Constellation Brands Slashes 2026 Outlook Amid Plummeting Beer Demand, Shares Dive
Constellation Brands Slashes 2026 Outlook Amid Plummeting Beer Demand, Shares Dive Constellation Brands, the powerhouse behind popular U.S. beer brands Modelo and Corona, announced a significant cut to its full-year sales and profit outlook on Tuesday, sending its shares down over 6% in afternoon trading. The company attributes the revised forecast primarily to a sharper-than-expected decline in demand, particularly among its crucial Hispanic consumer base. President and CEO Bill Newlands highlighted a trend of reduced high-end beer purchases over recent…