Constellation Brands(STZ) Prnewswire·2025-02-24 10:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Constellation Brands, Inc. regarding a class action lawsuit due to significant discrepancies in the company's financial performance, particularly in the Beer and Wine & Spirits segments, leading to a substantial decline in stock price [1]. Summary by Sections Allegations - The complaint alleges that Constellation Brands provided misleading information about its fiscal year 2024 results and 2025 outlook, focusing on improving product mix, inventory, and sales execution in its Wine and Spirits business [1]. - The company emphasized growth in premium brands and made investments in media spending and price promotions to support distributor partners [1]. - On January 8, 2025, the company reported a significant miss in sales performance, particularly in the Beer segment and an even larger miss in the Wine & Spirits segment, resulting in a stock price drop from 181.81 within two days [1]. Next Steps for Shareholders - Shareholders who purchased shares during the specified class period (April 11, 2024, to January 8, 2025) are encouraged to register for the class action by April 21, 2025, to potentially become lead plaintiffs [2]. - Registered shareholders will receive updates through a portfolio monitoring software regarding the case's progress [2]. About the Law Firm - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceitful and illegal business practices [3]. - The firm aims to recover losses for investors caused by misleading statements or omissions that artificially inflated stock prices [3].