Constellation Brands, Inc. (STZ): Things Got Worse Just When You Thought They Couldn't! Says Jim Cramer

We recently published 10 Latest Stocks Jim Cramer Discussed Amidst Market Uncertainty. Constellation Brands, Inc. (NYSE:STZ) is one of the stocks Jim Cramer recently discussed.

With the year’s third quarter heading to a close, Constellation Brands, Inc. (NYSE:STZ) has once again started to feature on Cramer’s morning show. As was the case early in the year, Cramer continues to believe that the firm is struggling in a weak beer market. Constellation Brands, Inc. (NYSE:STZ)’s shares have lost 32% year-to-date on these concerns. The latest dip came in August after the stock sank by 6.6% as the firm cut its fiscal year 2025 earnings per share guidance to $11.30 to $11.60, from an earlier $12.60 to $12.90, and added that beer sales could drop by as much as 4%. Cramer cited Constellation Brands, Inc. (NYSE:STZ) as an example of never thinking that things couldn’t get worse:

“Now I’m going to give you an example of Constellation Brands, STZ. There are a lot of people who thought, how much more negative could they be? Beers bad! Wine and spirits are bad. Hispanic numbers are bad. And then it comes out, and it’s horrendous! So I mean just when you think things couldn’t get worse!”

Here are the CNBC TV host’s previous comments about Constellation Brands, Inc. (NYSE:STZ):

“Okay, look, here’s a stock that’s been horrendous, I don’t know if we have a chart. . .oh, look at that. It’s been terrible, right here and I’m not saying they’re wrong. Bank of America goes to a Sell because they think numbers are gonna come down again. So we got to go over this.

“[After Faber sarcastically pointed out that BofA had downgraded to sell after 26% in year-to-date losses] Oh give them a break. Given them a break.

“Oh, talk about the substance. Good call. Alright here’s the problem, David. The metrics are going to go down, and these guys, these guys, they have a lot of leverage, but what’s most important is GLP-1s have cut beer. The Gen Z, whoever the [omitted] they are, in terms of their head, they’re healthy. I don’t know what that’s all about, they’re like healthy. That’s who has the stupid mocktails. I shouldn’t say stupid, sometimes they’re tasty.

“It’s the Hispanics, which have, are afraid because they’re afraid to be rounded up if they go to a liquor store. And that matters. Because they’re being deported and now at high levels. So,  I mean I just think that you don’t wanna be there. You don’t wanna be there.”

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Disclosure: None. This article is originally published at Insider Monkey.