Beer volume rebounds 2% as aluminum tariffs lifted; Wine stabilizes post-divestiture

Filed July 1, 2026 · Period ending May 31, 2026 · Compared to 10-Q Jul 2, 2025 · ~1 min read

Key Changes

• high

  Beer segment net sales grew 2% on $40.7M volume growth and $17.6M pricing gains, reversing prior-year 2% decline driven by $75.7M volume drop. Aluminum tariffs removed April 2026, eliminating cost headwind in place since February 2025.

  MD&A: Beer Segment Performance verify on EDGAR →
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  Operating income rose 18% on $49.3M commodity derivative gain (vs. $17.7M loss prior year), lower asset impairment ($18.3M vs. $52.1M), and restructuring benefits. Net income up 27%, diluted EPS up 31%.

  MD&A: Operating Results verify on EDGAR →
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  Wine and Spirits organic net sales increased $10.7M on $17.2M volume growth, reversing prior-year $72.5M decline. Organic shipment volume grew 7.7% vs. 13.3% decline in Q1 FY2026, reflecting stabilization in higher-end portfolio.

  MD&A: Wine and Spirits Segment verify on EDGAR →