Piper Sandler Maintains Neutral on Constellation Brands, Lowers Price Target to $125

Constellation Brands Leaders Discuss Marketing Strategies at BREW 'Making Moves' Event

Executives from Constellation Brands participated in a panel discussion regarding modern marketing tactics, including social media and influencer partnerships, at the annual 'Making Moves' event.

Benzinga Bulls and Bears: Nvidia, Lumentum, Planet Labs

Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.

STZ Q2 Earnings Call Highlights Improving Demand and Outlook

Constellation Brands (STZ) reaffirmed its fiscal 2027 EPS guidance of $11.20-$11.90 during its Q2 earnings call, citing improving September beer demand, stronger marketing execution, and healthier distributor inventories. The company beat earnings expectations ($3.74 vs. $3.62 consensus) and revenue estimates ($2.63B vs. $2.57B consensus). While Pacifico and Victoria showed strong growth (20% and mid-teens respectively), Modelo and Corona faced headwinds. Management projects second-half beer margins of 34.5%-35.5% amid higher marketing costs and seasonal weakness.

Shares of consumer staple companies are trading higher, possibly as high yields, rate expectations and inflation concerns incentivize cash dividend investments. PepsiCo's strong Q3 financial results may lend confidence to dividend strength.