Constellation Brands missed Q3 earnings estimates, stock price dropped 16%

From Stocktwits: 2025-01-13 01:00:12

Constellation Brands missed revenue and EPS estimates for the third-quarter, resulting in a 16% drop in stock price. The company posted net sales of $2.46 billion, below the expected $2.53 billion. Adjusted earnings per share were $3.25, missing estimates of $3.31. Constellation cut its fiscal year sales and profit forecast, with adjusted earnings expected to be between $13.40 and $13.80. Stocktwits sentiment fell to ‘neutral’ and message volumes were ‘normal’. Concerns about potential tariffs on Mexican goods and U.S. Surgeon General’s advisory on alcohol consumption are impacting the company’s performance. Constellation stock is down 17.87% year-to-date.



Read more at Stocktwits: Constellation Brands Shares Slip On Q3 Earnings Miss: Retail’s Cautious