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Constellation Brands, Inc. (NYSE:STZ ) Q2 2025 Earnings Conference Call October 3, 2024 10:30 AM ET Company Participants Joseph Suarez - SVP, IR Bill Newlands - CEO Garth Hankinson - CFO Conference Call Participants Kaumil Gajrawala - Jefferies Dara Mohsenian - Morgan Stanley Bonnie Herzog - Goldman Sachs Nik Modi - RBC Capital Markets Andrea Teixeira - JPMorgan Peter Grom - UBS Michael Lavery - Piper Sandler Filippo Falorni - Citi Robert Moskow - TD Cowen Bill Kirk - ROTH Capital Partners Operator Hello, and welcome to the Constellation Brands' Q2 Fiscal Year 2025 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

Constellation Brands (STZ),  the maker of Corona and Modelo beers, posted mixed second-quarter results as wine and spirits sales sank.

Constellation Brands' Q2 results reflect gains from strong shipment and depletion volumes in the beer business, offset by a soft wine & spirits segment.

Constellation Brands (STZ -2%) reported mixed results for Q2, with its beer segment thriving while the wine and spirits division faced challenges. The company's beer business saw increased sales and shipment volumes, capturing more market share and resulting in a double-digit earnings beat and revenue growth.

Constellation Brands (STZ) came out with quarterly earnings of $4.32 per share, beating the Zacks Consensus Estimate of $4.11 per share. This compares to earnings of $3.70 per share a year ago.

On October 3, 2024, Constellation Brands Inc (STZ, Financial) released its 8-K filing for the second quarter of fiscal year 2025. The company, a leading provider of alcoholic beverages in the U.S., reported a mixed financial performance, with earnings per share (EPS) falling short of analyst estimates but revenue surpassing expectations.

@LikeFolio's Andy Swan says Constellation Brands (STZ) reported 57 consecutive quarters of growth in its beer business. So, what's the issue?

Beyond analysts' top -and-bottom-line estimates for Constellation Brands (STZ), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended August 2024.

Soft demand trends and category headwinds in the wine & spirits business are expected to affect Constellation Brands in Q2, offset by a resilient beer segment.

Constellation Brands slashes the fiscal 2025 guidance on soft demand trends in the Wine and Spirits business due to tough macroeconomic conditions, particularly unemployment.