The case of model, a beer imported from Mexico, is seen on sale in a grocery store in Arlington, Virginia, on February 3, 2025, after the announcement of the tariffs of the president of the United States, Donald Trump, on important products in Canada and Mexico.
Saul Loeb | AFP | Getty images
Constellation marks On Wednesday, he gave a weaker perspective of what was expected for his 2026 prosecutor and cut his medium -term prognosis, since he faces the highest rates of the United States in most of his beer.
The model owner also exceeded Wall Street estimates for its fiscal earnings and income from the fourth quarter of 2025, but its quarterly performance was in the background to its perspective.
Last week, the Trump administration slapped a 25% tariff over all can beer canned and empty aluminum, effective on April 4. While President Donald Trump on Wednesday said on Wednesday the so -called reciprocal tariffs in countries that exclude China would fall to 10% for the next 90 days, temporary reduction does not apply to specific duties in the sector, such as those in aluminum.
Constellation matters all his beer in Mexico. Its beer portfolio, which includes a model, Corona and Pacifico, represented 78% of the company’s net sales during the quarter.
The company also announced on Wednesday that it plans to reposition its portfolio by disinvesting “conventional” wines and focusing on the brands that set their bottles to $ 15 or more. In December, the company sold its Svedka Vodka brand to Sazerac. Both movements occur when the company’s wine and liquors segment has fought for several quarters.
The company’s shares fell 3% in extended operations. Constellation actions closed 7% on Wednesday afternoon after Trump announced the change in their commercial plans.
This is what the company reported compared to what Wall Street expected, based on an LSEG analysts survey:
- Gains per share: $ 2.63 adjusted compared to $ 2.28 expected
- Income: $ 2.16 billion compared to $ 2.13 billion expected
For fiscal year 2026, Constellation anticipates gains comparable per share in a range of $ 12.60 to $ 12.90, well below the Wall Street estimates of $ 13.97 per share. The company is projecting that organic net sales range from a 2% decrease to 1% increase. Beer sales, which represent most of their business, will vary from 3%to a 3%increase, according to the fiscal perspective of the 2026 company.
Constellation also reduced its medium -term perspective for fiscal year 2027 and 2028. Now it projects that business sales will increase between 2% and 4%, below its previous estimate of growth between 6% and 8%.
The company also plans to reduce its capital expenses in fiscal year 2027 and 2028, compared to its previous perspective of spending $ 5 billion from fiscal year 2024 to fiscal year 2028. The constellation now projects that its capital expenses will fall 40% year after year in fiscal year 2027 and 35% in the following fiscal year.
