Constellation Brands suspends FY28 outlook

US alcoholic drinks group Constellation Brands (STZ) served up forecast-beating Q4 results and called out encouraging momentum across its beer and wine and spirits businesses. However, FY27 earnings guidance came in shy of Wall Street expectations, sending the unloved stock lower on Wall Street. Share price: $150.3 (-2.3%) Market cap: $26bn PE: 24x Yield: 2.7% … Continue reading Constellation Brands suspends FY28 outlook