Let’s dig into the relative performance of Constellation Brands (NYSE: STZ) and its peers as we unravel the now-completed Q1 consumer staples earnings season.

The consumer staples industry comprises companies engaged in the manufacturing, distribution, and sale of essential, everyday products. These products, also known as "staples," are fundamental to daily living and include packaged food, beverages and alcohol, personal care, and household products. Consumer staples stocks are considered defensive investments because consumers often purchase them regardless of economic conditions. To stand out, companies must have some combination of brand recognition, product quality, and price competitiveness.

The 8 consumer staples stocks we track reported a mixed Q1. As a group, revenues beat analysts’ consensus estimates by 2.2% while next quarter’s revenue guidance was 3.3% below.

While some consumer staples stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 4.6% since the latest earnings results.

Constellation Brands (NYSE: STZ)

With a presence in more than 100 countries, Constellation Brands (NYSE: STZ) is a globally renowned producer and marketer of beer, wine, and spirits.

Constellation Brands reported revenues of $1.92 billion, down 11.3% year on year. This print exceeded analysts’ expectations by 2.3%. Despite the top-line beat, it was still a mixed quarter for the company with an impressive beat of analysts’ organic revenue estimates but full-year EPS guidance missing analysts’ expectations.

Interestingly, the stock is up 9.8% since reporting and currently trades at $165.07.

Is now the time to buy Constellation Brands? Access our full analysis of the earnings results here, it’s free.

Best Q1: Cal-Maine (NASDAQ: CALM)

Known for brands such as Egg-Land’s Best and Land O’ Lakes, Cal-Maine (NASDAQ: CALM) produces, packages, and distributes eggs.

Cal-Maine reported revenues of $667 million, down 53% year on year, outperforming analysts’ expectations by 3.8%. The business had a stunning quarter with a solid beat of analysts’ EBITDA and EPS estimates.

Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 3.9% since reporting. It currently trades at $76.03.

Is now the time to buy Cal-Maine? Access our full analysis of the earnings results here, it’s free.

Weakest Q1: Simply Good Foods (NASDAQ: SMPL)

Best known for its Atkins brand that was inspired by the popular diet of the same name, Simply Good Foods (NASDAQ: SMPL) is a packaged food company whose offerings help customers achieve their healthy eating or weight loss goals.

Simply Good Foods reported revenues of $326 million, down 9.4% year on year, falling short of analysts’ expectations by 5.2%. It was a disappointing quarter as it posted full-year revenue guidance missing analysts’ expectations significantly and full-year EBITDA guidance missing analysts’ expectations significantly.

Simply Good Foods delivered the highest full-year guidance raise but had the weakest performance against analyst estimates in the group. As expected, the stock is down 27.5% since the results and currently trades at $10.46.

Read our full analysis of Simply Good Foods’s results here.

Lamb Weston (NYSE: LW)

Best known for its Grown in Idaho brand, Lamb Weston (NYSE: LW) produces and distributes potato products such as frozen french fries and mashed potatoes.

Lamb Weston reported revenues of $1.56 billion, up 2.9% year on year. This number beat analysts’ expectations by 5.2%. It was a very strong quarter as it also logged an impressive beat of analysts’ organic revenue estimates and a solid beat of analysts’ revenue estimates.

Lamb Weston delivered the biggest analyst estimates beat among its peers. The stock is flat since reporting and currently trades at $42.33.

Read our full, actionable report on Lamb Weston here, it’s free.

WD-40 (NASDAQ: WDFC)

Short for “Water Displacement perfected on the 40th try”, WD-40 (NASDAQ: WDFC) is a renowned American consumer goods company known for its iconic and versatile spray, WD-40 Multi-Use Product.

WD-40 reported revenues of $161.7 million, up 10.7% year on year. This print topped analysts’ expectations by 4.7%. More broadly, it was a satisfactory quarter as it also recorded a solid beat of analysts’ EBITDA estimates but full-year revenue guidance slightly missing analysts’ expectations.

WD-40 had the weakest full-year guidance update among its peers. The stock is down 4% since reporting and currently trades at $214.05.

Read our full, actionable report on WD-40 here, it’s free.

Market Update

Late in 2025 into early 2026, there was hand wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?

These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.

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