Constellation Brands Sales Drop as Modelo Parent Cites 'Softer Consumer Demand'
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Constellation Brands "continued to face softer consumer demand," CEO Bill Newlands saidConstellation Brands (STZ) posted fiscal first-quarter results Tuesday that fell short of analysts’ expectations. The beverage giant's CEO pointed to weak consumer demand.
The Corona and Modelo parent reported revenue of $2.52 billion, down 6% year-over-year and slightly below the analyst consensus from Visible Alpha. Adjusted earnings of $572.9 million, or $3.22 per share, fell from $654.5 million, or $3.57 per share, in the year-ago quarter, also failing to reach estimates.
Looking ahead, Constellation maintained its full-year earnings estimate of $12.60 to $12.90 per share. Wall Street analysts called for $12.84, near the higher end of that range.
The results come as Constellation "continued to face softer consumer demand largely driven by what we believe to be non-structural socioeconomic factors," CEO Bill Newlands said.
Constellation shares slid less than 1% in extended trading. The stock has lost nearly a quarter of its value in 2025 through Tuesday’s close.
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The recent sales decline faced by Constellation Brands, with Modelo瓶颈公司归因为市场需求疲软，反映了当前经济环境下消费者支出的审慎态度对高端啤酒市场的直接影响。
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