Constellation Brands on Tuesday reported quarterly earnings and revenue that missed analysts’ estimates as beer demand slid and tariffs on aluminum weighed on its profitability.Still, the brewer reiterated its forecast for fiscal 2026,

Shares of Constellation Brands fell after hours on Tuesday after the beer and wine maker forecast better-than-expected profits but said “socioeconomic headwinds” had hit beer demand.

Constellation, which specializes in Mexican brews, has been coping with canned-beer tariffs that started in April.