Constellation Brands (STZ) surpassed analyst expectations for the fourth quarter of fiscal 2026. The company reported adjusted earnings of $1.90 per share. Quarterly revenue reached $1.92 billion, driven primarily by the Modelo Especial beer brand.
Alongside the results, the company raised its quarterly dividend by 1% to $1.03 per share.
Shares declined in pre-market and extended trading following the announcement. Management issued a cautious outlook for fiscal year 2027 and completely withdrew its fiscal 2028 long-term guidance. The company cited demand uncertainty and a dynamic operating environment for the shift in projections.