Constellation Brands’ Revenue by Segment (2016-2023)

This statistic highlights Constellation Brands’ Revenue by Segment, split between Beer, Wine & Spirits, and Canopy, reported on a quarterly basis from Q1 2016 onwards.

Constellation Brands’ Revenue by Segment

(All figures in billion, except percentages)

The total revenue of Constellation Brands increased from $2.340 billion to $2.482 million from Q2 2021 to Q2 2022, marking a growth of about 6% on a year-on-year basis. There was also a growth of approximately 15.8% in revenue from Q1 2022 to Q2 2022. However, the revenue earned in Q1 2022 was lower as compared to the revenue earned in Q2 2021.

Beer

Constellation Brands is the number 1 brewer and seller of imported beer in the US. It is also the leader in the high-end segment of the beer market in US which includes the imported, crafted as well as the ABA category. Modelo Especial is the best-selling imported beer in the US. It has tripled his production in Mexico in the past eight years. The company has also made capital investments to increase the production capacity of beer.

This beer segment has the maximum share of 75% in the company’s revenue. The total revenue from this segment increased from $1.636 billion to $1.861 billion marking a growth of approximately 13.8% from Q2 2021 to Q2 2022 within a year. The revenue also increased by 18.4% from Q1 2022 to Q2 2022 but on the other hand, the revenue decreased by approximately 4% from Q2 2021 to Q1 2022.

Wine and Spirits

Constellation Brands is a leading, higher-end company of wine and spirits in the US markets. Its portfolio includes higher-end, higher-margin wine as well as spirit brands. Some higher-end spirit brands were also added to the portfolio through the acquisition of High West Craft whiskeys as well as Casa Noble tequila. The wine is supported by grapes which are purchased from independent growers and vineyard holdings in US and New Zealand. The primary marketing is done in US and then it is exported to other major markets worldwide.

The total revenue from this segment declined by about 18.3% in a year from Q2 2021 to Q2 2022. On the contrary, the revenue increased from $0.455 billion to $0.510 billion representing a 12% growth in revenue from Q1 2022 to Q2 2022. This segment accounted for 20.5% share in the company’s revenue.

Canopy

The company complement its beverage alcohol strategy by its investment in Canopy. Canopy Equity Method Investment makes up this segment. The company expanded its strategic relation with Canopy to help it emerge as a global leader in cannabis production, branding and retailing. It operates in medicinal as well as recreational cannabis markets. There is much competition in its quality, price, brand or consistency. Its ability to achieve its business objective is dependent upon the legality of the cannabis industry.

The total revenue under this segment increased from $0.080 billion to $0.111 billion marking a 38.8% growth from Q2 2021 to Q2 2022. On the other hand, there was a decline of about 5% of revenue in Q2 2022 as compared to Q1 2022. Overall, this segment accounts for approximately 4.5% of the company’s total revenue.

About the company

Constellation Brands produces and markets wine, beer as well as spirits. It has its operations in Mexico, New Zealand, Italy as well as the US with consumer connected and high-quality brands like SVEDKA Vodka, Corona Extra, Kim Crawford and many more. It is the top growth contributor in the US at retail level among the beverage alcohol suppliers. Its main consumers comprise of wholesale distributors as well as retailers along with on-premise locations. It also conducts business through joint ventures.

The company was incorporated in 1972 and is headquartered in New York. It aims to benefit from consumer-led premiumization trends which is pertinent to faster growth. The company has deployed a combination of organic growth and acquisitions for high margin and high growth categories of the beverage alcohol industry. The company’s hard work, determination and will to take bold, calculated risks and the urge to deliver more for customers, employees, shareholders as well the community is what has made it one of the fastest growing, large CPG companies in the US.

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