Filing Flows › Constellation Brands (STZ) › Q1 FY27
Constellation Brands (STZ) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jul 1, 2026
Constellation Brands (STZ) reported revenue of $2.6B for the first quarter fiscal 2027 (Q1 FY27), -3% from a year earlier and +26% from the quarter before. Operating margin was 32.6%, net earnings $654M (25.2% of revenue).
Constellation Brands, Q1 FY27: revenue $2.6B (-3% year over year), operating margin 32.6%, net earnings $654M, operating cash flow $662M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.6B | +26% | -3% |
| Gross profit | $1.3B | +39% | +4% |
| Operating profit | $845M | +91% | +18% |
| Net earnings | $654M | +224% | +27% |
| Operating cash flow | $662M | +18% | +4% |
| Free cash flow | $485M | +41% | +9% |
What changed
Revenue was $2.6B in Q1 FY27, down 3% year over year and up 26% from the previous quarter.
Gross margin was 51.0%, up 3.7 points from Q1 FY26. Operating profit was $0.85B, a 32.6% margin (up 6.0 points year over year). Operating expenses fell 14% while revenue fell 3%. Net earnings were $0.65B, up 27% year over year. The effective tax rate was 11.6%.
Operating cash flow was $0.66B (up 4% year over year), 98% of net income including minority interests. Non-cash charges added back $0.10B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.12B. Capital expenditures of $0.18B left free cash flow of $0.48B.
Questions
What was Constellation Brands' revenue in the first quarter fiscal 2027?
Constellation Brands (STZ) reported revenue of $2.6B for the first quarter fiscal 2027 (Q1 FY27), -3% from a year earlier and +26% from the quarter before.
Was Constellation Brands profitable in the first quarter fiscal 2027?
Operating profit was $845M (32.6% of revenue) and net earnings $654M.