Constellation Brands Sales Drop as Modelo Parent Cites 'Softer Consumer Demand'

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Constellation 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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