Constellation Brands (STZ): Beats Q2 but beer depletions slip 0.6%

Constellation beat Q2 with $2.63B revenue and $3.74 adjusted EPS, but beer depletions fell 0.6% while shipments rose 5.5%, a gap worth watching. FY27 EPS guidance held at $11.20-$11.90, below the $11.72 consensus at midpoint. $STZ

Sources

• Constellation Brands stock falls as FY27 guidance disappoints (Investing.com)
• Constellation Brands Q2 FY2027: net sales rise 6% on beer, wine and spirits growth (Rallies)
• Constellation Brands 8-K earnings release (SEC)