Adjusted earnings of $3.43 per share beat estimates despite a 3.3% year-over-year decline in net sales.
Constellation Brands posted a 3.3% decline in first-quarter fiscal 2027 net sales to $2.43 billion, citing softening consumer demand. Adjusted earnings reached $3.43 per share, surpassing analyst expectations of $3.19 per share.
The wine and spirits segment saw a 47% revenue drop to $149.2 million, driven by 2025 brand divestitures. Beer revenue rose 2% to $2.28 billion on pricing gains and higher shipment volumes, though distributor depletions slipped 0.3%.
CEO Nicholas Fink highlighted growth opportunities in core brands and adjacent categories, while rising fuel costs added pressure amid persistent inflation.