Constellation Brands: Beer Remains a Growth Engine and Wine is Undergoing Restructuring

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Constellation Brands (NYSE: STZ) delivered solid results in the second quarter of fiscal year 2026 despite a challenging market environment. The company generated revenue of $2.48 billion, representing a decline of 15% compared to the previous year. However, operating income rose significantly to $874 million, and net income reached $466 million after a loss in the same quarter of the previous year. The diluted earnings per share stood at $2.65, or $3.63 on a comparable basis. The company also generated operating cash flow of $1.5 billion and free...
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