Constellation Brands Beats Earnings, Reaffirms Guidance | JQJO

Constellation Brands, the owner of Modelo, surpassed analyst expectations in its fiscal second-quarter earnings, reporting adjusted earnings per share of $3.63 and revenue of $2.48 billion. Despite beating forecasts, the company reaffirmed its lowered full-year guidance due to persistent macroeconomic challenges impacting consumer demand. Shares saw a slight increase in after-hours trading. The company noted a decline in net sales and operating margin, partly attributed to aluminum tariffs and a trend of lower demand from Hispanic consumers.