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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Filippo Falorni | Citigroup | 10 questions · 0% challenging |
| Bonnie Herzog | Goldman Sachs | 9 questions · 22% challenging |
| Dara Mohsenian | Morgan Stanley | 9 questions · 33% challenging |
| Lauren Lieberman | Barclays | 7 questions · 43% challenging |
| Rob Ottenstein | Evercore ISI | 7 questions · 14% challenging |
| Kaumil Gajrawala | Jefferies | 6 questions · 50% challenging |
| Nik Modi | RBC Capital Markets | 6 questions · 67% challenging |
| Chris Carey | Wells Fargo | 6 questions · 33% challenging |
| Rob Moskow | TD Cowen | 5 questions · 0% challenging |
| Peter Galbo | Bank of America | 5 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Citigroup | 1 analyst | 10 questions · 0% challenging |
| Goldman Sachs | 1 analyst | 9 questions · 22% challenging |
| Morgan Stanley | 1 analyst | 9 questions · 33% challenging |
| Bank of America | 2 analysts | 7 questions · 14% challenging |
| Barclays | 1 analyst | 7 questions · 43% challenging |
| Evercore ISI | 1 analyst | 7 questions · 14% challenging |
| JPMorgan | 2 analysts | 6 questions · 0% challenging |
| Jefferies | 1 analyst | 6 questions · 50% challenging |
Calendar quarter Q2 2026Earnings call Jul 1, 2026
FY2027 Q1 in brief
Constellation Brands delivered a solid start to fiscal 2027 with beer gross margins of 39% and 1.8% shipment growth, even as total GAAP net sales declined about 3% amid the wine & spirits divestiture and a volatile consumer backdrop.
Newest quarter is part of Pro ·
Sources. Tellvest earnings-call sentiment score for Constellation Brands (STZ), FY2027 Q1: 5/10. Scores: Constellation Brands’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: STZ daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
No 8-K events recorded for this window.
GAAP revenue YoY -3.26% → base 4. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
Constellation Brands delivered a solid start to fiscal 2027 with beer gross margins of 39% and 1.8% shipment growth, even as total GAAP net sales declined about 3% amid the wine & spirits divestiture and a volatile consumer backdrop. A strong March faded into softer April and May as gas prices spiked well over 50%, before a modest late-quarter reacceleration that carried into June around World Cup activity. Management maintained FY27 beer net sales guidance and the full-year outlook, unwilling to change course after one good quarter given limited macro visibility, while stepping up marketing spend to exceed 10% of net sales in Q2 and Q3. New CEO Nick Fink emphasized a refined playbook for scaled brands like Corona and Modelo alongside disciplined white-space bets such as Corona non-alcoholic, now #4 in its category.
Demand | Competitive Dynamics | Margin | Guidance Reliability | Macroeconomic | Cost Pressure | Capex Investment | Capital Allocation | |
|---|---|---|---|---|---|---|---|---|
| 2025Q2 | 4 | 4 | 2 | 2 | 1 | 1 | 2 | |
| 2025Q3 | 6 | 4 | 2 | 2 | 3 | 2 | 2 | |
| 2025Q4 | 9 | 4 | 7 | 4 | 6 | 4 | 2 | 1 |
| 2026Q1 | 8 | 4 | 1 | 1 | 3 | 1 | ||
| 2026Q2 | 11 | 6 | 4 | 2 | 1 | 2 | 1 | 1 |
| 2026Q3 | 9 | 5 | 3 | 3 | 1 | 2 | 1 | 1 |
| 2026Q4 | 5 | 3 | 4 | 2 | 1 | 3 | 1 | |
| 2027Q1 | 7 | 5 | 1 | 1 | 2 | 1 |
| '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | '26Q3 | '26Q4 | '27Q1 | |
|---|---|---|---|---|---|---|---|---|
| Demand | 4 | 6 | 9 | 8 | 11 | 9 | 5 | 7 |
| Competitive Dynamics | 4 | 4 | 4 | 4 | 6 | 5 | 3 | 5 |
| Margin | 2 | 2 | 7 | 1 | 4 | 3 | 4 | 1 |
| Guidance Reliability | 2 | 2 | 4 | 1 | 2 | 3 | 2 | 1 |
| Macroeconomic | 1 | 3 | 6 | 3 | 1 | 1 | 2 | |
| Cost Pressure | 1 | 4 | 1 | 2 | 2 | 1 | 1 | |
| Capex Investment | 2 | 2 | 1 | 1 | 3 | |||
| Capital Allocation | 2 | 2 | 1 | 1 | 1 | 1 |
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2025 Q3 | $2.46B | -0.3% | $3.39 | +22.8% | 51.0% | 31.8% | 25.0% | $457M |
| FY2025 Q4 | $2.16B | +1.2% | $-2.09 | -197.7% | 51.1% | 40.5% | -17.3% | $312M |
| FY2026 Q1 | $2.51B | -5.5% | $2.90 | -39.6% | 50.8% | 31.7% | 20.5% | $444M |
| FY2026 Q2 | $2.48B | -15.0% | $2.65 | +140.2% | 52.8% | 35.2% | 18.8% | $635M |
| FY2026 Q3 | $2.22B | -9.8% | $2.88 | -15.0% | 53.2% | 31.1% | 22.6% | $371M |
| FY2026 Q4 | $1.92B | -11.3% | $1.16 | +155.5% | 49.6% | 26.0% | 10.5% | $344M |
| FY2027 Q1Selected | $2.43B | -3.3% | $3.79 | +30.7% | 54.3% | 34.7% | 26.9% | $485M |
| FY2027 Q2 | $2.63B | +6.1% | $3.32 | +25.3% | 52.9% | 30.6% | 21.5% | $-485M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
STZ Constellation Brands | 5 | -3.3% | |
| BF-B Brown–Forman | 5 | +2.0% |