Reported about 12 hours ago
Constellation Brands' CEO, Bill Newlands, expressed cautious optimism regarding the company's position amid recent macroeconomic pressures affecting sales. During an investor call, he acknowledged unprecedented volatility, particularly within Hispanic consumer segments, which make up a large portion of their business. While second-quarter net sales experienced a 15% decline to $2.5 billion, the company is closely monitoring market trends and consumer sentiment, with hopes for stabilization and growth in the latter half of the fiscal year.
Source: YAHOO