Constellation Brands: Beer Continues to Thrive, Wine and Spirits Burdened by Portfolio Restructuring!

Constellation Brands Inc. (NYSE: STZ) reported a 6% revenue decline in the first quarter of the fiscal year 2026, amounting to $2.52 billion. The operating income also decreased by 24% to approximately $714 million, while net profit fell by 41% to $516 million. The diluted earnings per share were $2.90. The declining figures primarily reflect a persistently weaker consumer demand, which the company attributes to temporary socioeconomic factors. Beer business remains strong but faces headwinds The beer segment, traditionally the profit pillar...