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Constellation’s Wine & Spirits Business Up Double-Digits, Led By Kim Crawford, Mi Campo

October 7, 2026

Constellation Brands has posted sales up 6% to $2.63 billion for its fiscal second quarter through August, with operating income up 1% to $897 million on a comparable basis. The company’s beer business and its wine and spirits unit both saw solid sales gains.

Growth on the wine and spirits side was pronounced, with sales up 17% to $159 million on a 15% shipments increase to 1.5 million (9-liter) cases, and operating income rising markedly to $6.1 million. Depletions came in up 10%, led by an 11% gain for Kim Crawford and a 51% jump for Mi Campo Tequila. Other key brands showing strong momentum in retail channels in the first half of the calendar year included Ruffino, The Prisoner, and Unshackled.

As SND reported yesterday, Constellation has moved to bolster its presence in RTDs with the acquisition of the SpikedAde sports drink-inspired, vodka-based brand for up to $350 million, including potential earnouts. Launched just last year, SpikedAde had volume of 108,000 cases in Nielsen channels for the 29 weeks ending July 18, 2026. The brand will be integrated into Constellation’s beer network.
Constellation’s beer business grew net sales 5% to $2.5 billion on shipments up 5.5% to 124 million (2.25-gallon) cases. While operating income grew 1% to $964 million, depletions were slightly negative at -0.6% for the quarter, owing to 2% and 5% declines for Modelo Especial and Corona Extra respectively, partially offset by gains for Pacifico, Victoria, and the Modelo Chelada brands of 19%, 15%, and 5% respectively.

For its full fiscal year ending next February, Constellation is expecting organic net sales growth of (1)% – 1%, with both its beer and wine and spirits businesses expected to land within the same range.

“We have sharpened our execution and increased investment across the business, and are beginning to see early returns through accelerating dollar and volume share gains in both our Beer and Wine & Spirits businesses relative to the first quarter,” said president and CEO Nick Fink. “As a result, we were the #1 dollar share gainer in beverage alcohol during the second quarter. Looking ahead, we remain focused on building on this momentum by expanding our reach across more consumers and occasions, while investing behind the brands and capabilities that will support our next phase of growth.”

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