STZ · 10-Q · 2026Q3 · Full report

Revenue Performance and Mix

CONSTELLATION BRANDS, INC. · 2026-10-07 · Importance 36 · Surprise 14 · In source text

Second-quarter 2027 consolidated net sales increased 6% to $2,633.0 million, with Beer sales up $128.6 million to $2,473.6 million and Wine and Spirits sales up $23.4 million to $159.4 million. Beer shipments grew 5.5% in the quarter, contributing $130.2 million of sales growth, while pricing added $12.8 million and package-mix shifts reduced sales by $14.4 million; depletions declined 0.6%. Wine and Spirits shipments increased 15.4% in the quarter, with $21.4 million of branded shipment growth and favorable mix. For the six months, consolidated sales increased 1% to $5,065.7 million: Beer sales rose 4% to $4,757.1 million, while Wine and Spirits sales fell 26% to $308.6 million, including a $142.0 million reduction from the 2025 Wine Divestitures; organic Wine and Spirits sales increased $34.1 million and organic shipments rose 11.5%.

Key facts

• Second Quarter 2027 Beer net sales increased by $130.2 million from shipment volume growth as distributors sought to rebuild inventory days-on-hand, and by $12.8 million from favorable pricing, partly offset by $14.4 million of unfavorable product mix, primarily from package-type shifts. source
• In Six Months 2027, Beer shipment volume growth contributed $170.9 million to net sales, favorable pricing contributed $30.7 million, and unfavorable product mix, primarily package-type shifts, reduced sales by $24.0 million. source
• Six Months 2027 Wine and Spirits net sales declined by $142.0 million from the 2025 Wine Divestitures, partly offset by a $34.1 million increase in organic net sales. source
• Second Quarter 2027 consolidated net sales increased 6%, primarily driven by shipment volume growth of 5.5% in Beer and 15.4% in Wine and Spirits. source
• Six Months 2027 organic Wine and Spirits net sales growth was primarily driven by $38.0 million of branded shipment volume growth, benefiting from strategic pricing on select U.S. wholesale brands, partly offset by lower non-branded bulk sales. source
• Six Months 2027 consolidated net sales increased 1%, primarily due to 3.7% Beer shipment volume growth, partly offset by the 2025 Wine Divestitures despite 11.5% organic Wine and Spirits shipment volume growth. source
• Second Quarter 2027 Wine and Spirits net sales increased primarily because of $21.4 million of branded wine and spirits shipment volume growth and favorable product mix; volume growth benefited from strategic pricing on select U.S. wholesale brands. source

Impact estimates