STZ
Constellation Brands, Inc.142.59
-0.88-0.61%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '26
Margin details, brand investments unpacked
Q&A unpacked beer margin guidance of 37-38%, down from prior 39-40%, citing Veracruz brewery fixed costs mid-year, higher SG&A from marketing and lower incentives, partly offset by 1-2% pricing and aluminum tariff relief. Management highlighted aggressive H1 marketing at 9.5% of sales behind Modelo, Pacifico, Victoria, and high-end light beers amid World Cup and early momentum. Wine and spirits margins face category declines, tasting room softness, Canada ban, and distributor rebalancing, delaying low-20s targets longer-term. Hedging is solid at 80-100% across inputs. Visibility remains low. Q&A largely reaffirms caution on consumer volatility while surfacing brand-specific upside. Investors will watch volume durability.
Key Stats
Market Cap
24.82BP/E (TTM)
20.76Basic EPS (TTM)
6.87Dividend Yield
0.03%Recent Filings
8-K
8-K
8-K
8-K
8-K
IPO
Website
Employees
Sector
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