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Constellation Brands (STZ) said late Tuesday it has issued notice for full redemption prior to maturity for all of its outstanding 4.350% senior notes due 2027, to be effected on Sept. 18 and payable in cash.There were $600 million of the notes outstanding as of Tuesday, the company said.
Brown-Forman (BF.A, BF.B) reiterated its guidance for fiscal 2027 organic sales on Wednesday as it flagged continuing consumer headwinds that drove weaker-than-expected first-quarter top-line.For the ongoing fiscal year, the parent of Jack Daniel's whiskey continues to expect roughly flat organic sales. Analysts in a FactSet poll are looking for full-year reported sales of $3.95 billion, compared with $3.93 billion in fiscal 2026.Brown-Forman continues to project a 3% to 5% decline in organic operating income for the current fiscal year.For the quarter ended July 31, revenue slipped 1% to $911 million, below Wall Street's $914.8 million view for the class B listing. Earnings per share rose to $0.38 from $0.36."We anticipate the operating environment for fiscal 2027 to remain challenging, as macroeconomic pressures and geopolitical instability continue to negatively impact consumer behavior and beverage alcohol consumption, particularly within developed markets," the company said in its earnings release.Analysts at RBC Capital Markets had seen a challenging first-quarter setup for the wine and spirits maker given a tough comparison and cautious consumer sentiment. In a note e-mailed Tuesday, RBC analysts pointed to severe US spirits headwinds reported by Brown-Forman's competitors, Diageo (DEO) and Pernod Ricard.Beer maker Molson Coors Beverage (TAP) last month reported a 3.3% annual drop in second-quarter net sales as heightened global macroeconomic headwinds weighed on consumer behavior. Earlier this year, Constellation Brands, the maker of Modelo and Corona, posted stronger-than-expected fiscal first-quarter results despite what its chief executive described as "a discerning and value-conscious consumer environment."In the US, consumer sentiment dropped in August amid concerns that inflation will continue to be high for the "foreseeable future," University of Michigan said Friday. Inflation concerns appear to be intensifying as renewed US-Iran hostilities have driven oil prices higher.Brown-Forman said its first-quarter net sales in the US dropped 3% year on year, driven by the end of the Korbel relationship, lower distributor inventories and volume declines for Jack Daniel's Tennessee Blackberry. Sales fell 6% in developed international markets and grew 11% in emerging markets.Sales of whiskey products were flat and tequila revenue plunged 12%, countering 20% sales growth in the ready-to-drink segment.Brown-Forman's class A and B shares rose 2.7% and 3.2%, respectively, in Wednesday trade. They are up 5.4% and 4.3% so far this year.
US equity indexes ended lower Monday after crude oil prices rose following President Donald Trump's threat to attack Oman as the deadline to reach a permanent peace deal with Iran expired.* Iran's Foreign Ministry spokesman said Tehran had reached an agreement with Oman regarding future shipping routes in the strait, according to a CBS report. Trump threatened to bomb Oman if the country "gets in the way" of US efforts to reopen the Strait of Hormuz and end the war with Iran, CBS cited Fox News.* The National Association of Home Builders' monthly housing market index rose to 35 in August from 34 in July and 32 a year earlier, compared with expectations for a decline to 33 in a Bloomberg-compiled poll.* September West Texas Intermediate crude oil rose $2.04 to settle at $84.46 per barrel, while October Brent crude, the global benchmark, was last seen up $2.16 at $90.68.* Situational Awareness increased its stakes in Micron Technology (MU) and Sandisk (SNDK) in Q2, according to regulatory filings published Friday. Sandisk shares were about 8.8% higher, the top gainer on the S&P 500 and Nasdaq, while Micron Technology stock was up more than 4.1%.* Berkshire Hathaway (BRK.A, BRK.B) exited its position in Constellation Brands (STZ), while increasing its stake in Alphabet (GOOG, GOOGL), according to a filing on Friday. Constellation Brands' stock fell about 6.1%, among the worst performers on the S&P 500.
