Stocks making the biggest moves premarket: Constellation Brands, Flutter Entertainment, Neogen & more

Neogen Corporation (NEOG) outlined its growth strategy at its 2026 Investor Day, targeting high-single-digit to low-double-digit revenue growth, high-50% adjusted gross margin, and 30% adjusted EBITDA margin by FY2031. The company plans to increase R&D investment by 50% in FY2027, aiming for $100M in incremental revenue from new products by FY2031. Neogen also highlighted its data platform, Neogen Analytics, as a key driver of recurring revenue and customer retention.

Constellation Brands (STZ) stock rose 2.4% after Q2 earnings beat expectations, with EPS at $3.32 and net income at $565.8M. Revenue increased 6.1% YoY. Management maintained full-year EPS guidance, citing strong beer sales and operational efficiency. Bears warn of rising costs and margin pressures. The stock trades at a 10.5x P/E.

Constellation Brands acquired SpikedAde, an alcoholic sports drink, for a potential $350 million. The deal expands SpikedAde's distribution through Constellation's beer, wine, and spirits network. SpikedAde will operate under Constellation's Beer Division, with the company handling production, marketing, and distribution.

Constellation Brands (STZ) stock rose after beating earnings expectations, with Q2 net sales of $2.63B and EPS of $3.74. Beer sales grew 5% to $2.47B, but inventory rebuilding raised questions about consumer demand. The company reaffirmed its full-year EPS forecast and acquired SpikedAde for up to $353M.

Coca-Cola (KO) is launching a prebiotic fiber-infused soda in a pilot program. Chipotle (CMG) is reportedly exploring takeover options, with speculation about a potential tie-up with Starbucks (SBUX). Constellation Brands (STZ) beat earnings expectations, with beer sales up 5%, but Modelo Especial and Corona Extra sales declined. The company acquired Spiked for up to $353 million.

Constellation Brands (STZ) reported Q2 2027 earnings, highlighting beer business growth. CEO Nicholas Fink noted distributor inventories are improving, with shipments and depletions expected to align closely for the full year. CFO Garth Hankinson discussed gross margin expansion, Veracruz depreciation, and share repurchases. The company plans to continue marketing investments and pursue disciplined M&A, including the Spiked Day acquisition.