Constellation Brands reported results for the first quarter of fiscal 2027, with revenue of $2.433B for the three months ended May 31, 2026, down from $2.515B a year earlier, while net income attributable to CBI rose to $654M and diluted EPS increased to $3.79.
Financial Highlights
- Revenue was $2.433B for Q1 FY2027, compared with $2.515B in the prior-year quarter; YoY change (3.3%).
- Net income was $654M attributable to CBI for Q1 FY2027, compared with $516M in the prior-year quarter; YoY change 26.7%.
- Diluted EPS was $3.79 for Q1 FY2027, compared with $2.90 in the prior-year quarter; YoY change 30.7%.
Business Highlights
- Net sales were down 3% year over year. Beer shipments grew 1.8% (+$49M), while Wine & Spirits declined 47%, reflecting prior-year divestitures completed in 2025.
- Constellation maintained U.S. leadership in beer, with Modelo Especial the #1 dollar brand and the leading dollar share gainer.
- Company focus remains on expanding high-end beer distribution, growing DTC and international reach for premium wine & spirits, and investing in modular brewery capacity and product innovation.
- Execution of the 2025 Restructuring Initiative is largely complete, with expected annualized savings above $200M by FY2028 supporting margin improvement.
Original SEC Filing:
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