Constellation Brands (STZ) faces long-term risks related to alcohol consumption, though the beer and wine company stands to benefit from falling gasoline prices and improved market share in the short term, Morgan Stanley said in a note emailed Thursday.The maker of Modelo and Corona reported fiscal first-quarter results above Wall Street's expectations late Tuesday. Beer shipments rose 1.8%, buoyed by the FIFA World Cup, though high gasoline prices amid the Middle East conflict weighed on depletions, according to the brokerage.The depletion rate captures the pace at which units are sold to end consumers. Gasoline prices in the US have fallen from $4.29 per gallon a month ago as the US and Iran agreed to end their war and reopen the Strait of Hormuz."We remain (equal-weight) longer-term on concerns about secular headwinds to alcohol consumption and some maturation in (Constellation's) portfolio at higher share levels, but see the glass as half full short-term with declining gasoline prices, improved (Constellation) market share trends in scanner data, and moderating social pressures on (its) Hispanic consumers," Morgan Stanley said.The brokerage lowered its price target on Constellation to $158 from $183 due to weak industry trends and maintained an equal-weight rating.Constellation's beer depletions were soft in April and May as high gasoline prices impacted consumer spending, Morgan Stanley said. However, the company highlighted a muted recovery in June, driven by improved sentiment and the World Cup, according to the note.Constellation maintained its full-year outlook, including expectations for comparable earnings per share at $11.20 to $11.90. The FactSet-polled consensus calls for $11.79 in adjusted EPS.Price: $137.50, Change: $+0.62, Percent Change: +0.45%
Constellation Brands (STZ) delivered a solid Q1 beat with in-line depletions, healthy operating margins, reiteration of its full-year guidance, RBC Capital Markets said in a note Thursday.The report also said the company was cautiously optimistic on improving June volume trends driven by World Cup activation and easing gas prices.The note said estimates for Q2 and Q3 move lower on operatingexpense and marketing timing on World Cup opportunities while beer volumes and gross margins are improving."We view guidance as achievable with upside bias as volume momentum builds," the report said.RBC maintained its outperform rating and $185 price target.Price: $138.15, Change: $+1.27, Percent Change: +0.93%
Constellation Brands (STZ) has an average rating of overweight and mean price target of $171.27, according to analysts polled by FactSet.Price: $138.25, Change: $+1.37, Percent Change: +1.00%
The main US stock measures were pointing lower in Wednesday's premarket activity as traders await key labor market data and commentary from Federal Reserve Chair Kevin Warsh.The S&P 500 and the Dow Jones Industrial Average declined 0.2% each before the opening bell, while the Nasdaq was off 0.5%. The indexes finished Tuesday trading in the green, with the Dow recording a new all-time high.US markets will be closed on Friday in observance of the Independence Day holiday, which falls on a Saturday this year.Employers in the US announced 45,849 layoffs in June, down 53% from the month prior and 4% year over year, according to Challenger, Gray & Christmas' latest report. The ADP Employment report for last month posts at 8:15 am ET, followed by the weekly jobless claims bulletin at 8:30 am.The government's nonfarm payrolls report for June is scheduled to be released on Thursday. On Tuesday, official data showed job openings were little changed in May as hiring fell and separations rose.Warsh is slated to speak at the European Central Bank forum in Portugal at 9 am. Investors will be watching his remarks for any insight into future Fed monetary policy.Wednesday's economic calendar also has the weekly mortgage applications bulletin at 7 am. The final Purchasing Managers' manufacturing index for June is out at 9:45 am, followed by the Institute for Supply Management's manufacturing index for the same month at 10 am. The weekly EIA domestic petroleum inventories report is due at 10:30 am.Treasury yields were trending higher in premarket action, with the two-year rate increasing 3.1 basis points to 4.17% and the 10-year rate adding 4.1 basis points to 4.46%.US President Donald Trump's special envoys, Steve Witkoff and Jared Kushner, arrived in Doha, Qatar, on Tuesday, Bloomberg News reported. Qatar, a mediator between the US and Iran, said the two US envoys are not scheduled to meet any Iranian officials and downplayed the possibility of a breakthrough in talks to permanently end the conflict between the two countries.West Texas Intermediate crude oil fell 1.2% to $68.66 a barrel before the open, while Brent decreased 1.1% to $72.14."Oil prices traded within a relatively tight range near recent lows while remaining on track for their biggest quarterly decline since the pandemic," Saxo Bank said in a report Tuesday.Shares of Nike (NKE) declined 3.3% pre-bell as the sportswear giant reported lower fiscal fourth-quarter revenue on a yearly basis. Constellation Brands (STZ) gained 1.6% after the beer and wine company reported an unexpected year-over-year increase in its fiscal first-quarter earnings.General Mills (GIS), FactSet Research Systems (FDS), MSC Industrial Direct (MSM) and Unifirst (UNF) are expected to report their latest financial results before the bell.Gold moved down 0.9% to $4,003 per troy ounce, while bitcoin slipped 0.1% to $58,600.
