Modelo Beer Maker Constellation Brands' Stock Plummets on Lowered Growth Forecast

Key TakeawaysConstellation Brands shares plunged Friday, after the maker of beer, wine, and spirits cut its outlook as consumers held back spending.CEO Bill Newlands said it was uncertain when consumers will revert to more normal spending.The news offset better-than-expected results for the fiscal third quarter. Constellation Brands (STZ) shares plunged Friday, after the maker of beer, wine, and spirits cut its outlook as consumers held back spending. The company behind brands including Modelo beer and Kim ...