Constellation Brands Adjusts FY25 EPS Forecast Amid Weak Wine and Spirits Demand
Tuesday, 3 September 2024, 07:52
Constellation Brands Lowers FY25 EPS Outlook
Constellation Brands (STZ) has recently revised its FY25 earnings per share forecast, reflecting soft demand for its wine and spirits offerings. The company is also taking an impairment charge of up to $2.5 billion on its business segment, indicating a significant shift in market dynamics.
Implications for Investors
This lowered outlook raises questions about the future trajectory of revenue as consumers favor other beverage alternatives. Analysts suggest closely monitoring trends in consumer preferences and market reactions.
Key Highlights
- FY25 EPS guidance lowered
- Impairment charge of up to $2.5 billion
- Shifts in consumer demand
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