Constellation Brands (STZ) shares rose early Wednesday after the beer and wine company reported an unexpected year-over-year increase in its fiscal first-quarter earnings, while revenue came in ahead of Wall Street's estimates.Adjusted earnings came in at $3.43 per share for the quarter ended May, up from $3.22 the year before, the company said late Tuesday, defying the Street's expectations for a decrease to $3.19. Sales declined 3% to $2.43 billion, but topped the consensus view of $2.39 billion. Organic net sales gained 3%.The stock was up 2.4% in the most recent premarket activity."Despite a discerning and value-conscious consumer environment, we grew enterprise organic net sales and gained share during the first quarter of fiscal 2027," Chief Executive Nicholas Fink said in a statement.Consumer spending patterns remained "dynamic" throughout the quarter amid persistent inflation and economic uncertainties, Fink said in prepared remarks available on the company's website. While Constellation saw a resurgence in purchasing behavior amid a "more normalized" start to the quarter, financial pressures driven by a significant hike in gasoline prices led to a "more discerning and value-conscious consumer mindset" and a deceleration in beverage volume trends as the period progressed, the CEO said.Beer revenue increased 2% to $2.28 billion, buoyed by shipment growth of 1.8% and favorable pricing. The division's depletion rate, or the pace at which units are sold to end consumers, edged down 0.3%, as gains in the Pacifico, Victoria and the Modelo Chelada brands were offset by declines in Modelo Especial and Corona Extra.Sales of wine and spirits dropped 47% to $149.2 million, amid a 64% plunge in shipment volume, reflecting the impact of the divestiture of certain wine and spirits brands in 2025, the company said. The division's depletions rose 6.6%.For fiscal 2027, Constellation continues to project adjusted EPS to come in between $11.20 and $11.90, while the Street is looking for $11.74. Enterprise organic sales, beer net sales and organic sales in the wine and spirits division are all still pegged to be down 1% to up 1% for the ongoing fiscal year."We expect (Constellation Brands) to exhibit better volume performance this year due to improving sentiment among Hispanic consumers, expansion of new pack sizes, new marketing campaigns, the World Cup and improved analytics to help local market execution," RBC Capital Markets said in a note.The company's fiscal 2027 guidance is "understandably cautious" given the current environment and should be achievable even if conditions worsen, the brokerage said.
Constellation Brands (STZ) reported fiscal Q1 adjusted earnings late Tuesday of $3.43 per diluted share, up from $3.22 a year earlier.Analysts surveyed by FactSet expected $3.19.Net sales for the quarter ended May 31 were $2.43 billion, down from $2.52 billion a year earlier. Analysts expected $2.39 billion.The company affirmed its fiscal 2027 adjusted EPS guidance of $11.20 to $11.90. Analysts expect $11.74.
