Constellation Brands reported third-quarter revenue of $2.63 billion, beating analyst estimates of $2.53 billion with 6.1% year-on-year growth, while adjusted EPS came in at $3.74 against estimates of $3.55. The company reconfirmed its full-year revenue guidance of $9 billion at the midpoint and reiterated full-year adjusted EPS guidance of $11.55 at the midpoint. Operating margin fell to 30.6% from 35.2% a year earlier, and market capitalization stands at $20.22 billion. On the earnings call, CEO Nicholas Fink said the beer business outperformed and accelerated meaningfully quarter-on-quarter, crediting marketing investments and brands like Pacifico and Modelo, and noted distributor inventory levels are now more balanced. CFO Garth Hankinson pointed to seasonality effects and ongoing cost controls as supporting improved gross margins in the second half, while Fink said RTD acquisitions such as SpikedAde are approached cautiously to ensure sustainability and fit with distribution strengths.
Constellation Brands Inc Class AQ3 revenue of $2.63B and adjusted EPS of $3.74 beat estimates, with full-year guidance reconfirmed.
