Constellation Brands cut its fiscal-year sales growth projection, warning that demand for premium beer it imports from Mexico such as Modelo and Corona is falling due to economic uncertainty.

Kraft Heinz shares slid after the consumer-products giant confirmed it was separating into two publicly traded companies, reversing a merger between the mac-and-cheese maker and the ketchup maker hatched a decade ago.

Swiss Kraft Heinz rival Nestlé said it dismissed Chief Executive Laurent Freixe with immediate effect following an investigation into an undisclosed romantic relationship with a direct subordinate that breached the group's code of conduct.

Activist investor Elliott Investment Management has built a roughly $4 billion stake in PepsiCo and is pushing the beverage and snacks giant to refranchise its bottling business and make other changes to boost its sagging share price.

Consumers are feeling more constrained and value-focused, warned General Mills Chief Financial Officer Kofi Bruce at a Barclays conference, as reported earlier. Jeweler Signet said demand for cheaper, synthetic diamonds has buoyed sales.

Black Rock Coffee Bar filed for an initial public offering with the Securities and Exchange Commission.