全球知名酒业集团星座品牌（Constellation Brands，NYSE: STZ）近日公布截至2025年8月31日的2026财 年第二季度财报。尽管整体净销售额同比下降15%至24.81亿美元，但公司成功实现从上年同期巨亏12 亿美元到盈利4.66亿美元的戏剧性反转，营业利润更是由亏转盈至8.74亿美元。这一业绩分化背后，既 反映了星座品牌通过剥离非核心资产、聚焦核心业务的战略成效，也暴露出其葡萄酒与烈酒业务持续萎 缩的深层挑战。 财务数据：销售下滑但盈利修复，啤酒业务"一枝独秀" 从核心指标来看，星座品牌本季度业绩呈现"销售降、利润升"的矛盾特征： · 净销售额：24.81亿美元，同比减少15%（2025财年同期为29.19亿美元），主要受葡萄酒和烈酒业务拖 累； · 营业利润：8.74亿美元，较上年同期的12.29亿美元营业亏损大幅改善，主要得益于成本控制及资产剥 离收益； · 净利润：4.66亿美元，同比扭亏为盈（上年同期净亏损12亿美元），每股收益（EPS）从-5.86美元跃 升至2.17美元。 业务分拆： · 啤酒业务：净销售额23.45亿美元，同比下降12%，但仍是绝对核心，占整体营收的94 ...

A month has gone by since the last earnings report for Constellation Brands (STZ) . Shares have added about 11.9% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Constellation Brands due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important drivers.Constellation Brands' Q3 Earnings & Sales ...

Core Insights - The U.S. equity markets reached new all-time highs in Q4 2025, with the S&P 500 Index increasing by 2.66% and the Bloomberg U.S. Aggregate Bond Index rising by 1.10% [1] - Value stocks outperformed growth stocks during this period, and the U.S. economy demonstrated resilience [1] - Artificial intelligence emerged as a significant theme, with over 300 S&P 500 companies mentioning "AI" in earnings calls, positively impacting mega-cap tech stocks [1] - Concerns were raised regarding AI revenue circularity, capital spending, and long-term investment returns [1] - The Composite returned 1.45% pure gross of fees (0.95% net of fees), underperforming the Russell 1000 Value Index's 3.8% gain and the S&P 500 Index's 2.66% gain [1] Company Analysis: Constellation Brands, Inc. (NYSE:STZ) - Constellation Brands, Inc. is a leading U.S.-based manufacturer of beer, wine, and spirits, with a market capitalization of $27.963 billion [2] - The stock closed at $160.62 per share on February 3, 2026, delivering a 14.33% return in the past month, but down 7.08% over the past twelve months [2] - The company was first invested in during Q4 2021, benefiting from its dominant share in the fast-growing Mexican imports segment of U.S. beer, supported by brands like Modelo, Corona, and Pacifico [3] - Despite the long-term strategic rationale remaining intact, the expansion of shelf space and distribution progressed more slowly than expected, and challenges in the Wine & Spirits segment delayed margin recovery [3] - As a result, the company was identified as the most appropriate candidate for sale to fund a new investment in Q1 2026 [3]

Players in the Zacks Beverages – Alcohol industry remain under pressure as inflation continues to drive higher costs across labor, transportation and raw materials. Rising ingredient prices, shipping expenses and packaging costs are compressing margins, while elevated spending on marketing, promotions and day-to-day operations is weighing on profitability. Adding to these challenges, tariffs pose a further risk to the U.S. beverage alcohol market by increasing prices for imported brands, softening consumer ...

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Key Points Constellation Brands owns some well-known brands in the beer, wine, and spirits space, keeping it well positioned. This stock’s prolonged weakness has also made it relatively undervalued, while also pumping up its dividend yield. It was attractive enough for the world’s most famous investor to purchase a stake even as it was still falling. 10 stocks we like better than Constellation Brands › It's been a tough couple of years for Constellation Brands (NYSE: STZ) shareholders. Despite a ...

