Constellation Brands surges after sales, earnings beat

ReutersApr 9, 2026 3:45 PM

Shares of Corona beer maker Constellation Brands STZ.N surge 7% to over one-month high of $160.73 on Thurs after results top Wall Street's expectations

STZ stock on course for steepest daily pct advance since 7.3% gain on Apr 9, 2025, when broader markets rallied after President Trump paused "Liberation Day" tariffs

Co late Weds reported smaller-than-expected decline in Q4 sales, supported by steady demand for its Mexican lagers such as Pacifico and Victoria

STZ said lower prices and tighter marketing boosted demand for key beers such as Modelo Especial and Corona Sunbrew, even as broader U.S. alcohol demand remained subdued amid macro uncertainty

It posted 11% drop in quarterly net sales to $1.92 billion, above analysts’ expectations of $1.88 billion, while adj EPS of $1.90 beat consensus by 18 cents

Co said expects volatile operating environment and limited near-term visibility, prompting a withdrawal of its fiscal 2028 outlook

14 of 24 brokerages rate the stock "buy" or higher, 8 "hold" and 2 "sell"; median PT is $176 - data compiled by LSEG

With move on Thurs, stock up ~16% YTD, outperforming ~9% rise in S&P 500 Consumer Staples .SPLRCS

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