Constellation Brands Inc Class A

STZ: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Constellation Earnings: Core Brands' Depletions Decline as Beer Category Continues to Struggle

Kristoffer Inton

Oct 7, 2026

Constellation Brands' fiscal 2027 second-quarter organic sales grew 6% to $2.6 billion, with beer up 5% and wine and spirits up 17%. Comparable operating margin contracted 160 basis points to 34.1%, as higher marketing and other expenses offset lower tariff expense and fixed-cost leverage.

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Constellation Brands Inc Class A

Constellation Earnings: Core Brands' Depletions Decline as Beer Category Continues to Struggle

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