(Updates with latest market prices and developments.)US benchmark equity indexes were higher intraday, led by gains in the technology sector, and poised to close out a winning quarter and first half of the year.The Nasdaq Composite was up 1.4% at 26,172.6 after midday Tuesday -- the last trading session of June -- while the S&P 500 rose 0.7% to 7,495.2. The Dow Jones Industrial Average added 0.3% to 52,362.8, following a record-high close in the previous session.The S&P 500 and the Nasdaq were headed for their best quarter in six years, while the Dow was on track for its best quarterly gain since 2022, news outlets reported. The Dow was poised for its best first-half performance since 2021, while the S&P 500 and the Nasdaq were also higher, CNBC reported.Among sectors, tech paced the gainers intraday Tuesday with a 2.2% jump, while real estate saw the steepest decline.Within tech, chip-related stocks mainly led gains, with Intel (INTC) up 7.7%, among the top performers on the S&P 500. Nvidia (NVDA) rose 1.7%, the third-best performer on the Dow. Advanced Micro Devices (AMD), Sandisk (SNDK), and Marvell Technology (MRVL) were also notable gainers on the S&P 500.AeroVironment (AVAV) shares jumped nearly 19% as the drone maker overnight reported stronger-than-expected fiscal fourth-quarter results and issued an upbeat full-year revenue outlook at the midpoint.Zimmer Biomet (ZBH) shares were down 6.9% intraday Tuesday, the worst performer on the S&P 500.Sportswear giant Nike (NKE) and beer and wine company Constellation Brands (STZ) are expected to release their latest quarterly results after the closing bell Tuesday.West Texas Intermediate crude oil was down 1.4% at $69.75 a barrel intraday, while Brent slipped 0.3% to $72.95.WTI and Brent were headed for a steep decline for the month of June as oil prices sold off after the US and Iran agreed to a memorandum of understanding to end their war. In May, crude prices tumbled about 17%."Oil prices traded within a relatively tight range near recent lows while remaining on track for their biggest quarterly decline since the pandemic," Saxo Bank said in a report Tuesday.US special envoys Steve Witkoff and Jared Kushner, who are in Doha, will meet Qatari mediators, not Iranian officials, CNN reported, citing Qatar's Foreign Ministry.US Treasury yields were higher intraday, with the 10-year rate up 3.3 basis points at 4.41% and the two-year rate rising 2.2 basis point to 4.14%.In economic news, US consumer confidence edged higher in June as falling oil prices amid an extended US-Iran ceasefire eased inflation fears, the Conference Board said.US home price growth accelerated annually in April, though the value of homes continued to deteriorate in real terms as high inflation outpaced price gains, S&P Global (SPGI) division S&P Dow Jones Indices said.Gold was little changed at $4,039.40 per troy ounce, while silver climbed 2.1% to $59.86 per ounce.
The benchmark US stock measures rose before the bell Tuesday as markets head toward a strong finish to the second quarter.The S&P 500 and the Nasdaq edged up 0.1% each in premarket activity, while the Dow Jones Industrial Average added 0.2%. The indexes finished the previous trading session in the green, with the Dow hitting a fresh all-time high.The S&P 500 and the Nasdaq Composite were headed for their best quarter in six years, while the Dow was on track for its best quarterly gain since 2022, Reuters reported.US markets will be closed on Friday in observance of the Independence Day holiday, which falls on a Saturday this year.Markets were buoyed after the US Supreme Court on Monday rejected President Donald Trump's request to overturn a lower court's ruling that prevented him from firing Federal Reserve Governor Lisa Cook.In August 2025, Trump attempted to fire Cook over mortgage fraud allegations. Cook challenged the decision in a federal court, which issued a temporary restraining order that blocked the attempted removal.Iran reportedly said Monday that no talks were scheduled with the US in the coming days, despite Trump saying Washington will meet with Tehran in Qatar on Tuesday. Both sides recently engaged in attacks in and around the Strait of Hormuz, but agreed to pause hostilities to continue talks on a peace deal reached earlier in the month.West Texas Intermediate crude oil rose 0.3% to $70.97 a barrel before the opening bell, while Brent ticked up 0.1% to $73.22.Tuesday's economic calendar has the Case-Shiller Home Price Index and the Federal Housing Finance Agency House Price Index, both for April, at 9 am ET. The Chicago purchasing managers' index for June posts at 9:45 am, followed by the consumer confidence report for the same month at 10 am.The Job Openings and Labor Turnover Survey for May is also out at 10 am. Cleveland Fed President Beth Hammack is scheduled to speak at 10:40 am.Treasury yields were down in premarket action, with the two-year rate retreating 0.5 basis points to 4.1% and the 10-year rate off 0.7 basis point to 4.37%.Shares of AeroVironment (AVAV) jumped 24% pre-bell as the drone maker reported stronger-than-expected fiscal fourth-quarter results and issued an upbeat full-year revenue outlook at the midpoint. Super Micro Computer (SMCI) rebounded 1.9% following an 8.1% drop at the close of Monday.Rocket Lab (RKLB) rose 3.3% after closing the previous session up 16%. The company recently agreed to acquire satellite communications provider Iridium Communications (IRDM) in a cash-and-stock deal worth about $8 billion to create a vertically-integrated space company.Sportswear giant Nike (NKE) and beer and wine company Constellation Brands (STZ) are expected to release their latest quarterly results after the markets close.Gold inched higher at $4,040 per troy ounce, while bitcoin fell 1.7% to $59,275.
