Constellation Brands Inc Class A

STZ: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Constellation: Slashing Fair Value Estimate and Raising Uncertainty Rating on Consumption Headwinds

Kristoffer Inton

Apr 16, 2026

Constellation Brands' fiscal 2026 sales dropped 10% on an organic basis, with beer down 3% and wine and spirits down 14% amid headwinds in alcohol consumption. Operating deleverage caused the comparable operating margin to contract 180 basis points to 32.2%.

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Constellation Brands Inc Class A

Constellation: Slashing Fair Value Estimate and Raising Uncertainty Rating on Consumption Headwinds

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