Modelo owner Constellation Brands reported second-quarter earnings Monday, reiterating a lower full-year guidance due to macroeconomic headwinds.
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Modelo owner Constellation Brands
beat on the top and bottom lines in its fiscal second-quarter earnings report on Monday and reiterated its lowered full-year guidance due to macroeconomic headwinds.
Shares of the company rose roughly 3% in extended trading.
Here’s how the company performed in the second quarter, compared with what Wall Street was expecting based on a survey of analysts by LSEG:
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Two years ago, Modelo unseated Bud Light after the Anheuser-Busch beer held the top spot for more than two decades.
