Modelo owner Constellation is getting creative to bring back beer drinkers as overall demand weakens

Constellation Brands reported fiscal second-quarter adjusted earnings of $3.74 per share on $2.63 billion in revenue, surpassing Wall Street projections of $3.56 per share and $2.54 billion in revenue. Beer revenue climbed 5% to approximately $2.47 billion, with beer shipments rising 5.5%. However, the company acknowledged that beer depletions—a key indicator measuring sales from distributors to retailers—declined modestly during the quarter, suggesting underlying consumer demand wa