0756 ET - Constellation Brands backed its adjusted earnings and sales outlooks for fiscal 2026, though JPMorgan analysts aren't sure that was a good idea. They say in a research note that it would've been more prudent for the U.S. importer of Modelo beers to guide lower, citing the company's soft F1Q, weak start to F2Q, ongoing headwinds among its core demographics and potential for further macroeconomic pressure. "We still see the guidance at risk at this point," the analysts write, "as we believe the company may be expecting inflection back to depletion growth as soon as F2Q." Constellation Brands posts lower profit and sales in its latest quarter, largely in-line with expectations. (connor.hart@wsj.com)
(END) Dow Jones Newswires
July 02, 2025 07:56 ET (11:56 GMT)
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