Constellation Brands reports Q1 fiscal 27 results, keeps guidance

Constellation Brands (NYSE: STZ ) released first-quarter financial results and hosted an earnings call on Wednesday.

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For comprehensive financial data and transcripts, visit Access the full call at Summary Constellation Brands Inc reported a solid start to fiscal year 27, with strong shipment growth contributing to better-than-expected margins.

CEO Nick Fink emphasized the importance of leveraging consumer insights and commercial execution to maintain brand relevance and capitalize on new opportunities, particularly in emerging white spaces and consumer trends.

The company maintained its full-year guidance, citing a dynamic consumer environment and macroeconomic uncertainties, despite a strong first quarter.

Operational highlights included the successful scaling of brands like Modelo, Corona, and Pacifico, with strategic focus on maintaining brand saliency and relevance.

Management noted improvements in consumer demand as gas prices moderated, with encouraging trends observed in certain markets, though challenges persist in key regions like Texas and Florida.

Full Transcript OPERATOR Greetings.

Welcome to the Constellation Brands Inc fiscal year 27 first quarter earnings call.

At this time, all participants are in listen-only mode.

A question-and-answer session will follow the formal presentation.

If anyone today should require operator assistance during the conference, please press star 0 on your telephone keypad.

Please note that this conference is being recorded at this time.

I turn the conference over to Blair Venma, Vice President, Investor Relations.

Thank you.

You may now begin.

Blair Venma, Vice President, Investor Relations Thank you, Ralph.

Good morning all and welcome to Constellation Brands Inc Q1 fiscal 27 conference call.

I'm joined this morning by Nick Fink, our CEO, and Garth Hankinson, our CFO.

Before we proceed, we trust you have the opportunity to review the news release and CEO/CFO commentary made available in the Investor section of our company's website, On that note, as a reminder, reconciliations between the most directly comparable GAAP measure and any non-GAAP financial measures discussed on this call are included in the news release and website.

We also encourage you to refer to the news release and Constellation's SEC filings for risk factors that may impact forward-looking statements made on this call.

Before turning it over to Nick to kick things off, please keep in mind that, as usual, answers provided today will be referencing comparable results unless otherwise specified.

Lastly, in line with prior quarters, I would ask that you limit yourselves to one question per person, which will help us to end our call on time.

Thanks in advance.

Now over to you, Nick.

Nick Fink, CEO Thanks, Blair.

Good morning, everyone, and thank you for joining us.

Before we get into the Q&A, I'd like to share a few observations from my first two and a half months as CEO of Constellation Brands.

Having spent significant time in the market over the last several months, I am increasingly confident in the enduring strength of our brands and the role they continue to play in consumers' lives, even in periods when discretionary spending is more challenged.

Over time we have repeatedly shown an ability to create demand and scale brands through a combination of consumer insights, commercial execution, and disciplined investment.

That capability is reflected in the strength of our portfolio today.

Whether it's Modelo, Corona, Pacifico, Kim Crawford, or Mi Campo, these are brands with strong identities, deep consumer connections, and enduring relevance.

I also believe some of our greatest opportunities remain directly in front of us.

As brands become larger and more established, it is important to find new ways to remain relevant in consumers' lives.

That requires a deeper understanding of behavior, motivations, and the moments that matter most to consumers.