Reported 2 days ago
Jim Cramer has expressed strong criticism of Constellation Brands, Inc. (STZ), highlighting a 24% year-to-date decline in its shares following disappointing earnings and changing consumer habits. Cramer pointed to the impact of health-conscious trends and decreasing alcohol consumption, particularly among younger generations, as factors hurting the company, which is known for its beer brands. He suggests that this 'mocktail era' of increased moderation may signal further challenges for alcohol producers.
Source: YAHOO