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Constellation Brands Inc. gained 0.6% to $167.51 after the alcohol beverage company reported results for the fiscal first quarter of 2026 ending on May 31.

Sales declined to $2.68 billion from $2.86 billion, net income fell to $516.1 million from $877.0 million, and diluted earnings per share dropped to $2.90 from $4.78 a year ago.

The company said beer sales declined 2% in the quarter, wine sales fell 22%, and spirits sales dropped 63%.

The company guided full-year net sales to be down 2% to up 1%, compared to $10.21 billion a year earlier, with beer sales flat to up 3% and wine and spirits sales down between 20% and 17%.


02 Jul, 2025

     

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