tax rate: reported ~17%; comparable ~20% •Operating cash flow: $2.4 - $2.5 billion •Capital expenditures: ~$800 million •Free cash flow: $1.6 - $1.7 billion | | |
STZ · EX-99.1 · Q1 FY2027
2026-06-30 20:08:55 UTCOpen source
2026-04-08 20:12:25 UTC20%new
•Tax rate: reported and comparable ~20% •Operating cash flow: $2.4 - $2.5 billion •Capital expenditures: ~$800 million •Free cash flow: $1.6 - $1.7 billion
STZ · EX-99.1 · Q4 FY2026
2026-04-08 20:10:51 UTCOpen source
2026-10-06 20:20:27 UTC20%maintained
•Tax rate: reported ~12%; comparable ~20%
STZ · EX-99.1 · Q2 FY2027
2026-10-06 20:18:54 UTCOpen source
2026-06-30 20:10:32 UTC20%maintained
| Fiscal 2027 Guidance Assumptions: | | | •Enterprise: organic net sales growth (decline) of (1)% - 1% ◦Beer: net sales growth (decline) of (1)% - 1% ◦Wine and Spirits: organic net sales growth (decline) of (1)% - 1% •Enterprise operating margin: reported and comparable of 32% - 33% ◦Beer: operating margin of 37% - 38% ◦Wine and Spirits: operating margin of 5% - 6% | | | •Tax rate: reported ~17%; comparable ~20% •Operating cash flow: $2.4 - $2.5 billion •Capital expenditures: ~$800 million •Free cash flow: $1.6 - $1.7 billion | | |
STZ · EX-99.1 · Q1 FY2027
2026-06-30 20:08:55 UTCOpen source
2026-04-08 20:12:25 UTC20%new
•Tax rate: reported and comparable ~20% •Operating cash flow: $2.4 - $2.5 billion •Capital expenditures: ~$800 million •Free cash flow: $1.6 - $1.7 billion
STZ · EX-99.1 · Q4 FY2026
2026-04-08 20:10:51 UTCOpen source
2026-10-06 20:20:27 UTC$11.85 – $12.55raised +3.0%23.3% – 30.6% vs FY2026
| Forecasted EPS (GAAP) | $ | 11.85 | $ | 12.55 | $ | 9.61 |
STZ · EX-99.1 · Q2 FY2027
2026-10-06 20:18:54 UTCOpen source
2026-06-30 20:10:32 UTC$11.5 – $12.2raised +3.5%19.7% – 27% vs FY2026
| Forecasted EPS (GAAP) | $ | 11.50 | $ | 12.20 | $ | 9.61 |
STZ · EX-99.1 · Q1 FY2027
2026-06-30 20:08:55 UTCOpen source
2026-04-08 20:12:25 UTC$11.1 – $11.8new
•Issues fiscal 2027 reported EPS outlook of $11.10 - $11.80 and comparable EPS outlook of $11.20 - $11.90, as well as operating cash flow target of $2.4 - $2.5 billion and free cash flow target of $1.6 - $1.7 billion
STZ · EX-99.1 · Q4 FY2026
2026-04-08 20:10:51 UTCOpen source
2026-10-06 20:20:27 UTC$1.6B – $1.7Bmaintained
| Free cash flow (Non-GAAP) | $ | 1,600 | | $ | 1,700 |
STZ · EX-99.1 · Q2 FY2027
2026-10-06 20:18:54 UTCOpen source
2026-06-30 20:10:32 UTC$1.6B – $1.7Bmaintained
| Free cash flow (Non-GAAP) | $ | 1,600 | $ | 1,700 |
STZ · EX-99.1 · Q1 FY2027
2026-06-30 20:08:55 UTCOpen source
2026-04-08 20:12:25 UTC$1.6B – $1.7Bnew
•Issues fiscal 2027 reported EPS outlook of $11.10 - $11.80 and comparable EPS outlook of $11.20 - $11.90, as well as operating cash flow target of $2.4 - $2.5 billion and free cash flow target of $1.6 - $1.7 billion
