STZ Q2 Earnings Beat, Sales Down on Soft Wine & Spirits Business

Key Takeaways Q2 FY26 EPS of $3.63 beat estimates but dropped 16% year over year; sales fell 15% to $2.48B.Beer sales declined 7%, hurt by softer demand and inventory rebalancing, partly offset by Pacifico growth.STZ generated $1.1B in free cash flow and returned $604M via buybacks and dividends.Constellation Brands, Inc. (STZ) reported second-quarter fiscal 2026 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. The company’s sales and earnings declined year over year on weak ...