Core Viewpoint - A class action lawsuit has been filed against Constellation Brands, Inc. for alleged misrepresentation of financial results and outlook during the Class Period from April 11, 2024, to January 8, 2025 [1][3]. Financial Performance - The lawsuit claims that Constellation provided misleading information regarding its fiscal year 2024 results and 2025 financial outlook, focusing on improving sales execution in its Wine and Spirits business [3]. - On January 8, 2025, Constellation announced significant misses in sales performance, particularly in the Beer segment and an even larger miss in the Wine & Spirits segment [4]. - Following the announcement of poor sales performance, Constellation's stock price dropped from 181.81 per share by January 10, 2025 [4].
CONSTELLATION ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Constellation Brands, Inc. and Encourages Investors to Contact the Firm