STZ Lowers Guidance Amidst Election Year Headwinds

Dear Client:   Constellation Brands chief Bill Newlands and cfo Garth Hankinson joined Barclays analyst Lauren Lieberman on stage at the Barclays Global Consumer Staples Conference this morning to give a peek under the company's hood. ADJUSTED GUIDANCE. The main headline today is that Constellation Brands issued updated financial outlook for fiscal year 2025, citing "incremental macroeconomic headwinds" affecting consumers. The company lowered its fiscal 2025 outlook for the wine and spirits business from -0.5% to +0.5% growth to mid