Constellation Brands reported a decline in first-quarter fiscal year 2026 revenue and profit, driven by weaker consumer demand and increased costs from aluminum tariffs. The company's adjusted earnings per share (EPS) came in at $3.22, missing Wall Street estimates, while net sales fell 6% to $2.52 billion. Net income declined to $516 million from $877 million in the previous year. The beer segment experienced a 2% sales decline despite gains in U.S. market share, with softer demand particularly notable in key sales states and zip codes. The CEO attributed the subdued consumer spending to non-structural socioeconomic factors and ongoing value-seeking behaviors. Meanwhile, Boston Beer Company reported a 1.5% increase in second-quarter net revenue to $587.9 million and a 15.5% rise in net income to $60.4 million, with diluted EPS of $5.45 beating estimates. However, Boston Beer also faced shipment declines for its Truly and Samuel Adams brands despite market share growth, and it anticipates more moderate tariff effects for the full year.