Constellation Brands reported fourth-quarter revenue that fell 11% to $1.92 billion, despite a slight increase in beer sales. The U.S. importer of Modelo and Corona beers saw declines in wine and spirit sales that offset gains in beer revenue. The company posted a profit of $201.8 million, or $1.16 per share, compared with a year-earlier loss.

Adjusted earnings per share reached $1.90, beating analyst estimates of $1.71. While revenue missed expectations, the company's bottom line improved significantly from the same period last year when it recorded a loss of $375.3 million, or $2.09 per share. The results reflect ongoing challenges in the company's spirits portfolio.

Constellation's performance highlights the volatility in alcoholic beverage markets, where consumer preferences shift toward beer while traditional wine and spirits categories face headwinds. The company's ability to maintain profitability despite revenue declines suggests cost controls are helping offset market pressures in its non-beer segments.