Constellation Brands, Inc. (STZ)

Constellation Brands topped expectations on both the top and bottom line, based on preliminary results for the second fiscal quarter of 2027 reported October 6, 2026, as revenue rose 6.1% to about $2.6 billion, led by its beer, wine, and spirits portfolio. Adjusted EPS of $3.74 topped the $3.55 estimate (+5.4%) and was up from $3.63 a year ago, while revenue of $2.633 billion topped the $2.539 billion estimate (+3.7%) and increased from $2.481 billion a year earlier. Profitability held at elevated levels, with gross margin at roughly 53% and operating margin near 31%, alongside gross profit of about $1.4 billion and operating income of roughly $805 million. Net income climbed 21.4% to about $565.8 million, up from $466.0 million a year ago. Cash generation was weaker in the period, with negative operating cash flow of roughly $661.8 million, while the company paid about $175.1 million in dividends. Consensus for the next period calls for EPS of $2.82 on revenue of $2.219 billion.