Investors are not toasting Constellation Brands today. The spirits giant missed 3Q estimates and lowered its profit outlook for 2007. On CNBC’s “Morning Call” Constellation Brands Chairman and CEO Richard Sands explained what went wrong.
Richard Sands said, "Business is very good around the world except for one market which is the United Kingdom where we face some really challenging conditions. The UK is a little different than many markets of the world. There’s tremendous amount of retail power."