The company points to ‘subdued spend and value seeking behaviors’ among customers that began in its fiscal second quarter.

Shares of Constellation Brands Inc. Cl A STZ tumbled 17.09% to $181.81 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX falling 1.54% to 5,827.04 and Dow Jones Industrial Average DJIA falling 1.63% to 41,938.45.

Hello, and welcome to the Constellation Brands Q3 fiscal year 2025 earnings call. At this time, all participants are in listen-only mode. [Operator instructions] As a reminder, this conference is being recorded. It's now my pleasure to turn the call over to Joe Suarez, vice president, investor relations.

Constellation Brands stock was falling in premarket trading Friday after the distributor of Mexican lager reported a sales and earnings miss for its fiscal third quarter and cut its guidance. Shares declined 2% after Constellation Brands reported net sales of $2.

Constellation Brands (STZ) stock dropped over 13% after the producer of popular beer brands like Corona and Modelo beer posted lower-than-expected fiscal Q3 sales. However, its free cash flow (FCF) remained strong and management raised the FCF outlook.