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Constellation Brands tops Q2 revenue and EPS estimates

Revenue rose to $2.63 billion and adjusted EPS came in at $3.74, but weak forward guidance pointed to softer alcohol demand.

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Constellation Brands reported second-quarter results for fiscal year 2027 that beat both the top and bottom line, according to MarketBeat Ratings.

The company posted revenue of $2.63 billion, above the $2.54 billion estimate, and adjusted EPS of $3.74 versus $3.55 expected. That represented year over year growth of 6% in revenue and 3% in adjusted EPS.

MarketBeat Ratings said the company issued weak forward guidance that signals consumers are cutting back on discretionary purchases, including alcoholic beverages. The report noted the stock briefly rose toward $120 before giving back most of the gain.

Earlier in the year, net sales in the first quarter fell 3.3% year over year, MarketBeat Ratings added, highlighting the improvement seen in the latest quarter.

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