Constellation Brands produces and markets beer, wine, and spirits worldwide. It owns a portfolio of brands and sells them through a broad distribution network, including exclusive U.S. rights to Corona and Modelo. The company imports, markets, and sells its brands in markets such as the U.S., Mexico, New Zealand, and Italy, across beer, wine, and spirits, with a focus on sustainability and responsible operations. Its goal is to build enduring brands that connect with people, anticipate trends, and deliver value to consumers, shareholders, and employees.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Rochester, New York
Founded
1945
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
Health Insurance
Dental Insurance
Vision Insurance
Paid Vacation
401(k) Retirement Plan
Professional Development Budget
Constellation Brands reported second-quarter fiscal 2027 earnings of $3.74 per share on $2.63 billion in revenue, beating Wall Street expectations of $3.56 per share and $2.54 billion. Beer revenue rose 5% to $2.47 billion, though depletions fell 0.6%, with Modelo Especial down 2% and Corona Extra down 5%. Chief executive Nicholas Fink said consumers now treat beer as occasion-driven rather than default purchases. Hispanic consumers account for 40% of beer revenue but face labour market and household finance pressures. To diversify, Constellation acquired SpikedAde, a spirit-based ready-to-drink brand, for $75 million upfront plus up to $278 million contingent on performance. The company raised its full-year reported EPS outlook to $11.85–$12.55 from $11.50–$12.20.
Constellation Brands, maker of Modelo Especial and Corona, reported fiscal second-quarter adjusted earnings of $3.74 per share on $2.63 billion in revenue, surpassing Wall Street estimates. However, beer depletions declined slightly during the quarter, indicating softer consumer demand. CEO Nicholas Fink noted September depletions improved, with strength in club stores as shoppers seek deals. The company is tailoring products for specific occasions and younger drinkers, focusing on sports and music events. Constellation acquired SpikedAde, a spirit-based ready-to-drink brand, for $75 million upfront, with potential payments reaching $353 million. The deal provides entry into the fast-growing RTD segment, where premixed cocktail sales grew 16.4% in 2025 to $3.8 billion.
Constellation Brands reported second-quarter fiscal 2027 net income of $565.8 million, or $3.32 per share, up from $466.0 million, or $2.65 per share, a year earlier. Net sales rose 6% to $2.63 billion, with beer revenue up 5% and wine and spirits revenue up 17%. On a comparable basis, the company earned $3.74 per share, beating the $3.55 analyst estimate. Revenue also exceeded the $2.54 billion consensus forecast. Beer segment shipment volumes rose 5.5%, whilst depletions slipped 0.6%. The wine and spirits segment swung to a $6.1 million operating profit from a $19.8 million operating loss a year earlier. Constellation acquired SpikedAde for $75 million, with up to $278 million in additional contingent payments over five years.
US stock futures edged lower on Wednesday as investors awaited minutes from the Federal Reserve's September policy meeting. Dow futures fell 108 points, or 0.2%, whilst S&P 500 futures remained broadly unchanged and Nasdaq 100 futures declined 0.1%. The Fed minutes could provide additional insight into policymakers' views on inflation and the future path of interest rates. Market expectations for another rate increase have declined following weaker-than-expected employment data. SpaceX is reportedly seeking to raise approximately $40 billion to finance purchases of Nvidia chips, according to the Financial Times. The proposed financing would include $10 billion in bank loans and $30 billion of investment-grade debt. Constellation Brands shares fell in after-hours trading despite reporting second-quarter results above market expectations.
Constellation Brands has acquired SpikedAde, a spirit-based ready-to-drink brand. The beverage company plans to expand SpikedAde's distribution and strengthen its position in the growing RTD category. The acquisition aims to capitalise on consumer-led demand in the ready-to-drink spirits market. Constellation Brands intends to build on SpikedAde's existing foundation and unlock new opportunities through integration and distribution plans. Financial terms of the deal, including any contingent consideration, were not disclosed. The acquisition reflects Constellation's strategy to expand in emerging beverage categories driven by consumer demand.