Constellation Brands Inc. reported continued progress in the second quarter of fiscal 2026 despite a challenging socioeconomic environment that weighed on consumer demand across the industry. The company achieved share and distribution gains in its Beer Business, with Modelo Especial maintaining its position as the top beer brand by dollar sales in the U.S. In the Wine & Spirits Business, Constellation outperformed the higher-end wine segment. While overall net sales and dollar sales in tracked U.S. channels declined year-over-year, the company outpaced the beverage alcohol industry by just over 1% for the quarter. Constellation also returned over $475 million to shareholders through dividend and share repurchase programs.
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