Reported 9 days ago
Constellation Brands, the maker of Corona beer, has forecasted its fiscal 2026 profit to fall below analysts' expectations, attributing this to tariffs imposed by the Trump administration on beer imports. The company anticipates an adjusted profit per share between $12.60 and $12.90, significantly lower than the $13.97 forecast. Additionally, Constellation has lowered medium-term net sales projections and announced the sale of some wine brands amid declining demand in the spirits market.
Source: YAHOO