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Constellation Brands reiterates lower full-year guidance
Modelo beer is displayed on a shelf at a Safeway store on Oct. 6, 2025 in San Anselmo, California.
Justin Sullivan | Getty Images
Modelo owner Constellation Brands beat on the top and bottom lines in its fiscal second-quarter earnings report on Monday and reiterated its lowered full-year guidance due to macroeconomic headwinds.
Shares of the company rose roughly 3% in extended trading.
Here’s how the company performed in the second quarter, compared with what Wall Street was expecting based on a survey of analysts by LSEG:
- Earnings per share: $3.63 adjusted vs. $3.38 expected
- Revenue: $2.48 billion vs. $2.46 billion expected
For the period ending Aug. 31, the company reported net income of $466 million, or $2.65 per share, compared with a loss of $1.2 billion, or $6.59, the year prior. Excluding costs for restructuring and other items, the brewer reported earnings of $3.63 per share.
Constellation’s net sales dropped 15% from the same period last year to $2.48 billion, and the company’s operating margin fell 200 basis points due in part to aluminum tariffs.
“While we continue to navigate a challenging socioeconomic environment that has dampened consumer demand, our teams remain focused on executing against our strategic objectives, including driving distribution gains, disciplined innovation and investing behind our brands,” CEO Bill Newlands said in a statement.
In September, Constellation announced it was slashing its full fiscal year guidance due to a “challenging macroeconomic environment.” It cut its comparable earnings per share outlook to a range of $11.30 to $11.60, down from $12.60 to $12.90, and reaffirmed that outlook in Monday’s report.
The company also reiterated its previous estimate of organic net sales falling 4% to 6% for fiscal 2026, down from a previous expectation of 1% growth to a 2% decline.
Constellation also previously identified a trend of lower demand from Hispanic consumers, which it said was caused by concerns about President Donald Trump‘s immigration policies and potential job losses.
Constellation executives will hold a call with analysts tomorrow at 8 a.m. ET.
Business
Anthropic’s new AI model exposes fresh risks, flaws for cybersecurity, IT services – The Times of India
New Delhi: A powerful new AI model is forcing govts, banks, and technology firms to rethink the rules of cybersecurity – and in India, the stakes may be even higher.Claude Mythos, developed by Anthropic, has demonstrated the ability to autonomously detect and exploit software vulnerabilities, including flaws that have persisted for decades. Early tests revealed that the model could identify long-standing weaknesses and simulate complex, multi-step cyberattacks, prompting the company to restrict its wider release. Anthropic CEO Dario Amodei highlighted the shift, noting that AI systems are now capable of finding vulnerabilities “that humans have missed”, a signal of how quickly the cybersecurity landscape is changing.US Treasury Secretary Scott Bessent reportedly convened a meeting with top bank executives – including leaders from JPMorgan Chase, Goldman Sachs, Citigroup, BoA, and Morgan Stanley – to assess the risks posed by such advanced AI systems.That concern is not theoretical. According to Jaydeep Singh, GM for India at Kaspersky, the emergence of such systems represents a turning point not just for security professionals, but for everyday users. “We have been closely monitoring how AI is reshaping the threat landscape, and Claude Mythos represents a moment that every user, not just the cybersecurity industry, needs to understand,” Singh said.The dual-use nature of AI is at the heart of the concern. The same capability that strengthens defences can just as easily be weaponised. “The same capability that finds a 27-year-old vulnerability in hardened infrastructure is the capability that, in the wrong hands, turns every unpatched system into an open door,” Singh added.Cybersecurity firm Check Point Software Technologies echoed the warning. Sundar Balasubramanian, MD, India and South Asia, for Check Point, says, AI is “dramatically lowering the barrier to entry for cyber attackers,” enabling even less-skilled actors to identify and exploit vulnerabilities. He added that defensive tools can be repurposed offensively, compressing the traditional gap between attackers and defenders. Jayant Saran, partner, Deloitte India, described this as a “changed reality,” where organisations must prepare for risks that were previously invisible. He called AI a “double-edged sword…that cannot be reversed,” highlighting an accelerating race between those securing systems and those attempting to break them.In India, the risks are amplified by scale. From UPI to banking and govt platforms, millions depend on digital infrastructure – much of it built on legacy systems. These systems are often slower to patch, harder to monitor, and lack continuous threat intelligence, creating what Saran called an “asymmetric risk exposure.” Singh pointed out that this gap is especially critical in India, where legacy infrastructure serves hundreds of millions.Beyond cybersecurity, ripple effects could reach financial markets. Analysts say models like Mythos could automate parts of software development, testing, and security – core functions of IT services industry. While disruption may be gradual, labour-intensive outsourcing models could face pressure, while firms embracing AI may benefit.
Business
Could a digital twin make you into a ‘superworker’?
Firms say digital twins make staff more productive, but are they a potential legal minefield?
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Netflix co-founder Reed Hastings to step down as chairman
Hastings set up the company in 1997, when it rented DVDs to customers and delivered by post.
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