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Constellation Brands Sales Dip Amid Market Shifts | Business and Finance News
Description
Constellation Brands delivered mixed Q1 2027 results: overall sales fell 3.3% to $2.43 billion as consumers cut back on drinks, but beer sales rose 2% to $2.28 billion thanks to pricing and volume gains. Wine and spirits took a major hit—down 47%—due to prior brand sales, while CEO remains upbeat, focusing on consumer insights and new product bets. Rising fuel costs and inflation squeezed budgets, yet the company raised its full-year earnings forecast, sending shares higher as investors bet on future growth.
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