Constellation Brands Inc. reported its third-quarter fiscal 2025 earnings, missing both earnings per share (EPS) and revenue estimates. The company announced an adjusted EPS of $3.25, falling short of the expected $3.31, and revenue of $2.46 billion, below the anticipated $2.54 billion. For the full fiscal year 2025, Constellation Brands provided guidance with an adjusted EPS range of $13.40 to $13.80, compared to the estimate of $13.71, and an operating cash flow target of $2.9 billion to $3.1 billion, up from the previous range of $2.8 billion to $3 billion. The company attributed the quarterly miss to lackluster consumer demand and noted a trend of subdued spending and value-seeking behaviors among customers. Following the earnings release, Constellation Brands' shares dropped by 3.30% in pre-market trading, reflecting investor disappointment with the results. The company also cut its growth outlook for the second time this fiscal year.