(Updates)

** Beer maker Constellation Brands' shares fall as much as 14.7% to $187.01, hitting a more than four-year low

** Company cuts annual profit and sales forecasts on muted demand for alcoholic beverages

** " ... continue to face subdued spend and value seeking behaviors that emerged among legal drinking age consumers in Q2," says CEO Bill Newlands

** Forecasts annual adj. EPS between $13.40 and $13.80 vs prior forecast of $13.60 to $13.80

** Sees net sales growth in the range of 2% to 5% from 4% to 6% growth expected earlier

** STZ's results drags shares of rivals Brown-Forman

, Molson Coors and Boston Beer down between 4% and 6%; U.S.-listed shares of Anheuser-Busch Inbev

also falls ~5%

** In 2024, STZ fell 8.6%

(Reporting by Juveria Tabassum and Aamir Sohail in Bengaluru)

((Juveria.Tabassum@thomsonreuters.com;))