Constellation Brands slides after decline in Q4 sales

Constellation Brands

09/04/2026 12:45

** Shares of Corona beer maker Constellation Brands STZ.N down 1.2% at $148.45 premarket

** Co reports smaller-than-expected decline in Q4 sales, supported by steady demand for its Mexican lagers such as Pacifico and Victoria

** Says lower prices and tighter marketing boosted demand for key beers such as Modelo Especial and Corona Sunbrew, even as broader U.S. alcohol demand remained subdued amid macro uncertainty

** Posts 11% drop in quarterly net sales to $1.92 billion, smaller than analysts’ expectations for a 13% decline

** Expects volatile operating environment and limited near‑term visibility, prompting a withdrawal of its fiscal 2028 outlook

** 14 of 24 brokerages rate the stock "buy" or higher, 8 "hold" and 2 "sell"; median PT is $176 - data compiled by LSEG

** As of last close, stock up ~9% YTD

(Reporting by Kanishka Ajmera in Bengaluru)

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