While updating the management's current financial outlook for the full-year 2026 on Tuesday, beverage alcohol company Constellation Brands, Inc. (STZ) slashed its reported earnings comparable earnings and sales growth guidance for the full year, due to a challenging macroeconomic environment.
"We continue to navigate a challenging macroeconomic environment that has dampened consumer demand and led to more volatile consumer purchasing behavior since our first quarter of fiscal 2026," said Constellation Brands President and Chief Executive Officer Bill Newlands.
For fiscal 2026, the company now projects reported earnings in the range of $10.77 to $11.07 per share and comparable earnings in the range of $11.30 to $11.60 per share on enterprise organic net sales decline of 6 to 4 percent.
Previously, the company expected earnings in a range of $12.07 to $12.37 per share and comparable earnings in a range of $12.60 to $12.90 per share on enterprise organic net sales between a decline 2 percent and a growth of 1 percent.
On average, analysts polled expect the company to report earnings of $12.65 per share on net sales decline of 7.53 percent to $9.44 billion for the year. Analysts' estimates typically exclude special items.
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December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.