Constellation Brands reiterates lower full-year guidance
1. Constellation Brands beat earnings expectations but lowered full-year guidance. 2. Net sales fell 15% compared to last year, impacting revenues significantly. 3. Company's operating margin decreased by 200 basis points due to aluminum tariffs. 4. Management cites challenging macroeconomic conditions and declining demand from Hispanic consumers. 5. CEO affirms focus on strategic objectives despite ongoing socioeconomic challenges.