Constellation Brands (STZ) reports Q1 Fiscal 2027 net sales down 3.3% but adjusted earnings beat analyst expectations.

Constellation Brands announced its first-quarter fiscal 2027 results, with net sales declining 3.3% year-over-year to $2.43 billion due to softening consumer demand. However, adjusted earnings per share of $3.43 surpassed analyst estimates of $3.19. The decline was primarily in the wine and spirits segment, while beer revenue saw a 2% increase.