Constellation Brands (STZ) Q4 FY26 earnings call

Constellation Brands reported Q4 FY26 results marked by strong momentum in its beer business, particularly Modelo Especial, Pacifico, and Victoria, despite a challenging consumer environment. The company is undergoing a leadership transition with Nicholas Fink taking over as CEO. While beer margins are guided lower for FY27 due to new brewery costs and increased investments, the company remains optimistic about its long-term growth strategy and disciplined capital allocation, with Wine & Spirits facing continued headwinds.