Fitch keeps Becle at BBB as Becle stock awaits results

Published on 10/21/2026 at 12:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fitch kept Becle at BBB on October 13, 2026. Becle stock costs EUR 0.74 on October 21, 2026 ahead of October 29 results in Mexico.

Credit outlook and reporting date

Fitch Ratings affirmed Becle's BBB issuer rating with a stable outlook on October 13, 2026.
Second-quarter 2026 revenue was MXN 9.87 billion and net income was MXN 1.41 billion.
Becle stock trades at EUR 0.74 at 11:53 a.m. CEST at Lang & Schwarz on October 21, 2026.

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

Becle (Jose Cuervo) (ISIN MX01CU010003) was trading at EUR 0.74 at Lang & Schwarz on October 21, 2026 at 11:53 a.m. CEST. The latest company-specific catalyst is Fitch Ratings' affirmation of Becle's BBB issuer rating and stable outlook on October 13, 2026.

Credit quality meets weaker demand

Fitch expects Becle's constant-currency sales to decline by a low single-digit percentage in 2026 and part of 2027, while sales volumes are projected to fall by a mid-single-digit percentage in 2026. The agency cited softer consumer demand, stronger competition in the United States and Canada, and the restructuring of Becle's US distributor network.

The rating case still includes a recovery path. Fitch expects organic growth in Mexico to recover by late 2027, supported by lower agave prices, while net leverage is projected to remain below 1.0 times over the next 18 to 24 months.

What do the latest figures show?

Becle reported second-quarter 2026 revenue of MXN 9.87 billion and net income of MXN 1.41 billion, according to Yahoo Finance. The figures give investors a concrete baseline before the next report and show the scale of the business in the latest reported quarter.

Three dated signals for the stock

On April 30, 2026, Becle's earnings update highlighted a sharp decline in sales and profit during the US transition, according to 6ix. On June 30, 2026, second-quarter revenue reached MXN 9.87 billion and net income reached MXN 1.41 billion. On October 13, 2026, Fitch affirmed the BBB rating with a stable outlook.

What dates come next?

Yahoo Finance lists October 28, 2026 as the earnings date for the Frankfurt-traded line, while Becle's investor topic identifies October 29, 2026 for the third-quarter report. The date places the next operating update within the immediate reporting calendar.

Market value and investor lens

Becle had a market capitalization of MXN 55.0 billion as of October 20, 2026, based on the BMV quotation. For investors, the central tension is numerical: Fitch sees a low-single-digit sales decline in 2026, while the rating remains at BBB and leverage is expected below 1.0 times.

Becle was trading at EUR 0.74 at Lang & Schwarz on October 21, 2026 at 11:53 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Becle stock.