Filing Flows › Constellation Brands (STZ) › Q2 FY27
Constellation Brands (STZ) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Oct 7, 2026
Constellation Brands (STZ) reported revenue of $2.8B for the second quarter fiscal 2027 (Q2 FY27), +6% from a year earlier and +9% from the quarter before. Operating margin was 28.6%, net earnings $566M (20.1% of revenue).
Constellation Brands, Q2 FY27: revenue $2.8B (+6% year over year), operating margin 28.6%, net earnings $566M, operating cash flow $817M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.8B | +9% | +6% |
| Gross profit | $1.4B | +5% | +6% |
| Operating profit | $805M | -5% | -8% |
| Net earnings | $566M | -13% | +21% |
| Operating cash flow | $817M | +23% | -4% |
| Free cash flow | $640M | +32% | +0.8% |
What changed
Revenue was $2.8B in Q2 FY27, up 6% year over year and up 9% from the previous quarter.
Gross margin was 49.5%, up 0.1 points from Q2 FY26. Operating profit was $0.81B, a 28.6% margin (down 4.4 points year over year). Operating profit fell $0.07B even though revenue rose $0.16B versus Q2 FY26, so costs grew faster than sales. Operating expenses grew 35% against revenue growth of 6%. Net earnings were $0.57B, up 21% year over year. The effective tax rate was 20.2%.
Operating cash flow was $0.82B (down 4% year over year), 140% of net income including minority interests. Non-cash charges added back $0.10B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.12B. Capital expenditures of $0.18B left free cash flow of $0.64B.
Questions
What was Constellation Brands' revenue in the second quarter fiscal 2027?
Constellation Brands (STZ) reported revenue of $2.8B for the second quarter fiscal 2027 (Q2 FY27), +6% from a year earlier and +9% from the quarter before.
Was Constellation Brands profitable in the second quarter fiscal 2027?
Operating profit was $805M (28.6% of revenue) and net earnings $566M.