Fitch confirms Becle's BBB rating and sees 2027 recovery for Becle stock

Published on 10/14/2026 at 09:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fitch sees low-single-digit sales declines in 2026. Becle stock costs EUR 0.70 on October 14, 2026 before earnings on October 28, 2026.

Recovery depends on regional demand

Fitch confirmed Becle's BBB issuer rating with a stable outlook on October 13, 2026.
Second-quarter 2026 sales fell 13.90 percent and EBITDA declined 23.40 percent.
Becle stock trades at EUR 0.70 at 9:39 a.m. CEST at Lang & Schwarz on October 14, 2026.
Yahoo Finance lists October 28, 2026 as the next earnings date.

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

Becle (Jose Cuervo) (ISIN MX01CU010003) was trading at EUR 0.70 at Lang & Schwarz on October 14, 2026 at 9:39 a.m. CEST. On October 13, 2026, Fitch confirmed Becle's BBB issuer rating with a stable outlook and projected a recovery in Mexico by the end of 2027, according to El CEO.

Three pressure points shape the story

On October 23, 2025, Becle stock reached MXN 23.86 after a quarterly rebound, according to Expansión. On September 21, 2026, the same review reported that second-quarter 2026 sales fell 13.90 percent and EBITDA declined 23.40 percent year over year. On October 13, 2026, Fitch's rating confirmation added a stable credit signal while its recovery timetable extended to 2027.

What drives the 2027 recovery?

Fitch linked the recovery path to the restructuring of Becle's U.S. distribution network, softer demand and competition in the United States and Canada. The agency expects low-single-digit sales declines at constant exchange rates during 2026 and part of 2027, while net leverage is expected to remain below 1.00 times over the next 18 to 24 months, according to El CEO.

The geographic mix makes the transition important: 84.00 percent of net revenue comes from the United States, Canada and Mexico, while tequila represents 72.00 percent of total revenue. Becle's corporate site says the group sells more than 30 spirits, ready-to-drink and non-alcoholic brands in more than 85 countries, including Jose Cuervo, Bushmills and Kraken, as described by Becle.

Next report sets the next test

Yahoo Finance lists October 28, 2026 as Becle's next earnings date, giving the market a scheduled checkpoint for the distribution reset and the second-quarter decline, according to Yahoo Finance. The BMV quote was MXN 14.47 on October 13, 2026, with a 52-week range of MXN 13.07 to MXN 25.29 and market capitalization of MXN 52.0 billion.

EUR 0.70 during the Xetra session

Becle stock was trading at EUR 0.70 at Lang & Schwarz on October 14, 2026 at 9:39 a.m. CEST. The quote is in the regular Xetra session window; the current reference is stated without a percentage comparison because the dated Xetra close required for the reference base is not substantiated.

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