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Coca-Cola Co’s shares fell 0.9% to hit a five-week low as the beverage giant faced negative market sentiment triggered by Constellation Brands’ earnings report. As of 10:13 am, Coca-Cola shares were trading at $70.465, down 0.77%.
Constellation Brands’ Earnings Impact
Constellation Brands, Inc. (NYSE: STZ) released its second-quarter 2025 earnings results, which indicated mixed performance. While net sales grew 3% year-over-year to $2.91 billion, Constellation reported a net loss attributable to shareholders amounting to $1.19 billion or $6.59 per share. This compares to a net income of $690 million or $3.74 per share in the previous year. However, on a comparable basis, earnings per share (EPS) rose 14% year-over-year to $4.32, with both revenue and earnings surpassing market expectations.
Forward Guidance
For fiscal year 2025, Constellation Brands anticipates net sales growth of 4-6%. The company projects reported EPS to be between $4.05 and $4.25, while comparable EPS is expected to reach $13.60.
Despite Constellation’s positive forecast, the mixed results and reported net loss appear to have contributed to a broader decline in the beverage sector, affecting Coca-Cola’s stock price negatively.