Constellation Brands’ Q1 FY27 Results Are In. Beer Grew, Wine and Spirits Margin Improved, and Tequila Depletions Jumped 62%.

Constellation Brands has published its first quarter fiscal 2027 results, reporting organic net sales growth of 3% once last year’s wine divestitures are excluded from the comparison. The Beer business grew both net sales and shipment volumes, while the smaller, more focused Wine and Spirits portfolio returned to organic growth following two years of active rationalisation.