Constellation Brands Extends Slide as Alcohol Demand Weakens

Shares are more than 50% below their early‑2024 peak and have continued to drift lower in recent trading. Despite Berkshire Hathaway holding 13.4 million shares valued at about $1.77 billion, the stock has underperformed in recent months. Sales fell 10% over the six months ending in August, with gross and operating profits also declining. Management projects a 4% to 6% revenue drop for the fiscal year ending in February, with an even larger decline in operating income. Industry trackers report U.S. beer shipments down roughly 5% through September, and Gallup finds a record‑low 54% of adults identify as regular drinkers.