Core Insights - The sin stock market consists of companies in sectors considered unethical or socially undesirable, including alcohol, tobacco, gambling, weapons, and cannabis [1] - Sin stocks are often excluded by institutional and ESG-focused investors, leading to lower valuations and higher dividend yields, which can present opportunities for return-focused investors [2] Investment Characteristics - Sin stocks generate stable cash flows due to consistent demand, making them attractive for investors seeking defensive exposure [3] - These companies often trade at lower valuation multiples compared to the broader market, while strong cash generation allows for above-average dividend yields [4] - Sin stock companies can pass on cost increases through price hikes due to high barriers to entry, protecting margins and supporting long-term profitability [5] - Sin stocks exhibit low correlation with economic cycles, providing useful portfolio diversification [6] Investor Mindset - Investors in sin stocks prioritize risk-adjusted returns, income stability, and diversification, weighing ethical concerns against financial objectives [7] Sector Trends - Alcohol companies like Diageo benefit from premiumization and steady global demand, while tobacco firms like Philip Morris are transitioning to reduced-risk products [9] - Gambling stocks are experiencing growth from online betting and digital gaming legalization, while weapons stocks are influenced by geopolitical tensions [10] Company Highlights - Boyd Gaming's appeal lies in its diversified gaming portfolio and disciplined capital allocation, with a focus on operational efficiency and customer loyalty [12] - Universal Corporation reported 3% revenue growth and an 18% increase in operating income in the first half of fiscal 2026, supported by strong demand dynamics [14] - Constellation Brands maintains a dominant position in the U.S. high-end beer market, with strategies that emphasize pricing discipline and cost-saving initiatives [16]

Core Insights - Constellation Brands, Inc. (STZ) is navigating challenges in a slowing U.S. beer market but is positioned to gain market share due to brand strength and effective retail strategies [1][4] - The company's high-end beer portfolio, including Modelo, Corona, and Pacifico, is a significant driver of its resilience, with Modelo being the top beer brand by dollar sales in the U.S. [2] - STZ's strategic pricing and smaller pack sizes are helping to maintain demand and profitability despite rising input costs [3][9] Company Performance - STZ has lost 7% in share price over the past six months, underperforming the Zacks Beverages - Alcohol industry's decline of 3.1% and the broader Consumer Staples sector's fall of 3.7% [5] - The stock is currently trading at a forward 12-month price-to-earnings (P/E) multiple of 12.74X, which is below the industry average of 14.89X, indicating it may be undervalued [10] Market Positioning - The company continues to expand its distribution and shelf space, reflecting retailer confidence in its brands, particularly among younger consumers [2][4] - STZ's focus on controllable factors, such as brand investment and capitalizing on occasion-driven demand, supports its competitive position in the market [4]

Core Viewpoint - Constellation Brands, Inc. appears more attractive now compared to a year ago, with a significant drop in its price-to-earnings ratio from 20 times earnings to 13 times this year's earnings estimate [1]. Group 1: Company Overview - Constellation Brands, Inc. operates in the beverage industry, selling beer, wine, and spirits. Its beer portfolio includes well-known brands such as Corona, Modelo, Pacifico, and Victoria [2]. - The company also has a diverse range of wine and spirits labels, including Robert Mondavi Winery, Kim Crawford, The Prisoner Wine Company, and SVEDKA [2]. Group 2: Financial Performance - The stock has experienced a decline of 2.8%, which has contributed to its current dividend yield, although the dividend was not raised [1]. - Despite a better-than-expected quarterly performance, there is skepticism about whether the worst is over for the company [1].

Core Viewpoint - Constellation Brands, Inc. (STZ) has experienced a total return loss of approximately 7.6% since June 2025, when a Hold rating was assigned [1]. Group 1 - The investment strategy focuses on strategic buying opportunities with dividend and value stocks, which has led to a near 5-star rating on Tipranks.com [1]. - The analyst has over 9,000 followers on Seeking Alpha, indicating a significant level of engagement and interest in their investment insights [1].