(Updates with market moves at the end of the day.)The Dow Jones Industrial Average hit a fresh all-time high at the start of what will be a short trading week.The Dow rose 0.6% to settle at 52,182.7 on Monday, closing above 52,000 for the first time. The Nasdaq Composite advanced 2.1% to 25,820.1, while the S&P 500 climbed 1.2% to 7,440.3, with both indexes rebounding after a five-day losing streak. Among sectors, communication services paced the gainers, while materials saw the sharpest drop.The New York Stock Exchange and Nasdaq will be closed on Friday in observance of the Independence Day holiday, which falls on a Saturday this year.Iran said that no talks were scheduled with the US in the coming days, despite President Donald Trump saying Washington will meet with Tehran in Qatar on Tuesday, CNN reported.Both sides engaged in attacks in and around the Strait of Hormuz.West Texas Intermediate crude oil was up 1.8% at $70.45 a barrel in Monday late-afternoon trade, while Brent advanced 1.1% to $72.78.US Treasury yields were higher, with the two-year rate up 1.1 basis points at 4.11% and the 10-year rate rising 0.7 basis points to 4.38%.In company news, Alphabet's (GOOGL) class A shares jumped 4.8%, the top gainer on the Dow, as the Google parent joined the index, replacing Verizon Communications (VZ), which fell 5.2%.Alphabet's class C shares (GOOG) rose 5%.Comcast (CMCSA) said it plans to split into two publicly traded companies, separating its NBCUniversal and Sky media businesses from its broadband and connectivity operations. Comcast shares advanced 4.5%.Honeywell International (HON) shares fell 6.4%, the worst performer on the Dow and third-biggest drop on the S&P 500. The company completed the spinoff of its aerospace business into an independent publicly traded company.Martin Marietta Materials (MLM) agreed to combine with limestone supplier Lhoist North America in a $13.5 billion deal. Shares of the American building materials supplier slumped 5.7%, among the steepest declines on the S&P 500.Nike (NKE), Constellation Brands (STZ) and General Mills (GIS) are expected to release their latest financial results this week.Gold was down 1.7% at $4,028.80 per troy ounce, while silver dropped 1% to $58.66 per ounce.
(Updates with latest market prices and developments.)US benchmark equity indexes were higher intraday as Washington and Iran agreed to halt renewed hostilities, while US President Donald Trump said the two countries will hold a meeting Tuesday.The Nasdaq Composite was up 1.9% at 25,771.3 after midday Monday, while the S&P 500 rose 1.1% to 7,433.8. The Dow Jones Industrial Average advanced 0.7% to 52,217.3. Among sectors, communication services paced the gainers, while materials saw the sharpest drop.On Sunday, the US and Iran agreed to cease attacks on each other and allow commercial vessels to pass freely through the Strait of Hormuz, CNBC reported. "Technical talks are slated to continue on all areas of the (memorandum of understanding)," a US official told CNBC. "Both sides will stand down for now and vessels can move freely."In a social media post Monday, Trump said Iran has requested a meeting that will take place in Doha, Qatar, Tuesday.West Texas Intermediate crude oil was up 2.4% at $70.92 a barrel intraday Monday, while Brent advanced 1.8% to $73.31."Renewed US-Iran tensions failed to materially lift oil prices," ING Bank said in a note. "While the oil market is technically in oversold territory, momentum appears to still be to the downside."US Treasury yields were higher intraday, with the two-year rate up 2.5 basis points at 4.11% and the 10-year rate rising 1.3 basis points to 4.38%.In company news, Alphabet's (GOOGL) class A shares were up 4.8% intraday, the top gainer on the Dow, as the Google parent joined the index, replacing Verizon Communications (VZ), which fell 5.8% and was the second-worst performer on the S&P 500.Alphabet's class C shares (GOOG) rose 5.1%.Comcast (CMCSA) said it plans to split into two publicly traded companies, separating its NBCUniversal and Sky media businesses from its broadband and connectivity operations as the media giant aims to boost strategic focus for each unit. Comcast shares were up 5.7%.Honeywell International (HON) shares were down 2.7%, the worst performer on the Dow. The company completed the spinoff of its aerospace business into an independent publicly traded company.Nike (NKE), Constellation Brands (STZ) and General Mills (GIS) are expected to release their latest financial results this week. AeroVironment (AVAV) and Concentrix (CNXC) are scheduled to report after the closing bell Monday.Gold was down 1.4% at $4,040.50 per troy ounce, while silver dropped 1.1% to $58.56 per ounce.
