FMP
Oct 07, 2025
Shares of Constellation Brands Inc. (NYSE: STZ) climbed more than 2% intra-day on Tuesday after the company reported quarterly earnings that topped Wall Street estimates, even as beer sales declined.
The maker of Modelo and Corona posted second-quarter earnings of $3.63 per share for the period ended August 31, exceeding analyst expectations of $3.35. Revenue fell 2% to $2.48 billion, slightly below the consensus forecast of $2.51 billion.
Beer sales dropped 7% year-over-year, driven by an 8.7% decrease in shipment volumes as distributors reduced inventories and consumers cut back on spending.
Constellation reaffirmed its fiscal 2026 outlook, projecting overall earnings per share between $11.30 and $11.60. The company continued to expect beer net sales to decline 2-4% and beer operating income to decrease 7-9%.
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