Constellation Brands, the parent company of Modelo and Corona, has seen its stock tumble to a five-year low following a significant reduction in its fiscal outlook due to declining beer sales, particularly among Hispanic consumers in the U.S. The company attributed this drop to shifting consumer habits and the impact of immigration policies on demand. As a result, Constellation has issued a profit warning and cut its forecasts for fiscal 2026, projecting lower earnings per share. Analysts remain cautious, with JPMorgan lowering its price target amidst concerns regarding the broader beer market and competition from other alcohol makers. The outlook remains uncertain as the beer giant continues to navigate these challenges.