STZ · EX-99.1 · Q4 FY2026
2026-04-08 20:10:51 UTCOpen source
2026-10-06 20:20:27 UTC$2.4B – $2.5Bmaintained-10.1% – -6.3% vs FY2026
•Operating cash flow: $2.4 - $2.5 billion
STZ · EX-99.1 · Q2 FY2027
2026-10-06 20:18:54 UTCOpen source
2026-06-30 20:10:32 UTC$2.4B – $2.5Bmaintained-10.1% – -6.3% vs FY2026
| Net cash provided by operating activities (GAAP) | $ | 2,400 | $ | 2,500 |
STZ · EX-99.1 · Q1 FY2027
2026-06-30 20:08:55 UTCOpen source
2026-04-08 20:12:25 UTC$2.4B – $2.5Bnew
•Tax rate: reported and comparable ~20% •Operating cash flow: $2.4 - $2.5 billion •Capital expenditures: ~$800 million •Free cash flow: $1.6 - $1.7 billion
STZ · EX-99.1 · Q4 FY2026
2026-04-08 20:10:51 UTCOpen source
2026-10-06 20:20:27 UTC$2.7B – $2.9Blowered -3.0%-4.1% – 1.1% vs FY2026
| Operating income (GAAP) | $ | 2,745 | | $ | 2,895 |
STZ · EX-99.1 · Q2 FY2027
2026-10-06 20:18:54 UTCOpen source
2026-06-30 20:10:32 UTC$2.8B – $3Braised +0.7%-1.1% – 4.2% vs FY2026
| Operating income (GAAP) | $ | 2,833 | | $ | 2,983 |
STZ · EX-99.1 · Q1 FY2027
2026-06-30 20:08:55 UTCOpen source
2026-04-08 20:12:25 UTC$2.8B – $3Bnew
| Operating income (GAAP) | $ | 2,814 | | $ | 2,964 | |
STZ · EX-99.1 · Q4 FY2026
2026-04-08 20:10:51 UTCOpen source
2026-10-06 20:20:27 UTC$2.8B – $3Bmaintained
| Comparable operating income (Non-GAAP) | $ | 2,835 | | $ | 2,985 |
STZ · EX-99.1 · Q2 FY2027
2026-10-06 20:18:54 UTCOpen source
2026-06-30 20:10:32 UTC$2.8B – $3Bmaintained
| Comparable operating income (Non-GAAP) | $ | 2,835 | | $ | 2,985 |
STZ · EX-99.1 · Q1 FY2027
2026-06-30 20:08:55 UTCOpen source
2026-04-08 20:12:25 UTC$2.8B – $3Bnew
| Comparable operating income (Non-GAAP) | $ | 2,835 | | $ | 2,985 | |
STZ · EX-99.1 · Q4 FY2026
2026-04-08 20:10:51 UTCOpen source
2026-10-06 20:20:27 UTC31% – 32%lowered -3.1%-33 bps – 67 bps vs FY2026
| Operating margin (GAAP) | 31 | | % | 32 | | % |
STZ · EX-99.1 · Q2 FY2027
2026-10-06 20:18:54 UTCOpen source
2026-06-30 20:10:32 UTC32% – 33%maintained67 bps – 167 bps vs FY2026
| Fiscal 2027 Guidance Assumptions: | | | •Enterprise: organic net sales growth (decline) of (1)% - 1% ◦Beer: net sales growth (decline) of (1)% - 1% ◦Wine and Spirits: organic net sales growth (decline) of (1)% - 1% •Enterprise operating margin: reported and comparable of 32% - 33% ◦Beer: operating margin of 37% - 38% ◦Wine and Spirits: operating margin of 5% - 6% | | | •Tax rate: reported ~17%; comparable ~20% •Operating cash flow: $2.4 - $2.5 billion •Capital expenditures: ~$800 million •Free cash flow: $1.6 - $1.7 billion | | |
STZ · EX-99.1 · Q1 FY2027
2026-06-30 20:08:55 UTCOpen source
2026-04-08 20:12:25 UTC32% – 33%new
