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Constellation Brands saw sales drop 15% but profits surge, raised earnings forecast, and boosted share repurchases.
Constellation Brands reported a 15% drop in second-quarter fiscal 2026 net sales to $2.481 billion, with organic sales also down 15%, yet saw a 171% surge in operating income to $874 million and a similar rise in adjusted net income to $871 million.
The company raised its reported EPS forecast for fiscal 2026 to $9.86–$10.16, reaffirmed comparable EPS guidance, and generated $1.5 billion in operating cash flow and $1.1 billion in free cash flow.
It repurchased $604 million in shares and declared a $1.02 quarterly dividend.
Leadership highlighted strong performance in beer and wine and spirits segments, strategic brand investments, and cost efficiencies, while announcing the retirement of Chief Legal Officer Jim Bourdeau and naming Jeff LaBarge as his successor.
Las ventas de Constellation Brands cayeron un 15%, pero las ganancias aumentaron, elevaron las previsiones de ganancias e impulsaron las recompras de acciones.