Reported about 24 hours ago
Despite a disappointing first-quarter earnings report for fiscal 2026, Constellation Brands saw its stock rise nearly 5% on Wednesday. The company's net sales fell short of analyst expectations, declining to just under $2.52 billion, and adjusted profits dropped 12%. However, investors were encouraged by positive growth projections for the beer category, which is expected to grow flat to 3% in the fiscal year, contrasting with significant declines in wine and spirits sales.
Source: YAHOO