Filing Flows › Constellation Brands (STZ) › Q1 FY27 › vs Q4 FY26
Constellation Brands (STZ) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Constellation Brands's revenue rose $541M (+26%) from $2.0B in Q4 FY26 to $2.6B in Q1 FY27. Gross margin 51.0% against 46.4% (+4.5 pts).
Constellation Brands, Q1 FY27: revenue $2.6B (-3% year over year), operating margin 32.6%, net earnings $654M, operating cash flow $662M. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 51.0% | 46.4% | +4.5 pts |
| Operating margin | 32.6% | 21.5% | +11.1 pts |
| Net margin | 25.2% | 9.8% | +15.4 pts |
| Free cash flow margin | 18.7% | 16.8% | +1.9 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $2.6B | $2.0B | $541M | +26% |
| Gross profit | $1.3B | $952M | $369M | +39% |
| Cost of revenue | $1.3B | $1.1B | $172M | +16% |
| Operating profit | $845M | $442M | $404M | +91% |
| Operating expenses | $475M | $510M | −$34.8M | -7% |
| Pre-tax earnings | $760M | $351M | $409M | +116% |
| Other expense, net | $85.3M | $90.4M | −$5.1M | -6% |
| SG&A | $457M | $420M | $36.5M | +9% |
| Other operating costs | $18.3M | $89.6M | −$71.3M | -80% |
| Net earnings | $654M | $202M | $452M | +224% |
| Minority interests | $18.1M | $22.9M | −$4.8M | -21% |
| Income tax | $88.1M | $126M | −$38.4M | -30% |
| Depreciation & amortization | $97.9M | $112M | −$14.2M | -13% |
| Share-based compensation | $15.0M | $19.7M | −$4.7M | -24% |
| Working capital & other | $105M | −$229M | $334M | — |
| Operating cash flow | $662M | $563M | $99.0M | +18% |
| Free cash flow (OCF − capex) | $485M | $344M | $141M | +41% |
| Capital expenditures | $177M | $219M | −$41.7M | -19% |
Questions
How much did Constellation Brands's revenue grow quarter over quarter in Q1 FY27?
Constellation Brands's revenue rose $541M (+26%) from $2.0B in Q4 FY26 to $2.6B in Q1 FY27. Gross margin 51.0% against 46.4% (+4.5 pts).