Constellation Brands Profit Rises on Higher Beer, Spirits Sales
Dow Jones2026/10/06 20:23By Katherine Hamilton Constellation Brands logged higher sales in the fiscal second quarter, thanks to growth across beer, wine and spirits. The beer company on Tuesday posted a profit of $565.8 million, or $3.32 a share, compared with $466.0 million, or $2.65 a share, a year earlier. Comparable per-share earnings were $3.74, ahead of the $3.55 anticipated by analysts, according to FactSet. Revenue rose 6% to $2.63 billion. Analysts surveyed by FactSet forecast revenue of $2.54 billion. Sales in Constellation's beer business, which includes Corona and Modelo, rose 5%, while its wine and spirits business saw sales increase 17%. Constellation also announced Tuesday that it acquired SpikedAde, a brand that sells bottled vodka-based drinks. The company raised its outlook for full-year earnings per share to be $11.85 to $12.55, up from its previous guidance range of $11.50 to $12.20. It reaffirmed its outlook for comparable earnings per share. Write to Katherine Hamilton at katherine.hamilton@wsj.com (END) Dow Jones Newswires October 06, 2026 16:23 ET (20:23 GMT)
By Katherine Hamilton
Constellation Brands logged higher sales in the fiscal second quarter, thanks to growth across beer, wine and spirits.
The beer company on Tuesday posted a profit of $565.8 million, or $3.32 a share, compared with $466.0 million, or $2.65 a share, a year earlier.
Comparable per-share earnings were $3.74, ahead of the $3.55 anticipated by analysts, according to FactSet.
Revenue rose 6% to $2.63 billion. Analysts surveyed by FactSet forecast revenue of $2.54 billion. Sales in Constellation's beer business, which includes Corona and Modelo, rose 5%, while its wine and spirits business saw sales increase 17%.
Constellation also announced Tuesday that it acquired SpikedAde, a brand that sells bottled vodka-based drinks.
The company raised its outlook for full-year earnings per share to be $11.85 to $12.55, up from its previous guidance range of $11.50 to $12.20. It reaffirmed its outlook for comparable earnings per share.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
October 06, 2026 16:23 ET (20:23 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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