Constellation Brands, Inc. (STZ) Presents At Barclays 18th Annual Global Consumer Staples Conference 2025 Transcript

Group 1 - The U.S. beer industry is experiencing significant changes, with updated fiscal '26 guidance indicating a lowered outlook for both top and bottom lines due to ongoing consumer demand headwinds, particularly affecting Hispanic consumers [1][2] - There is considerable concern at the consumer level, characterized by volatility and worries about financial stability, which impacts purchasing behavior [2] - The decline in "4,000 calorie jobs," such as construction, is noted as a negative trend year-on-year, which typically has a positive correlation with consumer spending [3]