Constellation Q3 Earnings Beat

Benzinga

Constellation Brands topped quarterly earnings estimates on stronger demand for key beer brands but cut its full-year outlook as higher costs and a tough U.S. alcohol market weighed on sales, according to Reuters.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Constellation Brands reported adjusted earnings of $3.06 per share on $2.22 billion in net sales

00:09for the third quarter ended November 30th, beating Wall Street estimates, according to Reuters.

00:15Constellation Brands benefited from improved demand for Pacifico, Victoria, Corona Sunbrew,

00:21and Corona Familiar, supported by lower prices and sharper marketing amid a challenging U.S.

00:26alcohol market. Net sales fell 10% year-over-year, while beer sales declined 1%,

00:32improving from a 7% drop in the prior quarter. The company lowered its annual earnings forecast

00:38to $9.72 to $10.02 per share and reaffirmed an organic sales decline of 4% to 6% for the year

00:47ending February 28th. Higher aluminum tariffs affected packaging costs. Shares rose 3% in

00:53extended trading after losing 37% in 2025. For all things money, visit Benzinga.com.

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