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Benzinga
Benzinga
Business
Dylan Berman

Constellation Brands Is Falling Tuesday: What's Going On?

Constellation Constellation Brands
Stuttgart,,Germany,-,10-02-2022:,Mobile,Phone,With,Logo,Of,American

Constellation Brands, Inc. (NYSE:STZ) shares are trading lower Tuesday after the company cut its fiscal year 2026 outlook, citing macroeconomic headwinds affecting consumer demand.

What To Know: The company lowered its comparable earnings per share outlook to $11.30 to $11.60, down from prior guidance of $12.60 to $12.90.

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