Jim Cramer said on the October 2 episode of Mad Money that Constellation Brands faces a genuine contraction in certain liquors and a steep slowdown in beer sales ahead of its scheduled October 6 earnings release. The company is set to report fiscal second-quarter 2027 results after the market closes on October 6, with its earnings call on October 7; its latest published quarterly results remain those for the period ended May 31. In its fiscal first-quarter 2027, beer sales rose 2% to approximately $2.28 billion and beer operating income also rose 2%, with Pacifico depletions up approximately 21%, Victoria up 14% and Modelo Chelada up 6%, while the remaining wine and spirits portfolio recorded 8% organic net sales growth and its reported sales decline of 47% reflected divestitures. Weakness persisted in the largest beer brands, as total beer depletions fell 0.3%, including an approximately 2% decline for Modelo Especial and a decline exceeding 5% for Corona Extra, while beer shipments increased 1.8%. The stock is down 19% for the year and trades at a forward earnings multiple of approximately 9.6x, compared with 7.8x for Molson Coors, and Insider Monkey's Q2 data tracking over 1000 hedge funds showed 59 hedge funds holding the stock versus 56 in the preceding quarter, with Harris Associates the top shareholder at nearly 3.1 million shares and short interest at 5.69% of the public float.
Constellation Brands Inc Class ACramer flags a steep slowdown in beer sales and contraction in certain liquors ahead of Constellation's Oct 6 earnings
Molson Coors Brewing Co Class B
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