Constellation Brands 2Q FY2027: Revenue $2.63B, EPS $3.32— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Constellation Brands reported Q2 FY2027 results with revenue of $2.63B (+6.2% YoY) and diluted EPS of $3.32 (+25.3% YoY). Growth was driven by beer shipment increases (5.5%) and wine & spirits expansion (15.4%). Net income rose to $565.8M. The company highlighted operational efficiency gains from its restructuring initiative, targeting $200M in annual savings by FY2028, alongside strategic moves including the Veracruz brewery production target and the SpikedAde acquisition.
Constellation Brands reported second-quarter fiscal 2027 results with revenue of $2.63B and diluted EPS of $3.32, driven by shipment growth across beer and wine & spirits and improved operational efficiency versus the prior-year quarter.
Financial Highlights
- Revenue was $2.634B, compared with $2.481B in the prior-year quarter; YoY change 6.2%.
- Net income was $565.8M, compared with $466M in the prior-year quarter; YoY change 21.4%.
- Diluted EPS was $3.32, compared with $2.65 in the prior-year quarter; YoY change 25.3%.
Business Highlights
- Net sales rose 6% year over year in the quarter, driven by Beer shipment growth of 5.5% and Wine & Spirits shipment growth of 15.4%.
- U.S. beer momentum continued, with Modelo Especial ranking #1 in dollar sales and noted as the top dollar share gainer.
- Channel and mix shifts included distributors rebuilding inventory, which boosted shipments, alongside DTC and international expansion in wine & spirits.
- Operational efficiency efforts from the 2025 Restructuring Initiative are progressing, targeting more than $200M in annual savings by FY2028 and delivering early cost benefits.
- Capacity and strategic moves included targeting commercial production at the Veracruz brewery in FY2028 and the acquisition of SpikedAde to enter the spirit‑based RTD category.
Original SEC Filing: CONSTELLATION BRANDS, INC. [ STZ ] - 10-Q - Oct. 07, 2026