Constellation Brands (STZ) Research

Forward Estimates

EPS Estimates

Current Qtr

$3.27

$3.04$3.52

vs $3.22+1.5%

17 analysts

Next Qtr

$3.72

$3.45$3.94

vs $3.63+2.5%

17 analysts

Current Yr

$11.81

$11.22$12.45

vs $11.82-0.1%

23 analysts

Next Yr

$12.45

$10.76$13.13

vs $11.81+5.5%

22 analysts

Revenue Estimates

Current Qtr

$2.41B

$2.33B$2.50B

vs $2.52B-4.0%

14 analysts

Next Qtr

$2.55B

$2.50B$2.62B

vs $2.48B+3.0%

14 analysts

Current Yr

$9.10B

$8.93B$9.30B

vs $9.14B-0.4%

21 analysts

Next Yr

$9.27B

$8.84B$9.45B

vs $9.10B+1.9%

20 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for STZ on EDGAR.

STZ filing events and research context
Filed	Item	Context
Apr 22, 2026	business	Constellation Brands is an international producer of beer, wine, and spirits with significant operations in the U.S., Mexico, New Zealand, and Italy. The company’s strategic focus is centered on consumer-led premiumization, prioritizing higher-margin, high-growth categories. The Beer segment remains a dominant force, featuring the #1 U.S. beer brand, Modelo Especial, alongside Corona Extra, Pacifico, and Victoria. To support projected growth, the company is executing a massive capacity expansion, with approximately $800 million in planned capital expenditures for Fiscal 2027 focused on modular brewery additions. In the Wine and Spirits segment, Constellation has transitioned to an exclusively high-end portfolio—including brands like Kim Crawford, Ruffino, and High West—following the divestiture of its mainstream wine brands in June 2025. While the broader wine category is experiencing deceleration, the company is targeting growth through expanded DTC channels and international markets. Analysts should note the company's exposure to seasonal demand cycles, intense competition from multinational beverage alcohol suppliers, and critical supply chain dependencies, particularly regarding glass sourcing and agricultural inputs.
Apr 22, 2026	mda	Constellation Brands is executing a strategic pivot toward premiumization, underscored by a $2.74 billion goodwill impairment and $57 million trademark impairment in its Wine and Spirits segment during Fiscal 2025. These write-downs stem from declining U.S. wholesale demand for mainstream and premium wine brands. To refocus on higher-end portfolios, the company completed significant divestitures, including the SVEDKA brand and various mainstream wine assets. The Beer segment remains the core driver; although Fiscal 2026 Beer net sales fell 3% due to a 3.8% decline in shipment volume, favorable pricing provided a partial offset. Management is heavily investing in "Brewery Projects" to support anticipated growth, with capital expenditures totaling $875 million in Fiscal 2026. To enhance operational efficiency, the 2025 Restructuring Initiative aims to deliver over $200 million in net annualized cost savings by Fiscal 2028. Key risks include macroeconomic headwinds—such as inflation and reduced discretionary consumer spending—and volatility in trade policies and tariffs. Despite these challenges, liquidity remains strong, supported by $2.67 billion in operating cash flow and a reduced total debt position of $10.57 billion.
Apr 22, 2026	risk_factors	Constellation Brands faces multifaceted market risks, primarily driven by volatility in foreign exchange rates—specifically the Mexican peso, New Zealand dollar, Canadian dollar, and euro—and fluctuations in commodity prices for aluminum, corn, diesel fuel, and natural gas. Interest rate risk is significant due to variable-rate debt tied to SOFR. The company’s financial profile is heavily influenced by its Beer segment’s capital-intensive Brewery Projects, with approximately $800 million in planned expenditures for Fiscal 2027. A critical historical risk involves the Wine and Spirits segment, which recently underwent massive goodwill impairments totaling over $2.25 billion due to declining U.S. wholesale market trends in mainstream and premium wine brands. Strategic restructuring is evident through the divestiture of the SVEDKA brand and various wine assets to optimize the portfolio. Furthermore, the company manages substantial long-term debt of $10.3 billion and complex international tax exposures, including $254.1 million in unrecognized tax benefits and potential impacts from the OB3 Act. These factors, combined with the ongoing execution of the 2025 Restructuring Initiative, necessitate disciplined capital allocation to maintain liquidity and support the $4 billion share repurchase authorization.

Filed

Item

Context

Apr 22, 2026

business

Constellation Brands is an international producer of beer, wine, and spirits with significant operations in the U.S., Mexico, New Zealand, and Italy. The company’s strategic focus is centered on consumer-led premiumization, prioritizing higher-margin, high-growth categories. The Beer segment remains a dominant force, featuring the #1 U.S. beer brand, Modelo Especial, alongside Corona Extra, Pacifico, and Victoria. To support projected growth, the company is executing a massive capacity expansion, with approximately $800 million in planned capital expenditures for Fiscal 2027 focused on modular brewery additions. In the Wine and Spirits segment, Constellation has transitioned to an exclusively high-end portfolio—including brands like Kim Crawford, Ruffino, and High West—following the divestiture of its mainstream wine brands in June 2025. While the broader wine category is experiencing deceleration, the company is targeting growth through expanded DTC channels and international markets. Analysts should note the company's exposure to seasonal demand cycles, intense competition from multinational beverage alcohol suppliers, and critical supply chain dependencies, particularly regarding glass sourcing and agricultural inputs.

Apr 22, 2026

mda

Constellation Brands is executing a strategic pivot toward premiumization, underscored by a $2.74 billion goodwill impairment and $57 million trademark impairment in its Wine and Spirits segment during Fiscal 2025. These write-downs stem from declining U.S. wholesale demand for mainstream and premium wine brands. To refocus on higher-end portfolios, the company completed significant divestitures, including the SVEDKA brand and various mainstream wine assets. The Beer segment remains the core driver; although Fiscal 2026 Beer net sales fell 3% due to a 3.8% decline in shipment volume, favorable pricing provided a partial offset. Management is heavily investing in "Brewery Projects" to support anticipated growth, with capital expenditures totaling $875 million in Fiscal 2026. To enhance operational efficiency, the 2025 Restructuring Initiative aims to deliver over $200 million in net annualized cost savings by Fiscal 2028. Key risks include macroeconomic headwinds—such as inflation and reduced discretionary consumer spending—and volatility in trade policies and tariffs. Despite these challenges, liquidity remains strong, supported by $2.67 billion in operating cash flow and a reduced total debt position of $10.57 billion.

Apr 22, 2026

risk_factors

Constellation Brands faces multifaceted market risks, primarily driven by volatility in foreign exchange rates—specifically the Mexican peso, New Zealand dollar, Canadian dollar, and euro—and fluctuations in commodity prices for aluminum, corn, diesel fuel, and natural gas. Interest rate risk is significant due to variable-rate debt tied to SOFR. The company’s financial profile is heavily influenced by its Beer segment’s capital-intensive Brewery Projects, with approximately $800 million in planned expenditures for Fiscal 2027. A critical historical risk involves the Wine and Spirits segment, which recently underwent massive goodwill impairments totaling over $2.25 billion due to declining U.S. wholesale market trends in mainstream and premium wine brands. Strategic restructuring is evident through the divestiture of the SVEDKA brand and various wine assets to optimize the portfolio. Furthermore, the company manages substantial long-term debt of $10.3 billion and complex international tax exposures, including $254.1 million in unrecognized tax benefits and potential impacts from the OB3 Act. These factors, combined with the ongoing execution of the 2025 Restructuring Initiative, necessitate disciplined capital allocation to maintain liquidity and support the $4 billion share repurchase authorization.

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