Constellation Brands stock tumbled Friday after the distributor of Mexican lager reported a sales and earnings miss for its fiscal third quarter and cut its guidance.Shares declined 8.5% after Constellation Brands reported net sales of $2.

Hello, and welcome to the Constellation Brands Q3 fiscal year 2025 earnings call. At this time, all participants are in listen-only mode. [Operator instructions] As a reminder, this conference is being recorded. It's now my pleasure to turn the call over to Joe Suarez, vice president, investor relations.

The parent of the Modelo and Corona beer brands lowered its 2025 outlook, despite third-quarter profit growth.