Constellation Brands posts smaller‑than‑expected quarterly sales drop on steady Mexican beer demand

Constellation Brands posted a smaller-than-expected decline in fourth-quarter sales, driven by stable demand for its Mexican lager brands such as Pacifico and Victoria. The result points to resilient consumer demand in its imported-lager portfolio and moderates downside risk to near-term top-line expectations.

Analysis

Constellation Brands posted a smaller-than-expected decline in fourth-quarter sales, driven by stable demand for its Mexican lager brands such as Pacifico and Victoria. The result points to resilient consumer demand in its imported-lager portfolio and moderates downside risk to near-term top-line expectations.