Constellation Brands, Inc. · NYSE:STZ
Constellation Brands — Q2 2027 Earnings Presentation
12 slides from Constellation Brands's earnings presentation, Oct 6, 2026
Slide 1: Second Quarter Fiscal Year 2027 Financial Results: CEO & CFO Commentary
SECOND QUARTER FISCAL YEAR 2027 FINANCIAL RESULTS CEO & CFO COMMENTARY 1 of 12
Slide 2: Use of Non-GAAP Financial Measures, Conference Call Information and Disclaimers
CONSTELLATION BRANDS Q2 FY27 FINANCIAL RESULTS CEO & CFO COMMENTARY Use Of Non-GAAP Financial Measures, Conference Call Information, and Location of Defined Terms and Other Disclaimers Please view this commentary in conjunction with our earnings release for our second quarter fiscal 2027 that can be
Slide 3: Forward-Looking Statements
CONSTELLATION BRANDS Q2 FY27 FINANCIAL RESULTS CEO & CFO COMMENTARY such as closing distribution gaps and investing in marketing and brand activation, including for NCAA football programming, optimizing our marketing mix, leveraging price-pack architecture and revenue growth management initiatives,
Slide 4: Forward-Looking Statements: Risk Factors
CONSTELLATION BRANDS Q2 FY27 FINANCIAL RESULTS CEO & CFO COMMENTARY • impacts of our acquisition, divestiture, investment, and new product development strategies and activities, including from the SpikedAde acquisition and the amount of contingent consideration, if any, that may be paid; • dependenc
Slide 5: Overarching Commentary
CONSTELLATION BRANDS Q2 FY27 FINANCIAL RESULTS CEO & CFO COMMENTARY Overarching Commentary During the second quarter, our portfolio of iconic brands continued to resonate with consumers. We have sharpened our execution and increased investment across the business, and we are beginning to see early r
Slide 6: Strategic Priorities: Brands and Next Wave Brands
CONSTELLATION BRANDS Q2 FY27 FINANCIAL RESULTS CEO & CFO COMMENTARY c. Kim Crawford is the #1 Sauvignon Blanc in the U.S. wine industry and continues to gain share, with depletions increasing approximately 11% during the quarter. We are driving these results through focused and disciplined execution
Slide 7: Diversifying with Discipline and Capital Allocation
CONSTELLATION BRANDS Q2 FY27 FINANCIAL RESULTS CEO & CFO COMMENTARY Business, and strong free cash flow. These strengths provide us with the flexibility to invest behind our highest-return organic growth opportunities while selectively expanding into new consumer demand spaces where we have a right
Slide 8: Q2 Fiscal 2027 Results Summary
CONSTELLATION BRANDS Q2 FY27 FINANCIAL RESULTS CEO & CFO COMMENTARY Q2 Fiscal 2027 Results Summary We delivered strong results during the second quarter, as Enterprise net sales and comparable operating income increased 6% and 1%, respectively. Turning to the drivers of our financial results in more
Slide 9: Beer Business Results
CONSTELLATION BRANDS Q2 FY27 FINANCIAL RESULTS CEO & CFO COMMENTARY Corona Extra, and Pacifico were the top-three dollar share gainers in packaged beer, while Modelo Especial and Pacifico ranked #3 and #5, respectively, among dollar share gainers in draft. • One additional sell day during the quarte
Slide 10: Fiscal 2027 Outlook
CONSTELLATION BRANDS Q2 FY27 FINANCIAL RESULTS CEO & CFO COMMENTARY Fiscal 2027 Outlook Looking ahead, our comparable outlook for fiscal 2027 remains unchanged. The following reiterates our outlook and provides additional considerations for the second half of the fiscal year: Beer Business • We expe
Slide 11: Defined Terms
CONSTELLATION BRANDS Q2 FY27 FINANCIAL RESULTS CEO & CFO COMMENTARY Defined Terms Unless the context otherwise requires, the terms “Company,” “CBI,” “STZ,” “we,” “our,” or “us” refer to Constellation Brands, Inc. and its subsidiaries. We use terms in this presentation that are specific to us or are
Slide 12: Defined Terms and Disclaimers
CONSTELLATION BRANDS Q2 FY27 FINANCIAL RESULTS CEO & CFO COMMENTARY Net interest Includes interest expense, interest income, and extinguishment of debt expense Premium Includes wine that sells between $11.00 to $24.99 per bottle at retail, sparkling wine that sells between $13.00 to $34.99 per bottl