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Published March 28, 2025
Investors soured on Constellation Brands after it missed it missed its sales slumped and it missed its financial guidance. Shareholders “poured out” their shares, causing Constellation’s stock price to plunge 17%. Some investors have filed a class-action to recover their losses.
Constellation Brands produces and sells beer, wine, and spirits in several countries. Throughout 2023, the spirit and wine industry experienced a slowdown. But, that didn’t stop Constellation’s executives from giving investors a bubbly outlook for the coming year. In April 2024, Constellation’s executives provided investors a rosy annual financial outlook, predicting growth in beer, wine, and spirits.
But, spirits and wine were still on the rocks.
Investors learned the truth in January 2025 after Constellation announced a huge sales miss across all sectors. Stunned shareholders quickly dumped their shares. Some investors are now joining the lawsuit.