Constellation Brands (STZ) exceeded analyst expectations for revenue and earnings per share in its fourth-quarter and full-year fiscal 2026 results.
The company reported adjusted fourth-quarter earnings of $1.90 per share. Quarterly revenue reached $1.92 billion. While results beat estimates, sales figures showed a year-over-year decline.
Management issued a cautious financial outlook for fiscal 2027. Despite the guidance, the stock climbed more than 8% as investors focused on capital allocation.
Constellation returned over $1.6 billion to shareholders through buybacks and dividends during fiscal 2026. The company also announced an increase to its quarterly dividend. Markets prioritized strong cash flow and shareholder returns over softer near-term growth forecasts.