Constellation Brands cuts fiscal 2026 comparable EPS outlook to $11.30-$11.60
Constellation Brands lowered its fiscal 2026 outlook, with comparable EPS now expected at $11.30 to $11.60, down from $12.60 to $12.90. The company cited an incremental macroeconomic headwind affecting consumer demand, along with a lower outlook for organic net sales, comparable operating income, and free cash flow, which points to lower earnings and cash generation for shareholders.
- Comparable EPS guidance is $11.30 to $11.60, down from $12.60 to $12.90; reported EPS guidance is $10.77 to $11.07, down from $12.07 to $12.37.
- Enterprise organic net sales are now expected to decline 6% to 4%, compared with the prior outlook of a 2% decline to 1% growth.
- Free cash flow guidance is $1.3 billion to $1.4 billion, down from $1.5 billion to $1.6 billion; the company has repurchased $604 million of shares in the first half under its $4 billion authorization.