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3d ago

Constellation Brands Tops Q3 Estimates, Reaffirms Full-Year Outlook as Shares Rise After Hours

The company highlights beer share gains alongside resilient wine and spirits.

Bottles of the beer, Corona, a brand of Constellation Brands Inc., sit on a supermarket shelf in Los Angeles, California April 1, 2015. REUTERS/Lucy Nicholson/File Photo
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Overview

  • Adjusted earnings came in at $3.06 per share versus the $2.64 consensus, with revenue at $2.22 billion against expectations of $2.16 billion.
  • Constellation reaffirmed its fiscal 2026 adjusted EPS guidance at $11.30 to $11.60.
  • CEO Bill Newlands said conditions remained challenging but pointed to dollar and volume share gains in beer and continued outperformance in wine and spirits versus the U.S. wine market.
  • Shares rose about 2.6% in extended trading, with the stock quoted at $144.20 after the report.
  • A conference call with CEO Bill Newlands and CFO Garth Hankinson is scheduled for Jan. 8 at 10:30 a.m. ET to discuss results and the outlook.