Constellation Brands (STZ +2.44%) is best known for its Mexican beer portfolio, which includes Corona, Modelo, and Pacifico. It also has several wine labels, including Kim Crawford and Robert Mondavi.
Until 2021, Constellation was a fast-growing company, thanks to its beer business, which makes up the majority of total revenue. Its portfolio of alcoholic beverages has matured, though, and this is likely to be more of a slow-and-steady business. It's also been a tough few years in the macro environment, with cash-strapped consumers tightening their wallets and scaling back purchases of alcoholic beverages.
Over the last 12 months, Constellation stock has fallen about 20%, making it one of the weaker large-cap consumer staples stocks. It's weathering the effects of lower beer sales, pressure on its core Hispanic consumer base, lower earnings expectations, and tariff concerns, especially on aluminum.