Overview
- Constellation reported first‑quarter fiscal 2027 results on Tuesday, June 30, with adjusted EPS of $3.43 that topped Wall Street estimates of about $3.20.
- Net sales fell 3.3% year‑over‑year to $2.43 billion, a slightly smaller decline than several analysts had expected for the quarter.
- The beer segment, which provides most revenue, grew about 2% to $2.28 billion and management pointed to improving demand among Hispanic and younger consumers.
- Operating margins remain under pressure after recent compression, so management reaffirmed FY2027 adjusted EPS guidance of $11.20–$11.90 and reiterated plans to deliver more than $200 million in annual cost savings by FY2028.
- Removal of U.S. aluminum tariffs effective April 6 provided partial margin relief and the stock rose in after‑hours trading on the stronger‑than‑expected profit print.