Constellation Brands sinks on new outlook
Constellation Brands(US:STZ) CNBC Televisionยท2025-09-02 16:15Welcome back. Falling consumer spending and this pullback in beer sales causing Constellation brands to cut guidance this morning. Our Brandon Gomez following that story today.Morning Brandon. >> Hey Carl. Good morning.Look, a buzzkill for big booze investors. Carl, with Constellation shares on pace for their worst day since January when the stock fell 17%. Not a surprise, frankly, for anyone who has been tracking the space, cutting comparable EPS by over a dollar.The brewer's beer business, though, the rea ...