Alcohol maker Constellation Brands said lower sales of its struggling wine and spirits business continued to hit its results in its fiscal third quarter, as it cut its outlook for the year.
Over the last few years, Constellation has divested the majority of its popular and mainstream wine and spirits brands within the portfolio and is focused on competing predominantly in premium and ...
--ADJUSTED EARNINGS: Stripping out one-time items, Constellation Brands is forecast to post adjusted earnings of $3.31 a share, according to FactSet. --REVENUE: The company is anticipated to post ...