"As we expected, we saw a significant amount of consumer concern that has continued from the past quarters..." - Bill Newlands, CEO
— Bill Newlands
03Detailed Report
STZ
Constellation Brands Inc
Period
Q1 2026
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 19, 2026
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Executive Summary
In Q1 2026, Constellation Brands reported a revenue of $2.515 billion, indicating a 5.51% decrease year-over-year but a 16.21% increase sequentially from Q4 2025. Management expressed confidence that the quarter's results were consistent with expectations, although they faced a backdrop of increasing consumer concern in the beverage market influenced by macroeconomic factors. CEO Bill Newlands and CFO Garth Hankinson reassured stakeholders by affirming the company's full-year beer revenue outlook and margin guidance, noting the importance of adapting strategies in response to evolving market conditions.
Key Performance Indicators
Revenue
Decreasing
2.52B
QoQ: 16.21% | YoY: -5.51%
Gross Profit
Decreasing
1.27B
50.36% margin
QoQ: 13.63% | YoY: -8.72%
Operating Income
Decreasing
713.80M
QoQ: 574.92% | YoY: -22.93%
Net Income
Decreasing
516.10M
QoQ: 237.52% | YoY: -41.15%
EPS
Decreasing
2.90
QoQ: 238.76% | YoY: -39.58%
Revenue Trend
Margin Analysis
Financial Highlights
Key Financial Metrics:
- Revenue: $2.515 billion, YoY: -5.51%, QoQ: +16.21%
- Gross Profit: $1.266 billion, YoY: -8.72%, QoQ: +13.63%
- Operating Income: $713.8 million, YoY: -22.93%, QoQ: +574.92%
- Net Income: $516.1 million, YoY: -41.15%, QoQ: +237.52%
- EPS: $2.90, YoY: -39.58%, QoQ: +238.76%
The decreased YoY metrics indicate challenges in maintaining sales momentum against tougher comps from the prior year; however, the significant sequential improvement suggests a recovery from previous quarters. Management commented on the impact of aluminum tariff increases and consumer spending patterns while indicating a targeted approach toward product innovation and marketing to regain momentum.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
2.52B
-5.51%
16.21%
Gross Profit
1.27B
-8.72%
13.63%
Operating Income
713.80M
-22.93%
574.92%
Net Income
516.10M
-41.15%
237.52%
EPS
2.90
-39.58%
238.76%
Key Financial Ratios
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