Constellation Brands Inc cut its growth outlook for a second time this fiscal year, after the US drinks maker missed quarterly sales estimates citing lackluster consumer demand.

(Reuters) - Corona and Modelo owner Constellation Brands cut its annual sales forecast on Friday as persistently sticky inflation dents consumer spending on beers, wines and spirits. The company now expects annual net sales to grow 2% to 5%, compared with its previous forecast of 4% to 6% growth.