Corona and Modelo Are Shrinking While Pacifico and Victoria Are Booming. Here's What That Means for Constellation Brands Stock.

Constellation Brands reported better-than-expected Q2 earnings with 6% organic revenue growth, but underlying weakness emerged as Corona and Modelo depletions declined 5% and 2% respectively. However, smaller brands Pacifico (up 19%) and Victoria (up 15%) showed strong growth, helping the company gain 0.8% overall market share. The wine and spirits segment also delivered strong growth through portfolio repositioning toward premium brands.