STZ · 8-K · 20261006PR000039

Income Tax Rate Changes

CONSTELLATION BRANDS, INC. · 2026-10-06 · Importance 61 · Surprise 56

The reported effective tax rate for the second quarter was 20.2%, down from 37.9% a year earlier. Income tax provision declined to $147.1 million from $296.8 million, a $149.7 million reduction, while pretax income decreased to $729.4 million from $782.9 million. Fiscal 2027 guidance estimates a tax rate of approximately 12% on a reported basis and 20% on a comparable basis.

Key facts

• Constellation’s FY2027 reported tax-rate outlook is approximately 12%, and comparable tax-rate outlook is approximately 20%. source
• Constellation’s six-month income tax provision was $235.2 million for the period ended August 31, 2026, compared with $384.4 million in the prior-year period. source
• Constellation’s reported effective tax rate for the three months ended August 31, 2026 was 20.2%, compared with 37.9% in the prior-year quarter. source