Constellation Brands misses quarterly sales estimates on tepid wine, spirits demand

Constellation Brands misses quarterly sales estimates on tepid wine, spirits demand

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Corona beer maker Constellation Brands STZ-N third-quarter sales fell short of market expectations on Friday, as demand for its higher-priced spirits and wines slowed down in the face of sticky inflation. The Victor, New York-based company is seeing inflation-hit consumers pivot towards its…

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