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00:02Constellation Brands reported adjusted earnings of $3.06 per share on $2.22 billion in net sales
00:09for the third quarter ended November 30th, beating Wall Street estimates, according to Reuters.
00:15Constellation Brands benefited from improved demand for Pacifico, Victoria, Corona Sunbrew,
00:21and Corona Familiar, supported by lower prices and sharper marketing amid a challenging U.S.
00:26alcohol market. Net sales fell 10% year-over-year, while beer sales declined 1%,
00:32improving from a 7% drop in the prior quarter. The company lowered its annual earnings forecast
00:38to $9.72 to $10.02 per share and reaffirmed an organic sales decline of 4% to 6% for the year
00:47ending February 28th. Higher aluminum tariffs affected packaging costs. Shares rose 3% in
00:53extended trading after losing 37% in 2025. For all things money, visit Benzinga.com.
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