A caller asked Cramer’s opinion of Constellation Brands Inc. (NYSE:STZ), and here’s what Mad Money’s host had to say:

“Oh, I know it's trying to bottom, but you know what? The beer business is soft. The spirit business is not so good, and frankly, I expected more from the company. I think the company has been a very big disappointment, and I just have to say, I don't need to be in stocks that have been disappointing. I'm sorry. I wish it were doing better for certain, my wife's in that business itself, but I don't see it.”Jim Cramer Calls Constellation Brands a "Very Big Disappointment"

A winemaker examining a glass of red wine from a barrel in a cellar.

Constellation Brands (NYSE:STZ) is a large producer and distributor of beer, wine, and spirits. The company sells beer through a variety of brand names. Appearing on Squawk on the Street in April, Cramer said:

“A rather shocking guide down. Beer will be flat no longer 7% to 9% two years. They got Modelo, which is the number one brand. What this says is, without a doubt, that alcohol continues to slow. Consumption continues to slow. We don't know. Now, this company over-indexed for Hispanics. There's always a chance that perhaps Hispanics are unfortunately laying low because of what's ever happening in our country. That's what's happened before. But what's more important is GLP-1. The craving for beer is no more than the craving for sparkling water. So I'd rather have a sparkling water. There's big studies going on right now that show that. And no one in the industry is willing to admit it. […]

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