Thursday, April 9, 2026
Market Intelligence for Earnings Calls Professionals

Constellation Brands pulls FY2028 outlook amid macro uncertainty
The brewer reported fourth‑quarter earnings that beat expectations, posting adjusted EPS of $1.90 versus the $1.72 consensus and revenue of $1.92 billion. Despite the beat, it withdrew its fiscal 2028 guidance, citing lingering macro‑economic uncertainty. Net income reversed to $224.7 million from a $370.6 million loss a year earlier.
Neogen Corp reported Q2 2026 revenue of $224.7 million, reflecting 2.9% core growth and a 0.9% foreign‑currency benefit, while divestitures created a 6.6% headwind. Adjusted EBITDA margin expanded to 21.7%—up 470 basis points—driven by higher gross margin, volume gains and headcount reductions. Free cash flow surged to $7.8 million, aided by lower capex and improved working‑capital efficiency, and cost‑structure initiatives are expected to generate roughly $20 million of annual savings. The company raised full‑year guidance to $845‑$855 million revenue and about $175 million adjusted EBITDA.
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