🔴 Constellation Brands is trading 4.3% down in pre-market after lower annual operating-margin guidance

Constellation Brands is trading 4.32% down at $110.05 after its October 6 fiscal Q2 2027 report and a lower annual operating-margin forecast.

• Earnings and adjusted revenue beat estimates; depletions fell 0.6% as shipments rose 5.5%, and annual operating-margin guidance fell to 31%–32% from 32%–33%.
• Reuters reported shares fell 4.5% in extended trading. The SpikedAde deal was announced for $75 million upfront, with up to $278 million in contingent payments; reporting did not identify it as the cause of the decline.