Fitch confirms Becle rating as Becle (Jose Cuervo) stock trades at EUR 0.71

Published on 10/16/2026 at 09:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue fell 13.90 percent to MXN 9.87 billion. Becle (Jose Cuervo) stock costs EUR 0.71 on October 16, 2026.

Credit outlook and operating pressure

Fitch Ratings confirmed Becle's BBB issuer rating on October 13, 2026.
Second-quarter revenue fell 13.90 percent to MXN 9.87 billion in 2026.
Becle (Jose Cuervo) stock trades at EUR 0.71 at 9:35 a.m. CEST at Lang & Schwarz on October 16, 2026.

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

Becle (Jose Cuervo) (ISIN MX01CU010003) stock was trading at EUR 0.71 at Lang & Schwarz on October 16, 2026 at 9:35 a.m. CEST. The key company event was a Fitch Ratings confirmation of Becle's BBB issuer rating on October 13, 2026, with a stable outlook, as El CEO reported.

Fitch sees recovery beyond 2026

Fitch expects Becle's organic growth in Mexico to recover by the end of 2027, while constant-currency sales could decline by a low single-digit rate during 2026 and part of 2027. The rating agency linked the pressure to Becle's distributor restructuring in the United States, softer demand and stronger competition in the United States and Canada, according to El CEO.

The credit view offers a counterweight to the recent operating figures. Fitch expects net leverage to stay below 1.0 times over the next 18 to 24 months, while Becle sells products in more than 85 countries and derives 84.00 percent of net revenue from the United States, Canada and Mexico.

What does the second quarter show?

Becle's second-quarter 2026 net revenue fell 13.90 percent year over year to MXN 9.87 billion, while net income declined 29.60 percent to MXN 1.41 billion. The figures were reported by Momento Corporativo.

The regional split explains why recovery timing matters. Sales in the United States and Canada fell 20.50 percent to MXN 5.34 billion, while Mexico posted 1.80 percent sales growth to MXN 2.92 billion. The company also recorded a 6.70 percent decline in total volume to 6.03 million nine-liter cases.

Three milestones frame the reset

In September 2025, Becle sold its stake in LALO Spirits Holdings. In the second quarter of 2026, revenue fell 13.90 percent to MXN 9.87 billion. On October 13, 2026, Fitch confirmed the BBB rating and kept a stable outlook, according to El CEO and Momento Corporativo.

Next reporting date

The next confirmed reporting date is October 29, 2026, when Becle is scheduled to publish third-quarter results, according to Momento Corporativo. That release should show whether the distributor transition is translating into better North American volumes.

Stock price and company scale

Becle's primary listing is on Mexico's BMV under the CUERVO ticker. Its market capitalization was MXN 52.5 billion on October 15, 2026, and its 52-week range was MXN 13.07 to MXN 25.29. The euro quotation gives German investors a current reference, while the business evidence remains concentrated on sales recovery and margin protection.

Becle (Jose Cuervo) stock was trading at EUR 0.71 at Lang & Schwarz on October 16, 2026 at 9:35 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Becle (Jose Cuervo) stock.