Is Constellation Brands Stock a Buy Right Now?

Trends aren't the friends of under-pressure alcoholic beverage giant Constellation Brands (NYSE: STZ) just now. A notable decline in beer consumption is affecting the fundamentals of the alcohol giant, as the vast bulk of its sales comes from such products. Earlier this month, Constellation's management went so far as to chop its annual guidance for the current fiscal year. A beaten-down stock often makes for a bargain. Is this what we're looking at with Constellation just now?Americans just aren't drinking as much beer as they did previously. According to statistics compiled by the Brewers Association, overall sales of the libation slumped by more than 1% in 2024 over the previous year. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool