Constellation Brands updated its reported EPS guidance to $10.77 - $11.07 and comparable EPS guidance to $11.30 - $11.60 for fiscal year 2026.
The company expects Enterprise organic net sales to decline between (6)% and (4)% and reported operating income to grow between 666% and 686%.
Beer net sales are projected to decline between (4)% and (2)% with Beer operating income declining between (9)% and (7)%.
Updated EPS Guidance
Reported EPS guidance revised to $10.77 - $11.07 and comparable EPS guidance revised to $11.30 - $11.60 for fiscal 2026.
Organic Net Sales
Enterprise organic net sales expected to decline between (6)% and (4)% with macroeconomic headwinds impacting consumer demand.
Beer Segment Performance
Anticipated decline in Beer net sales between (4)% and (2)% and Beer operating income between (9)% and (7)%.
- Constellation Brands faces challenges in an environment of dampened consumer demand and volatile purchasing behavior.
- High-end beer buy rates have decelerated, affecting Hispanic consumers more significantly.
- Despite challenges, the company has seen growth in volume share in 49 of 50 states and continued distribution gains.
Constellation Brands remains committed to strategic objectives despite the challenging operating environment, focusing on distribution gains and innovation.