Constellation Brands earnings report beats Wall Street estimates
Constellation Brands ticked up in after-hours trading Monday after it reported earnings results that beat Wall Street expectations.
Constellation, which owns a variety of booze brands including Modelo Especial in the US, reported quarterly adjusted earnings per share of $3.63, higher than the $3.38 analysts polled by FactSet were expecting.
It also reported $2.48 billion in revenue, slightly above the $2.45 billion the Street predicted.
The company slashed its full-year guidance last month, reducing its fiscal 2026 adjusted EPS outlook to $11.30 to $11.60, down from its previous range of $12.60 to $12.90. Analysts are penciling in $11.49 adjusted earnings per share for the fiscal year.
The company left that guidance unchanged.
Despite owning one of the US’s most sold beers, Constellation is facing various headwinds ranging from declining beer consumption and pressure on Hispanic consumers.
