a worker stacks cases of constellation brands corona beer for delivery at the euclid beverage llc warehouse in peru illinois shares of constellation brands fell thursday after the wine beer and spirits company reported ongoing supply chain costs that offset sales growth in its beer category the stock was down about 9 thursday afternoon the company which makes corona beer and svedka vodka also lowered its earnings out look for the fiscal year constellation said it now projects earnings of 11 to 1120 per share for the year down from its previous guidance of 1120 to 1160 per share for the three months ended nov 30 constellations beer segment posted yearoveryear net sales growth of 8 driven by continued growth of its modelo especial and modelo chelada brands however the company cited higher costs from raw materials packaging and logistics brewery expansions and marketing which offset beer sales growth in a conference call with analysts tuesday morning chief executive officer bill newlands added that a recent series of headwinds hit the companys beer business towards the end of its fiscal third quarter including poor weather and economic conditions in california its operating margin in the beer business decreased during the quarter to 375 from 413 a year earlier the company said it plans to continue price increases on its beer products to match higher operating costs plaguing its supply chain for its third quarter constellations over net income fell to 4677 million or 252 a share from 4708 million or 248 a share from a year ago