Reported about 1 month ago
Constellation Brands, known for its popular beer brands and spirits, has reduced its 2025 earnings forecast to between $3.05 and $7.92 per share from an earlier estimate of $14.63 to $14.93. The company will incur a $1.5 billion to $2.5 billion charge due to struggles in its wine and spirits division, although it did raise the lower end of its earnings per share forecast.
Source: YAHOO