Modelo Parent Constellation Brands Trims Sales Outlook, Citing Tariff Concerns
1. Constellation Brands lowered its sales outlook for fiscal 2026 and beyond. 2. Adjusted EPS forecast of $12.60 to $12.90 is below analyst expectations. 3. Sales projections revised to a decline of 2% to an increase of 1%. 4. Impact attributed to recently imposed tariffs affecting the pricing structure. 5. The company plans to sell lower-cost wine brands, focusing on premium pricing.