•Enterprise organic net sales growth (decline) of (1)% - 1% ◦Beer: net sales growth (decline) of (1)% - 1% ◦Wine & Spirits: organic net sales growth (decline) of (1)% - 1% •Enterprise operating margin: reported and comparable of 32% - 33% ◦Beer: operating margin of 37% - 38% ◦Wine & Spirits: operating margin of 5% - 6%
STZ · EX-99.1 · Q4 FY2026
2026-04-08 20:10:51 UTCOpen source
2026-10-06 20:20:27 UTC32% – 33%maintained
| Comparable operating margin (Non-GAAP) | 32 | | % | 33 | | % |
STZ · EX-99.1 · Q2 FY2027
2026-10-06 20:18:54 UTCOpen source
2026-06-30 20:10:32 UTC32% – 33%maintained
| Fiscal 2027 Guidance Assumptions: | | | •Enterprise: organic net sales growth (decline) of (1)% - 1% ◦Beer: net sales growth (decline) of (1)% - 1% ◦Wine and Spirits: organic net sales growth (decline) of (1)% - 1% •Enterprise operating margin: reported and comparable of 32% - 33% ◦Beer: operating margin of 37% - 38% ◦Wine and Spirits: operating margin of 5% - 6% | | | •Tax rate: reported ~17%; comparable ~20% •Operating cash flow: $2.4 - $2.5 billion •Capital expenditures: ~$800 million •Free cash flow: $1.6 - $1.7 billion | | |
STZ · EX-99.1 · Q1 FY2027
2026-06-30 20:08:55 UTCOpen source
2026-04-08 20:12:25 UTC32% – 33%new
•Enterprise organic net sales growth (decline) of (1)% - 1% ◦Beer: net sales growth (decline) of (1)% - 1% ◦Wine & Spirits: organic net sales growth (decline) of (1)% - 1% •Enterprise operating margin: reported and comparable of 32% - 33% ◦Beer: operating margin of 37% - 38% ◦Wine & Spirits: operating margin of 5% - 6%
STZ · EX-99.1 · Q4 FY2026
2026-04-08 20:10:51 UTCOpen source
2026-10-06 20:20:27 UTC$8.9B – $9.1Bmaintained-2.5% – -0.5% vs FY2026
| Net sales (GAAP) | $ | 8,910 | | $ | 9,090 |
STZ · EX-99.1 · Q2 FY2027
2026-10-06 20:18:54 UTCOpen source
2026-06-30 20:10:32 UTC$8.9B – $9.1Bmaintained-2.5% – -0.5% vs FY2026
| Net sales (GAAP) | $ | 8,910 | | $ | 9,090 |
STZ · EX-99.1 · Q1 FY2027
2026-06-30 20:08:55 UTCOpen source
2026-04-08 20:12:25 UTC$8.9B – $9.1Bnew
| Net sales (GAAP) | $ | 8,910 | | $ | 9,090 | |
STZ · EX-99.1 · Q4 FY2026
2026-04-08 20:10:51 UTCOpen source
STZCONSTELLATION BRANDS, INC.Q2 FY2027 · ends 2026-08-31
1 metric1 newearnings call · 2026-07-02 04:01:07 UTC
2026-07-02 04:01:07 UTCstrongnew
As we look forward into Q2 and Q3, we would still expect gross margins to be strong, we will see some incremental headwinds as it relates to operating margins.
STZ · transcript · Q1 FY2027
2026-07-02 04:00:00 UTCOpen source
STZCONSTELLATION BRANDS, INC.Q3 FY2027 · ends 2026-11-30
1 metric1 newearnings call · 2026-07-02 04:01:07 UTC
2026-07-02 04:01:07 UTCstrongnew
As we look forward into Q2 and Q3, we would still expect gross margins to be strong, we will see some incremental headwinds as it relates to operating margins.
STZ · transcript · Q1 FY2027
2026-07-02 04:00:00 UTCOpen source