Becle (Jose Cuervo) stock faces Q2 pressure as results near

Published on 10/06/2026 at 18:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Becle (Jose Cuervo) stock was last at MXN 13.77 on October 6, 2026, as second-quarter sales fell 13.9 percent. Analysts see MXN 19.245 over 12 months.

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

Becle (Jose Cuervo) stock was last at MXN 13.77 on the BMV at 9:57 a.m. CST on October 6, 2026, down 0.86 percent from MXN 13.89. The tequila producer enters its next reporting checkpoint after second-quarter net sales fell 13.9 percent to MXN 9,865 million.

Second quarter stayed under pressure

According to Momento Corporativo, Becle reported Q2 2026 net sales of MXN 9,865 million, compared with MXN 11,462 million in Q2 2025. Net income fell 29.6 percent to MXN 1,413 million from MXN 2,006 million, making the earnings decline sharper than the sales contraction.

The pressure was concentrated in North America. Sales in the United States and Canada fell 20.5 percent to MXN 5,343 million, while Mexico recorded 1.8 percent growth to MXN 2,919 million, according to Tequila Watch.

Distribution reset shapes the outlook

Becle's total volume declined 6.7 percent to 6.03 million nine-liter cases in Q2 2026. Shipments in the United States and Canada fell 8.7 percent as the company continued its distributor realignment across 18 markets, while management said inventory levels were approaching target, according to Tequila Watch.

The operating split matters for investors: Mexico delivered 5.5 percent organic volume growth excluding the divested b:oost brand, but the North American decline outweighed that recovery in the consolidated figures. Becle describes itself as a producer and distributor of more than 30 spirits, ready-to-drink and non-alcoholic brands sold in more than 85 countries, according to Becle.

Analysts see room above the share price

The 12-month consensus on Investing.com covers 11 analysts and shows an average target of MXN 19.245, with targets ranging from MXN 12 to MXN 34. The average target lies 39.8 percent above the MXN 13.77 BMV price, according to Investing.com.

Barclays analyst Benjamin Theurer cut his target to MXN 16 from MXN 17 while maintaining an Equal Weight rating, as reported by Tequila Watch. The next company checkpoint is the Q3 2026 report scheduled for October 29, 2026, according to Momento Corporativo.

Stock remains near its yearly low

Becle stock was last at MXN 13.77 on the BMV on October 6, 2026, within its 52-week range of MXN 13.07 to MXN 25.29. Its market capitalization stood at MXN 49.5 billion on the same date, keeping the distribution transition and the October results date as the next measurable tests.