$STZ (-2.6%) is in a downward phase due to reduced demand and negative macroeconomic developments. The company is adopting an adaptive strategy, focusing on cost control, share buybacks, the distribution of high-quality beer, and maintaining satisfactory liquidity despite the slowdown in individual markets.
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It just announced that it is cutting its estimated earnings for the year by about 10%.
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Umut Y.@7digitbaki
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