Constellation Brands (STZ) reported fiscal Q1 results primarily in line with expectations, despite ongoing macro pressures and shifts in consumer behavior, RBC Capital Markets said in a note Thursday.
The brokerage firm said management reiterated its full-year guidance, signaling confidence in a return to growth in the near term, particularly in the beer segment.
RBC said it slightly adjusted its 2025 earnings estimate to $12.72, citing stronger beer volume expectations in Q2.
RBC Capital Markets maintained its outperform rating and $233 price target, saying the quarter was soft but it does not materially change the broader investment thesis.
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