Quarterly ResultJul 1, 2026, 02:08 PM
Constellation Brands Q1 Net Income $653.8M, EPS $3.79
AI Summary
Constellation Brands reported mixed results for the first quarter of fiscal year 2027, with net income attributable to CBI increasing to $653.8 million, or $3.79 diluted EPS, compared to the prior year. However, net sales for the quarter decreased to $2,432.7 million. The company also completed the acquisition of the remaining ownership interest in HOPWTR and finalized the New Zealand Wine Divestitures, which resulted in an $18.3 million net loss. Additionally, Constellation Brands issued $500.0 million in new senior notes and redeemed $600.0 million of existing senior notes.
Key Highlights
- Net income attributable to CBI increased to $653.8 million for Q1 FY27.
- Diluted earnings per share rose to $3.79 for the quarter.
- Net sales decreased to $2,432.7 million for the three months ended May 31, 2026.
- Operating income increased to $845.3 million for the quarter.
- Acquired remaining ownership of HOPWTR in April 2026.
- Completed New Zealand Wine Divestitures in June 2026, incurring an $18.3M loss.
- Issued $500.0 million 4.85% senior notes in May 2026.
- Redeemed $600.0 million 3.70% senior notes in May 2026.
- Declared cash dividends of $1.03 per common share.
Price Impact
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