Constellation Brands Stock Slumps. Why It Slashed Guidance.
1. STZ's fiscal-year outlook was cut due to weak beer demand. 2. Organic net sales forecast lowered to decline 4%-6% for fiscal 2026. 3. Beer sales expected to fall 2%-4%, impacting overall revenue. 4. CEO cites challenging macro conditions affecting consumer behavior. 5. Shares dropped 8% in premarket trading following the negative forecast.