Constellation Brands Lowers Sales Forecast Amid Declining US Beer Demand
TL;DR Summary
Constellation Brands lowered its full-year sales and profit outlook due to declining demand for beer among U.S. consumers, especially Hispanic buyers, amid economic concerns and reduced social gatherings, leading to a projected 2-4% fall in beer sales for 2026 and a drop in stock value.
Topics:top-news#beer-demand#business#constellation-brands#hispanic-consumers#market-decline#sales-forecast
- Modelo seller Constellation Brands lowers sales forecast as US consumers buy less beer Yahoo Finance
- Constellation Brands Cuts Outlook on Weak Beer Demand The Wall Street Journal
- Modelo maker hit by lower beer sales to Hispanic consumers in US Financial Times
- Constellation Brands shares sink as Modelo maker slashes guidance, sees Hispanic consumer decline CNBC
- Stock Movers: Constellation Brands, Elf Beauty, Frontier Group Bloomberg.com
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