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INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Constellation Brands, Inc of Class Action Lawsuit and Upcoming Deadlines - STZ

1. Class action lawsuit filed against Constellation brands over potential securities fraud. 2. Net sales of Wine and Spirits declined by 14% amid weak consumer demand. 3. Analysts lowered price targets following disappointing financial results released in January. 4. Constellation's stock price fell 17.09% after revealing negative forecast for sales. 5. Investors have until April 21, 2025, to join the class action.

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FAQ

Why Very Bearish?

The lawsuit indicates possible severe governance issues, reminiscent of past corporate scandals. Historical cases have led to significant long-term declines in stock prices.

How important is it?

The severity of the lawsuit and resulting financial implications make this a high-impact event for STZ.

Why Long Term?

Legal issues could linger, affecting investor confidence and company reputation for years.

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BUDDEOPG
NEW YORK, March 3, 2025 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Constellation Brands, Inc ("Constellation" or the "Company") (NYSE: STZ). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. The class action concerns whether Constellation and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. You have until April 21, 2025 to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Constellation securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com. [Click here for information about joining the class action] On January 10, 2025, Constellation issued a press release announcing the Company's financial results for the third quarter of fiscal year 2025. Among other items, the Company reported that "[o]ur Wine and Spirits net sales declined 14% driven by a 16.4% decrease in shipment volumes, mostly driven by ongoing weaker consumer demand and continued retailer inventory destocking across most price segments in the U.S. wholesale market" and that "[t]he Wine and Spirits Business expects organic net sales decline of 5 - 8% and operating income decline of 17 - 19%". In response to Constellation's disclosures, analysts lowered their price targets for the Company's stock, with a J.P. Morgan analyst comparing Constellation's disappointing results "with what sounded like a more constructive tone at a recent conference presentation in early December[.]" On this news, Constellation's stock price fell $37.47 per share, or 17.09%, to close at $181.81 per share on January 10, 2025. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:Danielle PeytonPomerantz LLP[email protected]646-581-9980 ext. 7980 SOURCE Pomerantz LLP

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