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Constellation Brands Cuts Guidance Amid Beer Market Weakness
Constellation Brands Cuts Guidance Amid Beer Market Weakness
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BTCCSquare news:
Constellation Brands Inc. shares tumbled 6.7% after slashing fiscal-year earnings guidance, citing macroeconomic pressures and declining beer demand. The Corona brewer now expects adjusted EPS of $11.30-$11.60, down from $12.60-$12.90, with organic sales projected to fall 4%-6%.
CEO Bill Newlands highlighted particular softness in high-end beer sales among Hispanic consumers, linking the trend to immigration policy impacts. Despite market share gains, the alcohol sector faces structural challenges including changing consumption patterns and tariff pressures.
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