Constellation Brands(STZ) Prnewswire·2025-03-03 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 Relevant Sections Allegations - The complaint alleges that Constellation Brands provided misleading information about its fiscal year 2024 results and 2025 outlook, focusing on improving sales execution in its Wine and Spirits business [1]. - The company emphasized premium brands to drive growth and made investments in media spending and price promotions [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]. Class Action Details - The class period for the lawsuit is from April 11, 2024, to January 8, 2025, and shareholders are encouraged to register for participation [2]. - The deadline for seeking lead plaintiff status is April 21, 2025, and there are no costs or obligations for shareholders to participate [2]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements that inflate stock prices [3].