Shares of beer, wine, and spirits company Constellation Brands (NYSE:STZ) fell 16.7% in the afternoon session after the company reported weak fourth quarter results, which fell below Wall Street's expectations for most of the key metrics we track,

The company points to ‘subdued spend and value seeking behaviors’ among customers that began in its fiscal second quarter.

On the bright side, Constellation is leaning on a strong cash flow projection of $1.6 billion to $1.8 billion for fiscal 2025, giving it some breathing room to navigate these headwinds while continuing its investments in beer capacity and marketing This article first appeared on GuruFocus.