The benchmark US stock measures were tracking in the green before the opening bell Monday as the US and Iran agreed to halt renewed hostilities, while traders await fresh labor market data later in the holiday-shortened week.The S&P 500 rose 0.5%, the Dow Jones Industrial Average increased 0.2% and the Nasdaq added 0.8% in premarket activity. The indexes finished Friday trading lower, with the Nasdaq extending its losses for a fifth consecutive session.US markets will be closed on Friday for the July 4 Independence Day holiday.The US and Iran agreed on Sunday to cease attacks on each other and allow commercial vessels to pass freely through the Strait of Hormuz, CNBC reported. "Technical talks are slated to continue on all areas of the (memorandum of understanding)," a US official told CNBC. "Both sides will stand down for now and vessels can move freely."The US launched a fresh round of strikes against multiple targets in Iran over the weekend, the US Central Command said in a statement on Saturday. The attacks came amid reports that Iran had carried out strikes on eight key US military installations across the Middle East.Last week, President Donald Trump accused Tehran of violating the ceasefire agreement signed earlier in the month by attacking ships passing through the strait with drones. "There may come a point when we are no longer able to be reasonable, and will be forced to militarily complete the job that we very successfully started," Trump said in a social media post on Saturday.West Texas Intermediate crude oil inclined 1.7% to $70.42 a barrel before the open, while Brent advanced 1.4% to $72.96.Investors will be looking ahead to fresh labor market data later this week, beginning with the Job Openings and Labor Turnover Survey for May on Tuesday, followed by the ADP employment report and the Challenger Job Cut report, both for June, on Wednesday. The government's nonfarm payrolls data for June is scheduled to be released on Thursday.Treasury yields were trending upwards in premarket action, with the two-year rate increasing 2.1 basis points to 4.11% and the 10-year rate rising 1 basis point to 4.38%.Last week, government data showed that consumer spending rose more than projected in May, while the Federal Reserve's preferred inflation metric accelerated to the fastest reading in more than two years.Minneapolis Federal Reserve President Neel Kashkari reportedly said Friday that an interest rate increase looks necessary this year.Consumer sentiment increased in June amid moderating gasoline prices, while inflation expectations eased, according to a survey by the University of Michigan on Friday.Monday's thin economic calendar has the Dallas Fed manufacturing survey for June at 10:30 am ET.Comcast (CMCSA) shares jumped 18% pre-bell after the company announced plans to separate its media and technology businesses into two publicly traded entities. Verizon Communications (VZ) edged down 0.2% as the telecommunications giant agreed with UK-based BT Group to combine their international businesses in a joint venture.Nike (NKE), Constellation Brands (STZ) and General Mills (GIS) are expected to release their latest financial results this week. AeroVironment (AVAV) and Concentrix (CNXC) post their earnings after the markets close Monday.Gold declined 1.1% to $4,052 per troy ounce, while bitcoin gained 1.3% to $60,117.
