Scoreboard / STZ
Constellation Brands, Inc. STZ
Issue No. 16 pick · October 9, 2026 · Updated October 16, 2026
Setup Snapshot
The Setup in One Card
How STZ moved and the catalyst behind the move, from its Issue No. 16 write-up. It is not on the current Scoreboard, so it carries no Friday Five Score this week.
Issue No. 16
Original Pick
Sector Trend
Leadingup 3.9 percent
Covered In
Issue No. 16 · October 9, 2026
Catalyst
Earnings BeatSecond quarter earnings of 3.74 dollars beat a 3.56 dollar consensus on net sales up 6 percent
Return measured from the Thursday, October 1 close to the Thursday, October 8 close, the week it appeared in Issue No. 16.
Why It Moved
The Story Behind the Move
Catalyst
Second quarter earnings of 3.74 dollars beat a 3.56 dollar consensus on net sales up 6 percent
Why It Mattered
Consumer staples was the second best sector at 3.85 percent, which rarely happens in a week the index makes a new high, and this is the staples name with a dated event behind it rather than a defensive bid. About five and a half points of the move are company specific.
Risk Note
Depletions fell 0.6 percent while shipments grew 5.5 percent, with Modelo Especial down about 2 percent and Corona Extra down about 5 percent, so the quarter built channel inventory rather than demand. Comparable operating income rose only 1 percent against net sales up 6 percent, and there was no guidance raise alongside the beat.
Reader Takeaway
When shipments grow faster than what distributors actually sell on, a company has borrowed revenue from a future quarter. Look past the earnings line for the number that measures real consumption.
Continue the Research
Put STZ Back in Context
The stock page is one piece of the weekly research. Continue with the original issue, the full public ranking, or the method behind the analysis.
This page is for educational and informational purposes only. It is not financial advice, investment advice, or a recommendation to buy or sell any security.