Constellation Brands Q1 sales fall 6%, EPS drops 39%; comparable EPS outlook maintained
Constellation Brands reported fiscal first-quarter 2026 net sales of $2.515 billion, down 6%, and reported diluted EPS of $2.90, down 39%, with comparable EPS of $3.22, down 10%. The company maintained its fiscal 2026 comparable EPS outlook of $12.60 to $12.90 and updated its reported EPS outlook to $12.07 to $12.37, and it declared a quarterly dividend of $1.02 per Class A share.
Key points
- Q1 net sales were $2,515 million, down 6%, and operating income was $714 million on a reported basis, down 24%
- Beer net sales fell 2% to $2.23 billion, and Wine and Spirits net sales fell 28% to $280.5 million, with the SVEDKA divestiture contributing to the decline
- Fiscal 2026 comparable EPS outlook of $12.60 to $12.90 was maintained; reported EPS outlook was updated to $12.07 to $12.37
- Company repurchased $381 million of shares through June 2025 and declared a $1.02 dividend payable August 14, 2025 to holders of record on July 30, 2025
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 01, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.