Constellation Brands missed Wall Street’s estimates for its quarterly earnings and revenue, as it saw lower demand and paid more in aluminum tariffs. The brewer reiterated its outlook for fiscal 2026. The company’s stock has shed more than 20% of its value this year, fueled by concerns about how tariffs would affect demand for its beer. Case of Modelo, a beer imported from Mexico, are seen for sale at a grocery store in Arlington, Virginia, February 3, 2025, following the announcement of tariffs by US President Donald Trump on important goods from Canada and Mexico. Saul Loeb | Afp | Getty Images
Constellation Brands on Tuesday reported quarterly earnings and revenue that missed analysts’ estimates as beer demand slid and tariffs on aluminum weighed on its profitability.
Still, the brewer reiterated its forecast for fiscal 2026,