Constellation Brands posts Q2 FY2027 earnings beat, raises dividend and acquires SpikedAde
Constellation Brands reported second‑quarter fiscal 2027 net sales of $2.633 billion and GAAP earnings of $3.32 per share, while non‑GAAP earnings were $3.74 per share. Beer sales grew 5% and wine‑and‑spirits sales rose 17% year‑over‑year. The company updated its full‑year EPS outlook to $11.85‑$12.55 (reported) and $11.20‑$11.90 (comparable) and completed the acquisition of SpikedAde for $75 million with up to $278 million in contingent payments.
Why it matters
The earnings beat and higher dividend may support the stock, but the lowered full‑year EPS guidance could pressure the share price, as noted by the company’s own outlook revision. Analysts at BMO reiterated their rating after the beat, indicating continued coverage.
Key facts
- 1Net sales for Q2 FY2027 were $2.633 billion. marketscreener.com
- 2GAAP EPS for the quarter was $3.32 per share. investing.com
- 3Non‑GAAP (comparable) EPS for the quarter was $3.74 per share. marketscreener.com
- 4Beer net sales increased 5% year‑over‑year. marketscreener.com
- 5Wine and spirits net sales increased 17% year‑over‑year. marketscreener.com
- 6Full‑year reported EPS guidance was revised to $11.85‑$12.55, and comparable EPS guidance to $11.20‑$11.90. marketscreener.com
Summary written by AlphAI AI Desk from 20 of 60 sources. Not investment advice. Figures are as stated by the linked sources.