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Constellation Brands Withdraws 2028 Outlook Amid Weak Demand

4/9/2026

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Summary

Story summary

Constellation Brands withdrew its fiscal 2028 outlook due to weaker demand amid economic uncertainty, according to CEO Bill Newlands.
Nicholas Fink was appointed chief executive officer, effective April 13.
In the fourth quarter, earnings per share were $1.90 and revenue was $1.92 billion.
Fiscal 2026 net sales fell 3%, and the company expects adjusted EPS for fiscal 2027 between $11.20 and $11.90, below the $12.36 estimate.

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Story summary

Constellation Brands withdrew its fiscal 2028 outlook due to weaker demand amid economic uncertainty, according to CEO Bill Newlands.
Nicholas Fink was appointed chief executive officer, effective April 13.
In the fourth quarter, earnings per share were $1.90 and revenue was $1.92 billion.
Fiscal 2026 net sales fell 3%, and the company expects adjusted EPS for fiscal 2027 between $11.20 and $11.90, below the $12.36 estimate.