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Net sales for the Beer segment remained flat Y/Y at $1.70 billion, and Wine and Spirits rose 11% Y/Y to $459.8 million. Shipment volume for Beer fell 1.8% Y/Y, while Wine and Spirits rose 3.5% Y/Y.
Shares of the Corona beer maker fell about 4% in extended trading as it also lowered its medium-term projections for net sales. Sign up here. For the fiscal year 2026, it forecast adjusted profit ...
(Reuters) - Brewer Constellation Brands (STZ) on Wednesday forecast fiscal 2026 profit below analysts' estimates, expecting steep levies imposed by the Trump administration to hit its beers and ...