Constellation Brands (STZ) is expected to reaffirm its guidance and post a "non-controversial" fiscal Q1 result, Needham said Friday, adding that it remains optimistic on the stock despite a recent slowdown that it believes was likely affected in part by higher gas prices and poor May weather.The company is scheduled to report its Q1 results on Tuesday after the market close.Needham said that expectations have moderated over the past few months as softer scanner volumes followed a strong finish to fiscal 2026.The investment firm lowered its fiscal Q1 EPS estimate to $3.18 from $3.40 and reduced revenue forecast to $2.39 billion from $2.43 billion previously.However, the brokerage remains positive as Constellation Brands continues to gain beer market share and could benefit from easier comparisons and World Cup-related demand.Needham maintained its buy rating and price target of $185.Price: $146.30, Change: $+1.85, Percent Change: +1.28%
Constellation Brands (STZ) is expected to reaffirm its fiscal 2027 guidance, with recent beer category weakness appearing cyclical and Q1 results likely to meet consensus expectations despite flat beer depletions, RBC Capital Markets said in a Friday note.The brokerage said recent beer volume weakness was driven mainly by temporary economic factors, including higher fuel prices and unfavorable weather, with June volumes improving on easing gasoline prices and World Cup-related demand.RBC expects the World Cup and gasoline price relief to provide near-term volume catalysts, and believes management will strike a more optimistic tone on beer volumes while maintaining its full-year outlook.The firm said an in-line quarter, reaffirmed guidance and improving beer volume trends should support investor sentiment, as it views the recent category slowdown as temporary rather than a sign of weakening fundamentals.RBC maintained its outperform rating on the stock and a $185 price target.Price: $146.41, Change: $+1.96, Percent Change: +1.36%
Constellation Brands (STZ) is expected to report fiscal first-quarter results in line with Wall Street estimates and reiterate its full-year outlook, RBC Capital Markets said in a Friday note.The beer and wine company's shares have come under pressure due to sequential category volume slowdowns driven by economic headwinds, including higher gas prices and weather, with a heavier impact on its West Coast exposure, RBC said. The brokerage expects flat beer depletions for the quarter and sees the company meeting Wall Street expectations on both revenue and earnings.The maker of Modelo and Corona is scheduled to report fiscal first-quarter results on June 30. Analysts polled by FactSet expect the company to post adjusted earnings per share of $3.20 and revenue of $2.39 billion.The brokerage said Constellation Brands' fiscal 2027 guidance was conservative despite concerns around softer volume trends. It views the pressure as cyclical rather than any weakening in brand strength or consumer demand. RBC expects the company to reiterate its guidance, with World Cup activation and easing gas prices seen as near-term catalysts for beer volumes.In April, Constellation Brands set its fiscal 2027 comparable earnings guidance at $11.20 to $11.90 per share, a range that came in below Wall Street expectations at the time."Overall, we see risk/reward as favorable -- an in-line quarter, guidance reiteration, and a more optimistic volume tone should be sufficient," RBC analyst Nik Modi said in the note.RBC has an Outperform rating on Constellation Brands shares and a price target of $185.
Constellation Brands' (STZ) fiscal Q1 results are not expected to be a "meaningful catalyst," but the fiscal 2027 guidance appears "achievable," UBS Securities said in a note emailed Wednesday.Earlier in the year, UBS' conversations suggested sentiment was constructive on Constellation Brands, given a better start to the year from a tracked channel perspective, as well as expectations of easier comparisons and demand benefits from the World Cup and the 250th US anniversary, driving stronger revenue growth, according to the note.However, Constellation Brands shares were seen underperforming as demand trends have significantly softened for the last two months, UBS said.UBS projects fiscal Q1 beer depletions to be down 1%, versus a prior expectation of 1% growth and Street estimates of 0.3% growth. It also expects total beer sales to fall 0.5%.The company currently forecasts fiscal 2027 earnings per share of $11.20 to $11.90, versus UBS forecast of $11.72.Constellation Brands is scheduled to report fiscal Q1 results after the bell on June 30.UBS kept a buy rating on Constellation Brands and lowered the price target to $175 from $186.Price: $140.02, Change: $-4.10, Percent Change: -2.84%
James O. Bourdeau, Executive Vice President and Senior Advisor, on May 12, 2026, sold 4,407 shares in Constellation Brands (STZ) for $631,259. Following the Form 4 filing with the SEC, Bourdeau has control over a total of 9,109 Class A common shares of the company, with 9,109 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/16918/000172179626000006/xslF345X05/wk-form4_1778705051.xml
Ernesto M Hernandez, Director, on April 27, 2026, sold 2,000 shares in Constellation Brands (STZ) for $307,830. Following the Form 4 filing with the SEC, Hernandez has control over a total of 2,582 Class A common shares of the company, with 2,582 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/16918/000161435726000002/xslF345X05/wk-form4_1777409663.xml
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