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Constellation Brands to record up to $2.5 billion in charges linked to wine business

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Constellation Brands News

Wine And Spirits

The company also trimmed its annual enterprise net sales growth to between 4% and 6%, from 6% to 7% earlier, as retailers reduce stocking wine and spirits...

FILE PHOTO: Bottles of the beer, Corona, a brand of Constellation Brands Inc., sit on a supermarket shelf in Los Angeles

Shares of the company, which is expected to report second-quarter results on Oct. 3, were unchanged in early trading. Constellation Brands lowered its fiscal 2025 reported earnings per share estimates to a range of $3.05 to $7.92, from $14.63 to $14.93 earlier. 360 Energy Inc. Launches Envirally: Transform Energy Management with AI-Powered, Audit-Ready Energy and Carbon Reporting

 

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