Constellation Brands reported a Q2 FY2025 net loss of $1.2 billion, primarily due to a $2.25 billion non-cash goodwill impairment in its Wine and Spirits business. However, comparable EPS grew 14% to $4.32, while net sales increased 3% to $2.92 billion, driven by strong beer segment performance.The Beer Business delivered solid results with net sales up 6% to $2.53 billion and operating income rising 13% to $1.08 billion. Modelo Especial remained the #1 share gainer in the U.S. beer category, while Pacifico grew 23%. Operating margin expanded 270 basis points to 42.6%.The Wine and Spirits segment faced challenges with net sales declining 12% to $388.7 million. The company maintained its FY2025 comparable EPS guidance of $13.60-$13.80 and expects operating cash flow of $2.8-$3.0 billion. A quarterly dividend of $1.01 per share was declared.

Constellation Brands reported a Q2 FY2025 net loss of $1.2 billion, primarily due to a $2.25 billion non-cash goodwill impairment in its Wine and Spirits business. However, comparable EPS grew 14% to $4.32, while net sales increased 3% to $2.92 billion, driven by strong beer segment performance.The Beer Business delivered solid results with net sales up 6% to $2.53 billion and operating income rising 13% to $1.08 billion. Modelo Especial remained the #1 share gainer in the U.S. beer category, while Pacifico grew 23%. Operating margin expanded 270 basis points to 42.6%.The Wine and Spirits segment faced challenges with net sales declining 12% to $388.7 million. The company maintained its FY2025 comparable EPS guidance of $13.60-$13.80 and expects operating cash flow of $2.8-$3.0 billion. A quarterly dividend of $1.01 per share was declared.