Constellation Brands Inc. Updates Fiscal 2026 Outlook
Constellation Brands Inc., a US-based beverage company, has revised its fiscal 2026 outlook downward. The revision is attributed to challenging macroeconomic conditions.
Key Changes to Fiscal 2026 Outlook
- Lower earnings growth guidance
- Lower sales growth guidance
Market Reaction
The company’s stock price has declined in recent days, with some reports indicating a loss of over 7% in a single trading session. This decline has had a ripple effect on other beverage stocks, with some peers experiencing losses as well.
Market Impact
The overall market has been impacted, with the S&P 500 index experiencing a decline of over 1% on the day.