Fitch affirms Becle rating for Becle stock amid 2026 sales declines

Published on 10/25/2026 at 01:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached MXN 9.87 billion after a 13.90 percent decline. Becle stock was last at MXN 16.32 on October 23, 2026.

Credit rating and operating pressure

Fitch affirmed Becle's BBB rating with a stable outlook on October 13, 2026.
Second-quarter fiscal 2026 revenue reached MXN 9.87 billion after a 13.90 percent decline.
Becle's market capitalization was MXN 58.6 billion as of October 23, 2026.

Becle (Jose Cuervo), MX01CU010003, Illustration mit AI erstellt.

Becle (Jose Cuervo) (ISIN MX01CU010003) reported second-quarter fiscal 2026 revenue of MXN 9.87 billion, down 13.90 percent, while Fitch affirmed its BBB credit rating with a stable outlook on October 13, 2026. The rating action gives Becle stock a clear operating counterpoint ahead of the next results date.

Fitch sees recovery by 2027

According to El Fondo on October 13, 2026, Fitch expects Becle's constant-currency sales to decline in the low single digits during 2026 and part of 2027. Sales volumes are projected to fall by mid-single digits in 2026 and by low single digits in 2027.

The credit view also identifies a potential margin support: Fitch expects profitability to improve as agave prices become more favorable. It projects net leverage below 1.0 times over the next 18 to 24 months, while competition in the United States and Canada and the restructuring of Becle's US distributor network remain pressures.

What does the latest quarter show?

Yahoo Finance lists MXN 9.87 billion of revenue and MXN 1.41 billion of earnings for the second quarter of fiscal 2026, with a 14.29 percent margin. The figures underline why the rating outlook and the upcoming report matter more than the brand portfolio alone.

When are results due?

Yahoo Finance gives October 28, 2026 as the next earnings date. Becle's website describes a portfolio of more than 30 spirits and beverage brands distributed in over 85 countries, so the report can clarify whether weaker demand is concentrated in tequila or spreading across categories.

BMV quotation and company scale

Becle was last at MXN 16.32 on the BMV on October 23, 2026 at 1:59 p.m. CST. Its market capitalization was MXN 58.6 billion on the same date. The further course of trading is shown by the continuously updated real-time quote of Becle stock.