Consumer
Brewer Constellation Falls With Tariffs Weighing on Outlook
Corona brewer Constellation Brands reported earnings of $2.63 per share for the quarter.
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Constellation Brands Inc. issued downbeat guidance as new US tariffs and muted demand weigh on the beer, wine and spirits maker.
The company expects earnings of $12.33 to $12.63 per share in the 2026 fiscal year, which reflects the expected impact of US tariffs imposed last week. Wall Street had estimated adjusted earnings for the year of $13.39 to $15.29.