Constellation Revises Fiscal ’25 Outlook Amid “Macroeconomic Headwinds”

Dear Client:  Ahead of its talk at the Barclays Global Consumer Staples Conference later today, Constellation has issued an update for its fiscal 2025 outlook, including a slight adjustment to its beer projections.  The company revised its beer net sales growth projections to 6%-8%, down just slightly from the previously projected 7%-9%, while it raised beer operating income growth to 11%-12%, adjusted toward the high end of the previously announced 10%-12% range.  But its wine and spirits business got revised