Reported 3 days ago
Constellation Brands faced a significant 17% drop in stock price in September after the company revised its fiscal 2026 guidance downward, citing a challenging economy and declining beer demand. Despite managing to increase market share in most states, factors like tariffs, changing consumer habits, and macroeconomic pressures are affecting overall sales and profitability. Analysts have reacted by downgrading the stock, indicating a grim outlook for the beer industry.
Source: YAHOO