Sept 3 (Reuters) - Constellation Brands ( STZ ) will

write down the value of its wine and spirits business and take

up to a $2.5 billion charge in the current quarter, the Corona

beer maker said on Tuesday, following several quarters of weak

demand in the U.S.

The company also trimmed its annual enterprise net sales

growth to between 4% and 6%, from 6% to 7% earlier, as retailers

reduce stocking wine and spirits and consumers pare back

spending on pricier alcoholic beverages.

Shares of the company, which is expected to report

second-quarter results on Oct. 3, were unchanged in early

trading.

In July, Constellation Brands ( STZ ) topped Wall Street estimates

for first-quarter profit on resilient demand for its beers such

as Modelo Especial and Pacifico, as well as higher pricing.

The company expects a goodwill charge of about $1.5 billion

to $2.5 billion in the second quarter related to the wine and

spirits business.

Constellation Brands ( STZ ) lowered its fiscal 2025 reported

earnings per share estimates to a range of $3.05 to $7.92, from

$14.63 to $14.93 earlier.

It raised the lower end of its annual adjusted earnings per

share by 10 cents to $13.60 while maintaining the upper end at

$13.80.

Wine and Spirits annual net sales is expected to decline

between 6% and 4%, compared with a fall of 0.5% to a rise of

0.5% expected earlier.