Constellation Brands Q1 EPS rises 31% to $3.79; reported EPS outlook updated to $11.50-$12.20
Constellation Brands reported first-quarter fiscal 2027 results for the quarter ended May 31, 2026. Reported net sales fell 3% to $2,432.7 million, while reported diluted EPS rose 31% to $3.79 and comparable EPS rose 7% to $3.43. The company updated its reported fiscal 2027 EPS outlook to $11.50-$12.20 and affirmed its comparable EPS outlook of $11.20-$11.90, and declared a $1.03 quarterly dividend.
- Reported net sales $2,432.7 million, down 3% from $2,515.0 million; organic net sales up 3%
- Reported operating income $845.3 million, up 18%; comparable operating income $834.2 million, up 6%
- Repurchased $324 million of shares year-to-date through June 2026; operating cash flow $662 million and free cash flow $485 million
- Quarterly dividend of $1.03 per Class A share payable August 13, 2026, to holders of record July 30, 2026