India, April 9 -- Constellation Brands Inc. (STZ), a beverage alcohol company, reported a loss for the for the fourth-quarter of fiscal year 2025 compared to profit in the prior year. The company announced the divestiture of its remaining mainstream wine brands and restructuring initiatives aimed at generating over $200 million in net annualized cost savings by fiscal 2028. The company has also issued its fiscal 2026 outlook and updated projections for fiscal 2027 and fiscal 2028, including a new three-year, $4 billion share repurchase authorization.
Constellation Brands reported that its net loss attributable to the company for the fourth-quarter of fiscal year 2025 was $375.3 million or $2.09 per share compared to net income of $392.4 mi...