Constellation Brands jumps after quarterly results beat

Constellation Brands

08/01/2026 15:04

Updates

** Shares of Corona beer maker Constellation Brands STZ.N rise as much as 6.8% to $150.04 in early trading

** Co beat Q3 sales, profit estimates after markets closed on Wednesday, fueled by steady demand for its Modelo Especial and Corona beer brands

** Q3 net sales fell 10% to $2.22 billion, but came ahead of  estimates of $2.16 billion- data compiled by LSEG

** Quarterly adjusted EPS of $3.06 vs. estimates of $2.63

** However, co reaffirms annual organic net sales decline forecast, sees annual EPS

** Also sees annual EPS between $9.72 and $10.02, compared with its prior expectation of $9.86 to $10.16

** Third-quarter beer depletions remained soft, but trends improved through December and will accelerate further in calendar year 2026- brokerage Roth MKM

** 14 of 25 brokerages rate the stock "buy" or higher, 9 "hold" and 2 "sell"; their median PT is $169 - data compiled by LSEG

** Stock down 35.70% in 2025

 (Reporting by Kanishka Ajmera and Neil J Kanatt in Bengaluru)

 ((mail to: Kanishka.Ajmera@thomsonreuters.com))