Constellation Brands earnings report beats Wall Street estimates
Constellation Brands ticked up in after-hours trading 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 was expecting.
The company slashed its full-year guidance last month, reducing its fiscal 2026 adjusted earnings-per-share 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 United States’ most-sold beers, Constellation is facing various headwinds ranging from declining beer…
