Constellation Brands, Inc. (NYSE: STZ) showed solid financial performance in its latest quarterly report, surpassing Wall Street estimates on both earnings and revenue. The company's shares rose in after-hours trading on Wednesday following the release of these favorable results. Below is a detailed review of the significant data points and commentary from the company concerning the third quarter of fiscal 2026.
For the period, Constellation Brands posted earnings of $3.06 per share, outperforming the analyst consensus prediction of $2.64, based on Benzinga Pro data. Additionally, the quarter's revenue summed to $2.22 billion, exceeding the anticipated $2.16 billion figure forecasted by market analysts.
CEO Bill Newlands addressed the performance conditions, stating, 26The operating environment during the third quarter of fiscal 2026 remained challenged, which was in line with our expectations and relatively consistent with the prior quarter.27 He further highlighted that the companys Beer Business achieved growth in both dollar and volume market share within monitored distribution channels and succeeded in expanding its distribution points. Meanwhile, the Wine and Spirit Business continued to outperform the broader U.S. wine industry, illustrating strength in that segment amidst the prevailing challenges.
Looking ahead, Constellation Brands maintained its fiscal 2026 adjusted earnings per share guidance within a range of $11.30 to $11.60, positioning it around the analysts consensus estimate of $11.49. This outlook suggests managements confidence in sustaining its current trajectory over the coming quarters.
In response to the earnings announcement, Constellation Brands stock experienced a significant uplift during Wednesdays extended trading session, climbing 2.64% to reach a price of $144.20, based on data from Benzinga Pro.
This financial update underscores Constellation Brands ability to navigate a testing market environment with resilience across its key product segments, reflected in both stronger-than-expected earnings and revenue. The reaffirmed guidance also hints at steady performance expectations through the rest of the fiscal year.