Constellation Brands offloads cheaper wine brands, looks to save money as forecast sinks stock - MarketWatch

1. Constellation Brands to sell lower-end wine brands to focus on upscale options. 2. Company forecasts EPS of $12.33 to $12.63, below Wall Street's $13.94 expectation. 3. Projected cost savings of over $200 million by fiscal 2028 through restructuring. 4. Reported $2.16 billion in Q4 sales, exceeding expectations amid a softer consumer backdrop. 5. Investment of $2 billion planned to expand brewery capacity in Mexico by fiscal 2028.