Strong beer performance lifts quarterly results Constellation Brands Inc Class A (NYSE:STZ) reported first-quarter results ahead of Wall Street expectations, supported by continued strength in its beer division.
Adjusted earnings came in at $3.43 per share, surpassing the consensus forecast of $3.25 by $0.18
Revenue reached $2.43 billion, slightly above analysts’ expectations of $2.41 billion, although total sales declined 3% compared with the same period a year earlier. Shares rose 2.4% in premarket trading on Wednesday following the results. Beer segment offsets weakness elsewhere The company’s beer business remained its primary growth engine, with net sales increasing 2% to $2.28 billion and operating income also rising 2% to $891.4 million.
Beer shipment volumes grew 1.8%, while Constellation continued to gain the largest dollar share among beer brands across tracked US retail channels. Within the wine and spirits division, organic net sales increased 8%. However, reported net sales fell 47% following the divestiture of several wine brands completed in 2025.