Modelo brewer Constellation falls despite an earnings beat. Here's why we're not concerned

📆 10/3/2024 8:57 PM
📰 CNBC

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Constellation Brands on Thursday delivered a solid earnings report and set the stage for an anchor to be raised in the next two quarters.

Modelo and Corona brewer Constellation Brands is a tale of two businesses. One of them — beer — is stealing market share left and right. The other — wine and spirits — is an anchor on the stock. Nothing in the company's fiscal 2025 second-quarter results on Thursday changed that narrative. But the next two quarters might. Comparable net sales for the three months ended Aug. 31 rose 3% year over year to $2.92 billion, essentially in line with the $2.

Bottles of Corona, Modelo and Pacifico beer are displayed on the a shelf at a supermarket on April 6, 2017 in San Rafael, California.is a tale of two businesses. One of them — beer — is stealing market share left and right. The other — wine and spirits — is an anchor on the stock. Nothing in the company's fiscal 2025 second-quarter results on Thursday changed that narrative. But the next two quarters might.

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