STZ is trading 0.41% down at $139.09 today, despite reporting a strong fiscal Q1 earnings beat and reaffirming its full-year outlook. The company's adjusted EPS of $3.43 and revenue of $2.43 billion surpassed analyst expectations for the quarter ended May 2026. While beer net sales increased by 2% year-over-year, significant declines in Wine & Spirits net sales (-47%) and broader market dynamics may have contributed to the stock's performance.