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00:02Constellation Brands withdrew its fiscal 2028 outlook and reported weaker demand as consumers
00:07adjust to a shifting macro environment, according to CNBC. The company cited limited near-term
00:12visibility and said the operating environment remains dynamic. It reported fourth quarter
00:16adjusted earnings of $1.90 per share on $1.92 billion in revenue, exceeding expectations of
00:21$1.72 per share and $1.88 billion. Net income reached $224.7 million, compared to a loss of
00:27$370.6 million a year earlier. Fiscal 2026 net sales declined 3%. The company expects fiscal
00:342027 adjusted earnings of $1.120 to $1.190 per share, below estimates of $12.36. Shares fell
00:40slightly in extended trading on Wednesday. For all things money, visit Benzinga.com.
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