STZ · News · 20261008N

Operating Margin Drivers

CONSTELLATION BRANDS, INC. · 2026-10-08 · Importance 31 · Surprise 32

Constellation Brands’ beer operating margin decreased 160 basis points year over year in fiscal Q2 2027. The decline accompanied reported beer sales growth of 5% to $2.47 billion. Reporting also cited increased marketing investment in the beer segment as a driver of sales performance.

Key facts

• Constellation Brands reported that increased marketing investments, particularly in Beer, and the success of Pacifico and Modelo contributed to its outperformance. source