Constellation Brands stock is struggling due to declining alcohol consumption in the U.S. Despite Warren Buffett’s interest, the company’s shares have been on a downward trend. Quarterly reports show stagnant or declining sales, with a slim 1% growth in one quarter. The future looks uncertain for the alcohol purveyor.
Gallup’s research reveals a decline in alcohol consumption in America, impacting Constellation’s market. Despite Buffett’s support, the company faces challenges with its stock as consumer tastes shift. With the “Buffett Effect” waning, investors are cautious about Constellation’s future in a declining market.
Read more at Yahoo Finance: Read This Before Buying Constellation Brands Stock
