Constellation Brands Falls, Lululemon Rises, Tesla Up After Musk Comments
On this episode of Stock Movers:
- Constellation Brands (STZ) shares fall after the alcohol beverage company cut its fiscal 2026 guidance, citing weak consumer demand. President and CEO Bill Newlands noted a more pronounced decline in purchases of high-end beer among Hispanic consumers.
- Lululemon (LULU) shares rise as the company is embarking on a big marketing shift by getting athletes to pull the company out of a sales rut. Ambassadors include American tennis star Frances Tiafoe, who wore Lululemon apparel at the US Open.
- Tesla (TSLA) shares are up after 4 straight sessions of declines. Earlier this week, CEO Elon Musk tried to take the focus away from Tesla's car business and said the company will derive about 80% of its value from Optimus, the robot initiative he first touted four years ago.
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