Constellation Brands slashes 2025 sales growth forecast to 2-5% due to declining consumer spending and lower wine sales.

Constellation Brands, known for High West whiskey and Corona beer, now projects 2025 organic net sales growth at 2-5%, down from a previous 4-6% forecast, due to weaker consumer spending and retailer destocking. Wine and spirits sales fell 14%, while beer sales grew 3%. The company sold its Svedka vodka brand and now expects a 5-8% decline in wine and spirits sales for the fiscal year.

2 months ago
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