Constellation Brands (STZ) shares fell approximately 4.8% on Monday. Multiple analysts reduced their price targets following the company's latest earnings report. Investors expressed concern over full-year guidance that missed Wall Street expectations.
The company released its first-quarter fiscal 2027 results on June 30, 2026. Quarterly revenues totaled $2.43 billion. Comparable earnings reached $3.43 per share, surpassing consensus estimates.
Net sales for the beer business grew by 2%. Total revenue declined 3.3% year-over-year. Divestitures within the Wine & Spirits division primarily caused the overall revenue drop.