Wine, spirits redraw takes shape as Constellation Brands sales dip in Q1 – results data

Sales in three months to end of May decline 4% to US$2.52bn Beer business down in fiscal first quarter by 2% at $2.23bn Combined wine and spirits operations continue to decrease in size; sales slump 21% Constellation Brands has blamed what it described as "non-structural socioeconomic factors" for pulling the first quarter of its current financial year into negative territory. Three months on from booking a 2% sales increase in fiscal 2025, the multi-category group said yesterday that sales in the quarter to the end of May came in down by 4% on the corresponding period a year ago. The fall rep