Fitch sees 2027 recovery for Becle stock as sales weaken
Published on 10/15/2026 at 10:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSCredit outlook and operating pressure
- Fitch confirmed a BBB rating on October 13, 2026.
- Second-quarter 2026 sales fell 13.90 percent year over year.
- Becle stock trades at EUR 0.72 at 10:34 a.m. CEST at Lang & Schwarz on October 15, 2026.
Becle (Jose Cuervo) (ISIN MX01CU010003) was quoted at EUR 0.72 at Lang & Schwarz on October 15, 2026, while Fitch Ratings kept its issuer rating at BBB on October 13, 2026. The agency sees a recovery in Mexican organic growth by the end of 2027, but expects sales at constant exchange rates to decline by a low single-digit percentage during 2026 and part of 2027, as El CEO reported.
Fitch sees recovery by 2027
The credit view rests on Becle's brand strength, integrated production and distribution network, and global tequila position. Fitch expects net leverage to remain below 1.0 times during the next 18 to 24 months, while agave prices could support profitability as input conditions improve, according to El CEO. Fitch also said the company sells twice the volume of its closest competitor and distributes products in more than 85 countries.
What does the sales trend mean?
The operating numbers show why the recovery timing matters. In the second quarter of 2026, revenue was MXN 9.87 billion and net income was MXN 1.41 billion, with a 14.29 percent profit margin, according to Yahoo Finance. Separately, Expansion reported that second-quarter sales fell 13.90 percent year over year after a 23.10 percent decline in the first quarter. The comparison points to improvement in the rate of decline, not yet a return to growth.
Three dated operating signals
On July 24, 2026, Becle's second-quarter earnings call followed revenue of MXN 9.87 billion, as listed by 6ix. On September 21, 2026, Expansion highlighted the 13.90 percent second-quarter sales decline and the 23.10 percent first-quarter decline. On October 13, 2026, Fitch confirmed the BBB rating and placed the expected Mexican recovery in 2027.
Next date for investors
Yahoo Finance lists October 28, 2026, as Becle's next earnings date, giving the market a scheduled checkpoint for the distribution reset and demand recovery. The report will be important because Fitch's forecast combines near-term sales pressure with a longer recovery path.
Stock quote and company profile
Becle's shares trade under CUERVO on the Bolsa Mexicana de Valores. The company produces and distributes tequila, whiskey, vodka, rum, gin, mezcal, ready-to-drink and non-alcoholic products, with brands including Jose Cuervo, Tequila 1800, Bushmills and Kraken. The current market capitalization is MXN 53.3 billion based on the latest quoted instrument.
The stock was trading at EUR 0.72 at Lang & Schwarz on October 15, 2026, at 10:34 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Becle (Jose Cuervo) stock.
Becle (Jose Cuervo) stock facts
- Company: Becle, S.A.B. de C.V.
- ISIN: MX01CU010003
- Ticker: CUERVO
- Primary exchange: Bolsa Mexicana de Valores
- Price Lang & Schwarz (as of October 15, 2026, 10:34 a.m. CEST): EUR 0.72
- Market capitalization: MXN 53.3 billion (as of October 15, 2026)
- Sector / Industry: Consumer Defensive / Beverages - Wineries and Distilleries
- Next earnings date: October 28, 2026
Market context: Latest market reports.
