Corona beer maker Constellation Brands slips after cutting annual forecast

Constellation Brands

02/09/2025 13:38

** Corona beer maker Constellation Brands' STZ.N shares down 8.25% at $148.58 premarket

** Co cuts fiscal 2026 forecast due to soft consumer demand driven by tariff-related price hikes and economic uncertainty

** Expects comparable EPS guidance in the range of $11.30 to$11.60 compared with prior forecast of $12.60 to $12.90

** Co now sees enterprise organic net sales to decline between 4% and 6% vs. a 1% to 2% decline expected previously

** "High-end beer buy rate declines for Hispanic consumers were more pronounced than general market declines, which has an outsized impact on our Beer Business compared to the broader beer category," co says

** Stock down nearly 27% YTD, up to last close

 (Reporting by Sanskriti Shekhar)

 ((Sanskriti.Shekhar@thomsonreuters.com;))