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Constellation Brands trims fiscal 2026 outlook on weaker beer sales
Constellation Brands trims fiscal 2026 outlook on weaker beer sales
Constellation Brands Inc. has lowered its fiscal 2026 guidance, citing expected sales declines in its beer business.
The Rochester-based company now anticipates comparable earnings per share of $11.30 to $11.60, down from its earlier forecast of $12.60 to $12.90.
Beer sales are projected to fall 2% to 4% year-over-year, compared with prior expectations that called for results ranging from flat to growth of 3%.
“We continue to navigate a challenging macroeconomic environment that has dampened consumer demand and led to more volatile purchasing behavior since our first quarter of fiscal 2026,” said Bill Newlands, Constellation’s president and CEO.
He noted that sales of high-end beer have softened in recent months, particularly among Hispanic consumers.
Despite those headwinds, Newlands said the company remains focused on executing its long-term strategy, “driving distribution gains, disciplined innovation and investing behind our brands.”
Garth Hankinson, Constellation’s executive vice president and chief financial officer, added that cost savings and efficiency efforts are delivering incremental benefits.
“We remain committed to our disciplined and balanced capital allocation priorities, including maintaining our investment-grade rating, advancing brewery investments in our beer business and delivering cash returns to shareholders through our dividend and share repurchase programs,” he said.
Constellation will report second-quarter fiscal 2026 results after markets close on Oct. 1.
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