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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 |
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Enterprise net sales were roughly unchanged year-over-year as beer depletions sequentially accelerated but the overall beer guidance was lowered from 6-8% to 4-7% net sales growth on persistent macroeconomic headwinds. Comparable EPS guidance was also lowered with the midpoint moving to $13.60 from $13.70, while wine and spirits continued its negative revision cycle and the SVEDKA divestiture was completed. Strong capital returns and approaching free cash flow inflection contrasted with the challenging consumer environment.
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 |
Calendar quarter Q4 2024Earnings call Jan 10, 2025
FY2025 Q3 in brief
Enterprise net sales were roughly unchanged year-over-year as beer depletions sequentially accelerated but the overall beer guidance was lowered from 6-8% to 4-7% net sales growth on persistent macroeconomic headwinds.
Newest quarter FY2027 Q2 is part of Pro · see what Pro adds →
Sources. Tellvest earnings-call sentiment score for Constellation Brands (STZ), FY2025 Q3: 3/10. 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.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2025 Q3Selected | $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 Q1 | $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).
GAAP revenue YoY -0.30% → base 5. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
What STZ and other companies said about each other on FY2025 Q3 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“I mean, Coors Banquet is a fine example of that, right? It's the number one fastest growing beer brand, beating out Modelo and we're gaining distribution.”
Molson Coors highlights Coors Banquet outgrowing Modelo (a Constellation Brands beer brand) as evidence of core brand strength and share gains.
“Comparable EPS was $3.25 for the quarter and was relatively flat year-over-year as the decline in comparable operating income was offset by favorability in unconsolidated investments from the transition in our Canopy ownership to exchangeable shares and the impact of a more favorable comparable effective tax rate.”
Constellation Brands' EPS benefited from favorability tied to the restructuring of its Canopy Growth equity stake into exchangeable shares, reflecting an ongoing shift in how it accounts for its cannabis investment.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
STZ Constellation Brands | 3 | -0.3% | |
| BF-B Brown–Forman | 4 | -1.1% |