Two major S&P 500 companies are set to report quarterly earnings after the close of U.S. markets today, Tuesday, June 30, 2026. Nike, Inc. (NYSE: NKE) will release its fourth quarter fiscal 2026 results, while Constellation Brands, Inc. (NYSE: STZ) will announce first quarter fiscal 2027 earnings. Both reports arrive as investors look for signs of consumer spending resilience, the impact of trade tariffs, and recovery progress heading into the second half of the year.
Together, these two consumer-facing companies offer a snapshot of how American households are spending on apparel and beverages — and how global supply chains and shifting consumer preferences are shaping corporate profits.
Nike will report Q4 FY2026 results approximately at 1:15 p.m. PT (4:15 p.m. ET), followed by a management conference call at 2:00 p.m. PT. Constellation Brands will post results after market close, with an analyst call on Wednesday, July 1, 2026, at 8:00 a.m. ET.
Nike's fiscal year ends May 31, making today's report its final quarter of fiscal 2026. Constellation Brands' fiscal year ends February 28, and Q1 FY2027 covers the period March 1 through May 31, 2026.
Analysts expect Nike to report Q4 fiscal 2026 earnings per share of approximately $0.11–$0.12 and revenue of roughly $10.85–$10.9 billion, representing a decline of about 2% year over year. The Zacks Consensus Estimate for EPS is $0.12, down 21.4% from a year ago. Revenue guidance issued by management points to a 2–4% year-over-year decline.
Nike has been navigating a challenging turnaround under CEO Elliott Hill, who returned to the company in October 2024 after more than 30 years at Nike. His "Win Now" strategy centers on refocusing the brand on sports performance — particularly running, basketball, and football — while reducing dependence on lifestyle staples like the Air Force 1 and Dunk that had become oversaturated.
Two issues loom large for Nike investors heading into the report:
Despite these headwinds, North America has been a bright spot. In Q3 FY2026, wholesale revenues grew 5% and North America saw improving sell-through trends. Investors will closely monitor whether that momentum continues.
Nike has beaten Wall Street EPS estimates in three of its last four reported quarters, delivering an average earnings surprise of approximately 40%. The question is whether Q4 maintains that trend.
Constellation Brands is expected to report Q1 FY2027 EPS of approximately $3.26–$3.28, representing around 2% growth year over year. Revenue is forecast at roughly $2.4 billion, a decline of about 4% from the prior year quarter's $2.5 billion, reflecting the company's ongoing portfolio reshaping.
The maker of Corona Extra, Modelo Especial, and Pacifico beer has benefited from strong premiumization trends in the U.S. beer market. Modelo Especial remains the best-selling beer overall in the United States. Constellation holds the exclusive and perpetual U.S. license to import, market, and sell Corona and Modelo brands.
Constellation Brands has beaten earnings estimates in three of its last four quarters, delivering an average EPS surprise of approximately 7%. In Q4 FY2026 (reported April 8, 2026), the company posted EPS of $1.90, beating the $1.71–$1.72 consensus estimate by about 10%.
For full-year FY2027, management has guided for EPS of $11.20–$11.90, below the analyst consensus of roughly $12.36. The stock currently trades at a forward P/E of approximately 12.6x — a discount to its beverage industry peers.
Nike represents one of the world's most-recognized consumer brands and is a component of both the S&P 500 and the Dow Jones Industrial Average. Its results serve as a barometer for consumer spending on athletic apparel and footwear, retail health, and global trade conditions.
A better-than-expected result could boost sentiment across the consumer discretionary sector, while a miss or cautious guidance — particularly around tariffs and China — could weigh on the broader market narrative around trade headwinds.
Constellation Brands' results will be watched as an indicator of consumer staples resilience and the premium beer category. Shares of STZ closed at $139.66 on June 29, 2026, down 4.54% ahead of the report, suggesting some investor caution. The stock's 52-week range is $126.45 to $178.14.
Both stocks are reporting in the early days of Q2 2026 earnings season. The major bank earnings — traditionally the true kickoff of any earnings season — are expected to begin in mid-July. FactSet forecasts total S&P 500 earnings growth of approximately 22% for Q2 2026, which would mark a second consecutive quarter of 20%+ growth.
Today's earnings from Nike (NKE) and Constellation Brands (STZ) offer investors a look at how two major S&P 500 consumer companies are navigating a challenging environment of tariff headwinds, shifting consumer preferences, and global uncertainty.
Nike remains in a multiyear turnaround under CEO Elliott Hill, with progress visible in North America but China and tariffs continuing to pressure the bottom line. Constellation Brands benefits from durable premium beer brands like Modelo Especial and Corona, but faces near-term revenue pressure as it reshapes its portfolio and contends with a more cautious U.S. consumer.
Results for both companies will be available after 4:15 p.m. ET today. As always, investors should consider both the reported figures and management guidance carefully, and consult a financial professional before making investment decisions.
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