US Stock Market Move | Lowering the 2025 fiscal year performance guidance, the constellation brand (STZ.US) plummeted more than 10%.

On Friday, the constellation brand (STZ.US) plummeted over 10%, hitting a new low at $193.34. On the news front, the company lowered its net sales forecast for the 2025 fiscal year. It is currently expected that annual net sales will increase by 2% to 5%, compared to the previous forecast of 4% to 6%. Adjusted earnings per share for the 2025 fiscal year are expected to be between $13.40 and $13.80, compared to the previous forecast of $13.60 to $13.80. As of the third quarter ending on November 30, the company reported net sales of $24.6 billion, below the expected $25.3 billion, and adjusted earnings per share of $3.25, lower than the expected $3.31 per share.