Why Constellation Brands Stock Rocketed Higher on Wednesday

Constellation Brands (NYSE: STZ) recorded a double miss with its latest earnings report, published after market close Tuesday. Investors were clearly in a forgiving mood, however, as they traded up the adult beverage company's shares by almost 5% the following day. This was more than good enough to crush the S&P 500's (SNPINDEX: ^GSPC) slightly under-0.5% rise.For its first quarter of fiscal 2026, Constellation booked just under $2.52 billion in net sales, which was down from $2.66 billion in the same period the previous year. Non-GAAP (generally accepted accounting principles) adjusted net profit saw a steeper fall, tumbling by 12% year over year to hit nearly $573 million, or $3.22 per share. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool