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Constellation Brands shares rose 4.5% to $173.87 despite Q1 revenue and earnings missing estimates. The brewer of Corona maintained its FY outlook and lowered its expected tariff hit from $30 million to $20 million. The CEO cited weak demand due to non-structural factors. Retail sentiment dipped to bullish from extremely bullish, amid concerns over declining sales and market share.
short by / 01:00 pm on 03 Jul
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