Constellation Brands Beats Earnings Expectations, But Corona Extra Sales Decline

Constellation Brands, the maker of Corona Extra and Modelo Especial, reported strong second-quarter earnings, exceeding analysts’ expectations. However, Corona Extra sales declined by 3% during the quarter, raising concerns about the brand’s performance. Despite the challenges, analysts remain optimistic about the company’s long-term prospects and its ability to deliver on its fiscal 2025 guidance.

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