07:59 AM EDT, 09/02/2025 (MT Newswires) -- Constellation Brands ( STZ ) said Tuesday that it is lowering its fiscal 2026 comparable earnings outlook to a range of $11.30 to $11.60 per share, compared with $12.60 to $12.90 previously.

Analysts surveyed by FactSet expect $12.64.

Chief Executive Bill Newlands cited dampened demand and more volatile consumer purchasing behavior amid a challenging macroeconomic environment.

The company's shares were down more than 8% in recent Tuesday premarket activity.