Constellation Brands stock tumbled Friday after the distributor of Mexican lager reported a sales and earnings miss for its fiscal third quarter and cut its guidance.Shares declined 8.5% after Constellation Brands reported net sales of $2.

The parent of the Modelo and Corona beer brands lowered its 2025 outlook, despite third-quarter profit growth.

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.

(Reuters) - Corona and Modelo owner Constellation Brands cut its annual sales forecast on Friday as persistently sticky inflation dents consumer spending on beers, wines and spirits. The company now expects annual net sales to grow 2% to 5%, compared with its previous forecast of 4% to 6% growth.

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.

Constellation Brands Inc (NYSE:STZ) shares are trading lower after the company reported nearly flat third-quarter sales of $2.46 billion, missing the analyst consensus estimate of $2.53 billion. Net sales for the Beer segment increased 3% Y/Y to $2.