NYSE$STZ
Constellation Brands Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Constellation Brands overcame COVID-related headwinds and delivered solid business performance.
Constellation Brands reported solid Q2 results with beer depletions increasing almost 5%. The company generated strong cash flow, reduced debt, and continued to invest in brands and capabilities.
- Generated reported basis EPS of $2.62 and comparable basis EPS of $2.76, including Canopy Growth equity losses of $0.15; excluding Canopy Growth equity losses, achieved comparable basis EPS of $2.91.
- Beer depletion growth remained strong; current production in Mexico maintained at normal levels.
- Wine & Spirits Business delivered strong margin performance and double-digit Power Brand growth in IRI channels.
- Generated $1.4 billion of operating cash flow and $1.2 billion of free cash flow, an increase of 2% and 10%, respectively.
Headline financials
Revenue & EPS history
Constellation Brands · Revenue · Quarterly
$2.26B
Revenue by segment
Constellation Brands · $2.26B total across 2 segments · Q2 2021
- Beer$1.64B—72.4%
- Wine and Spirits$625M—27.6%
Forward guidance
Fiscal 2021 guidance is unavailable at this time due to the uncertainty and potential impacts on the business from COVID-19
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2021
+0.4%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+1.0%
Avg return
30 days after
55%
36 / 65 earnings
Positive
+10.8%
Q3 2014
Best reaction
-16.8%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | — | — | — | |
| Q4 2026 | -0.1% | +9.5% | -1.6% | |
| Q3 2026 | +2.5% | +5.7% | +11.1% | |
| Q2 2026 | +1.1% | +1.9% | -7.8% | |
| Q1 2026 | +1.3% | +1.2% | +1.3% | |
| Q4 2025 | +0.7% | +0.3% | +3.6% | |
| Q3 2025 | -16.8% | -14.9% | -22.7% | |
| Q2 2025 | -0.8% | -4.3% | -9.8% | |
| Q1 2025 | -2.3% | +1.1% | -4.3% | |
| Q4 2024 | +2.0% | -1.7% | -0.4% | |
| Q3 2024 | +2.5% | +5.0% | +3.8% | |
| Q2 2024 | -2.8% | -5.3% | -2.7% | |
| Q1 2024 | -0.3% | +0.3% | +10.4% | |
| Q4 2023 | +2.9% | +2.9% | +2.4% | |
| Q3 2023 | -8.3% | -5.3% | +1.4% | |
| Q2 2023 | -2.1% | -6.8% | +3.1% | |
| Q1 2023 | -5.1% | -4.1% | +0.3% | |
| Q4 2022 | +5.3% | +7.5% | +7.4% | |
| Q3 2022 | -3.9% | -3.0% | -6.8% | |
| Q2 2022 | -0.7% | +3.1% | +3.0% | |
| Q1 2022 | +2.0% | +0.9% | -2.1% | |
| Q4 2021 | -5.1% | -4.2% | +2.0% | |
| Q3 2021 | +5.5% | +4.6% | +5.1% | |
| Q2 2021 | -1.6% | -2.1% | -11.9% | |
| Q1 2021 | +6.7% | +6.7% | +3.8% | |
| Q4 2020 | -3.4% | +9.3% | +18.0% | |
| Q3 2020 | -0.1% | -1.1% | +4.9% | |
| Q2 2020 | -6.3% | -8.4% | -7.6% | |
| Q1 2020 | +4.2% | +6.2% | +8.3% | |
| Q4 2019 | +7.6% | +6.2% | +17.6% | |
| Q3 2019 | -7.2% | -6.7% | +1.7% | |
| Q2 2019 | +5.9% | +7.4% | -4.5% | |
| Q1 2019 | -7.1% | -7.5% | -7.9% | |
| Q4 2018 | +3.5% | +2.1% | +6.2% | |
| Q3 2018 | -4.0% | -2.8% | -4.4% | |
| Q2 2018 | +4.4% | +3.4% | +7.3% | |
| Q1 2018 | +5.5% | +4.4% | +5.9% | |
| Q4 2017 | +5.6% | +5.5% | +10.6% | |
| Q3 2017 | -5.4% | -5.5% | -5.6% | |
| Q2 2017 | +3.1% | +3.2% | -3.8% | |
| Q1 2017 | +2.6% | +4.1% | +3.3% | |
| Q4 2016 | +4.0% | — | — | |
| Q3 2016 | +2.7% | — | — | |
| Q2 2016 | +4.1% | — | — | |
| Q1 2016 | +0.9% | — | — | |
| Q4 2015 | +2.1% | — | — | |
| Q3 2015 | +4.2% | — | — | |
| Q2 2015 | +1.9% | — | — | |
| Q1 2015 | +3.1% | — | — | |
| Q4 2014 | -1.7% | — | — | |
| Q3 2014 | +10.8% | — | — | |
| Q2 2014 | +6.4% | — | — | |
| Q1 2014 | -5.1% | — | — | |
| Q4 2013 | +1.6% | — | — | |
| Q3 2013 | -1.1% | — | — | |
| Q2 2013 | +1.2% | — | — | |
| Q1 2013 | -0.4% | — | — | |
| Q4 2012 | -0.3% | — | — | |
| Q3 2012 | +5.3% | — | — | |
| Q2 2012 | -2.7% | — | — | |
| Q1 2012 | -3.4% | — | — | |
| Q4 2011 | +0.8% | — | — | |
| Q3 2010 | -1.3% | — | — | |
| Q2 2010 | -0.2% | — | — | |
| Q1 2010 | +1.8% | — | — | |
| Q4 2009 | +0.4% | — | — |
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