Constellation Brands (STZ), best known for marquee beer brands like Corona and Modelo, recently issued a sobering fiscal 2026 earnings forecast that sent shares tumbling to their lowest levels since the height of the Covid-19 pandemic. This was a result of a tough economic backdrop that is weighing on alcohol demand.
CEO Bill Newlands noted that high-end beer sales have slowed in recent months, with fewer shopping trips and lower spending per visit. The company earlier this year had projected that higher U.S. tariffs on beer would impact sales and overall consumer demand.
